Driving History For Insurance

April 19, 2022

Did you know that your driving history can affect your life insurance rates? While this doesn’t necessarily mean you’ll be denied coverage, life insurance companies will check your driving history and increase your premiums just as auto insurance companies would.

If you’re confused about whether or not you will be eligible to receive a life insurance policy because of your driving record, we’ll go over everything that you need to know in this article.

Your Auto Insurance Isn't The Only Thing That Will Go Up

The life insurance company to which you’re applying won’t just check into your medical history. Life insurance companies check your driving record for the last 5-10 years and base their rates on whether or not they think you’re a low-risk or high-risk driver. While each insurance company will set different terms and conditions they want their clientele to meet, they’ll likely consider the following as risk factors:
Non-moving violations such as parking tickets, expired registrations, or a broken tail-light or headlight will likely not affect your car insurance premiums or life insurance premiums, but every insurance company is different.
Your driving record is going to affect both your auto insurance and life insurance policies.

How To Check Your Driving Record

Accidents can happen to anyone at any time and sometimes we let accidents slip without even realizing it, like getting a speeding ticket or forgetting to put our seatbelts on. In fact, according to statistics, 90% of road crashes are a result of human error. All it takes is one incident to change our lives forever and to increase our auto insurance and how other insurance companies view you as a lender.

This is why it’s important to check your own driving record before applying for a life insurance policy because, as mentioned above, insurance companies check driving records before approving you or determining an insurance rate. Driving infractions can stay on your driving record for 3 or more years and at-fault accidents upwards of 10 or more years, so if you can’t remember your claims history or record information, you can request it from the Ministry of Transportation by mail, phone, in person or online.

How To Clean Your Bad Driving Record Before Applying For Life Insurance

If you’ve requested a copy of your driving record and see there are still traffic violations or other incidences on it, you’ll have to wait until they are no longer on your record if you’re hoping to get a good deal on your life insurance coverage. Going forward, in order to maintain a good driving record, make sure to abide by the rules of the road, taking driver training if necessary, and if you know you’ll be drinking, make sure to have an alternative way of getting home. Keeping a clean driving record (or better yet, a perfect driving record) will ultimately keep everyone safe and help you save money.

How To Qualify For Life Insurance With A Poor Driving Record

If you need life insurance quickly but are worried about being denied coverage, there is still an option for you.

No medical life insurance is the perfect option for people who may have a poor driving history, who have a medical condition or critical illness, who are over the age of 65, have a criminal history, and more. Rather than undergoing a medical exam like with typical life insurance, you won’t be required to do that with no medical life insurance. It’s easy to obtain, it’s affordable, and it can provide you with the right coverage you desire. If you fit under one of the following categories, you may still qualify for no medical life insurance:

If these infractions occurred more than 5 years ago with no recent issues, insurance companies are more likely to consider you less of a risk and offer you better insurance rates.

Mental Health Disorders & Life Insurance Companies

Even with a poor driving record, you can still qualify for no medical life insurance policies.

Shelter Bay Can Help You Find The Right Insurance Product For You

There are many benefits of working with an individual insurance broker like Shelter Bay. Rather than just working for one insurance company, we can shop around from various lenders and present you with the best rates that work well within your budget. We can also get you approved quickly so there are little to no wait times to get the coverage you need and deserve, regardless of your driver’s license history. Contact us today and we’ll help get you set up with no medical life insurance to bring you, and your family, peace of mind.

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