Glossary term
Rating factor
Rating factor: Any characteristic used to set a premium—age, record, mileage, vehicle, territory, coverage.
Where this term matters
Guides and entries on this site that use the term.
Guide
How Age Affects Car Insurance After 60
Why car insurance is cheapest in the fifties and sixties, why it begins rising around 70, what the data says about older drivers, and how insurers rate it.
Entry
Pay-Per-Mile vs. Low-Mileage Discounts: What Retirees Should Know
Compare pay-per-mile telematics and flat low-mileage auto insurance discounts for retirees. Learn how tracking works and when switching saves money.
Entry
Car Insurance Liability Limits in Retirement: Protecting Your Assets
Why state minimum auto insurance leaves retirement assets vulnerable, how recent state liability laws change minimums, and how to choose proper limits.