Preferred Auto

Definition

  • Because of a statistically lowered risk of traffic collisions, those with spotless driving records are given better rates and options for automotive insurance.

Synonyms
preferred driver auto insurance, preferred automotive insurance, preferred auto insurance rates

Related Terms and Acronyms

  • Automobile Liability Insurance Definition,
    • Insurance coverage for damages caused in traffic collisions.
  • Collision Insurance Definition,
    • Auto insurance that provides coverage for damages to the policyholder's vehicle in the event that the policyholder is at fault in a traffic collision.
  • Comprehensive Insurance Definition,
    • Auto insurance that covers damages not resulting from a collision, and for vehicle theft.
  • High Risk Auto Insurance Definition,
    • Auto insurance for drivers with an increased risk of collisions.
  • Private-Passenger Auto Insurance Policyholder Risk Profile Definition,
    • A system for sorting drivers by their driving records and how likely they are to cause a loss for an insurance company.
  • Risk Class Definition,
    • A number of people who are grouped together because they pose similar levels of risk to an insurance company.
  • Standard Automotive Insurance Definition,
    • Auto insurance that covers those with average driving records.
  • Substandard Insurance Definition,
    • Insurance for those who are ineligible for standard insurance due to higher risk profiles.
  • Underinsured Motorist Coverage Definition,
    • Auto insurance that covers damages when the other driver in a collision is at fault but does not have sufficient insurance coverage.
  • Uninsured Motorist Coverage Definition,
    • Auto insurance that covers collision damages caused by a driver without auto insurance.
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