experience rating


A quantitative measure used by an insurance company to determine how much a given policy should cost, calculated using historical data to determine the risk of future claims.

Use experience rating in a sentence

The experience rating was very high and that gave me good feelings and I went ahead with it and did it.

​ Was this Helpful? YES  NO 6 people found this helpful.

You should try to have the best experience rating that you can have so that others will be happy to do business with you.

​ Was this Helpful? YES  NO 5 people found this helpful.

Because of an accident a couple years ago on their record, their experience rating was sub par and they were going to have to pay a premium for insurance.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
community rating experience modification