Glossary term
Re-rate
Re-rate: An insurer's recalculation of your premium using updated information—such as an improved credit score—usually available on request once per policy period.
Where this term matters
Guides and entries on this site that use the term.
Guide
How to Improve Your Insurance Score
The specific actions that raise a credit-based insurance score—utilisation, on-time payments, disputing errors—and how to get your insurer to re-rate.
Entry
Telematics Auto Insurance With Bad Credit: How Driving Tracking Can Lower Your Premium
Learn how telematics and usage-based car insurance substitute driving habits for credit scores, helping drivers with poor or thin credit secure lower premiums.
Entry
Moving to a State That Bans Credit in Auto Insurance: How Your Rate Changes
Discover what happens to your car insurance premium when moving to a state like California, Michigan, or Massachusetts where credit scoring is prohibited by law.
Entry
Can an Auto Insurer Cancel Your Policy if Your Credit Score Drops?
Learn whether an auto insurer can cancel or non-renew your policy over a drop in credit, what state laws require, and your rights under adverse action rules.