Glossary term
Base rate
Base rate: The starting premium for a coverage in a given territory before individual factors are applied.
Where this term matters
Guides and entries on this site that use the term.
Guide
How Much Car Insurance Costs for New Drivers
What new drivers pay for car insurance by age, why inexperience is priced so heavily, and how the premium falls over the first three years.
Entry
What Happens to Insurance Rates After a New Driver's First Speeding Ticket
Understand how a first speeding ticket impacts new driver car insurance rates, how surcharges work, and the exact steps to minimize premium increases.