Car insurance glossary
What is insurance risk class?
An insurance risk class is a group of policyholders with similar characteristics used in underwriting or pricing.
Also called: rating class
Glossary date: June 15, 2026
How it works
An insurer may classify risks using factors permitted by state law. The classes and their pricing effects differ among companies.
Example
Two drivers with different vehicle use and driving histories may fall into different rating classes even if they choose the same limits.
Why it matters
A classification can affect premium, but it is only one part of the full rating calculation.
What to check on your policy
Verify the facts behind the policy classification and ask the insurer to correct inaccurate records.
Related car insurance terms
Put the terms into context
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