What Does Merit Rating Mean?

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What does Merit Rating mean? Read on to discover the definition & meaning of the term Merit Rating - to help you better understand the language used in insurance policies.

Merit Rating

Merit Rating

A merit rating is the basis for calculating a premium on auto insurance. It is based on a policyholder's record as a driver or operator of a vehicle. A high rating can translate to a high premium.

We hope the you have a better understanding of the meaning of Merit Rating.

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