No, just when you turn off Location completely. Location History is not needed for the Location Services to work, this is just a Google Service to enable other features. Take a look at this information.
Google’s Location History is Still Recording Your Every Move.
On this one will show you how it was until mid April when we had 2 separate options, Location reporting and Location History, before I had location history on but Reporting off as it was besides the Screen, the number 1 battery drainer on Android, and I frankly didn't want to be "reporting" Google all my moves, but now that they incorporated both into just one setting, then I just prefer to turn it off. Check this other link.
Understanding Google's Android location tracking | Android Central