Today we will see how it is possible to obtain good rates despite being drivers at high risk and must stipulate high risk auto insurance. Although almost all states require a minimum amount of auto insurance for every driver, auto insurance companies are allowed to deny coverage when they determine that a driver is very high risk to cover.
Drivers in the high-risk category face a number of challenges in trying to get auto insurance. For example, it may be harder to find companies and auto insurance that will make sure your premiums are likely to be higher than those of drivers in the standard category. What you can do then, if you’re a high-risk driver. Let’s see how you can choose a high risk auto insurance that does not get too expensive.
What is a high-risk driver?
A “high-risk driver” is one who has a higher probability of making a claim to his auto insurance company than any other driver. Auto insurance companies usually perceive high-risk drivers as undesirable, as they may end up costing more than they earn by taking out the accounts.
There are several reasons why an insurance provider can consider you highrisk. There is no uniform definition that determines exactly what a high-risk driver is. Continue reading to find out more about the most common reasons drivers are determined at high risk, and that policy should choose between high risk auto insurance
DUI/DWI A conviction for driving under the influence of alcohol or narcotic drugs (DUI/DWI) will cost you large amounts of money in fines and penalties. In addition, you will probably have other huge consequences related to your auto insurance: High-risk driver classification. Insurance filing Requirement SR-22. Probable rejection of auto insurance coverage.
In most states, your conviction for a DUI will stay with you for at least three years. You can expect to be classified as a high risk driver at least the amount of time the DUI conviction appears in your driving history.
Other serious violations of traffic laws A DUI/DWI is not the only type of traffic law violation that can probably change your auto insurance risk rating. Several serious violations can also cause auto insurance companies to classify you as a high-risk driver. Examples of serious violations of traffic laws include: Excess speed limit. Illegal races in the streets. Driving without a license. Drive recklessly. Any traffic violation that results in a death. Serious accidents
A small shock or touch from time to times will probably have very little impact on your auto insurance beyond an increase in your premiums. However, serious accidents are another totally different story. The definition of a serious accident may vary from state to state, but normally any accident involving an injury or a certain amount of property damage (normally established by state law) is considered a serious accident.
If you are involved in a serious accident, many insurance providers may later see you as a high risk driver and will surely propondrian you a high risk auto insurance Driving History
When we talk about your car insurance, it’s hard to argue that anything affects you more than your driving history. If your driving history is full of traffic and accident law violations, you will probably be considered a high-risk driver and face higher car insurance rates.
Most states have laws regarding how long ago insurance companies are allowed to see your driving history. Car insurance companies are usually the most interested in the information of the last 5 years. However, the regulations vary and your state could allow auto insurance companies to see much further back.
To make sure you know what your insurance company sees, you can see your driving history online today. New drivers Given their little experience and short history of auto insurance, new drivers can be considered as high-risk drivers. Statistics consistently show that low-experienced drivers are more likely to be involved in a car accident than a more experienced driver.
Teen drivers can avoid having to buy auto insurance at the high risk level simply by being added to their parent’s policy. However, parents can expect to see a significant increase in their premiums.
New adult drivers who have to buy their own auto insurance may have to buy high risk auto insurance. However, depending on where you live and the insurance companies that you can buy, you could buy standard insurance (if not immediately, then probably as soon as in 6 months from the time of the initial purchase). Before renewing your high-risk insurance, search and get new auto insurance quotes.
Find lower Rates true: high risk drivers face much higher premiums than standard risk drivers. However, keep in mind that just because a car insurance provider classifies you as a high risk driver does not mean that all insurance companies will do the same. Before you buy high-risk auto insurance, try to get multiple auto insurance quotes to find the most affordable auto insurance.