Auto Insurance for High Risk Drivers

What is a High Risk Driver?

High risk driver is a term used by insurance companies to refer to those drivers that have an increased or above-average likelihood of being involved in a car accident or other incident. High risk drivers are typically identified based on a number of factors, such as their age, driving history, and the type of car they drive.

Young drivers and those with a history of traffic violations or accidents are considered high risk by insurance companies, as are those who drive certain types of cars, such as sports cars or luxury vehicles. Individuals who have recently received a DUI or DWI charge may also be considered a high risk driver.

Why Do High Risk Drivers Pay More for Auto Insurance?

The primary reason high risk drivers pay more for auto insurance is that they are considered to be more likely to get into an accident than other drivers. Insurance companies use a variety of factors to assess risk, including age, gender, driving record, and the type of car you drive.

The insurance companies also take into account the number of miles you drive each year, how often you drive late at night, or in adverse weather conditions. All of these factors are used to determine the likelihood of you filing a claim with the insurance company.

What Can High Risk Drivers Do to Lower Their Auto Insurance Premiums?

High risk drivers can lower their auto insurance premiums by taking certain steps to improve their driving record. Taking a defensive driving course or completing a driver's education course can help to reduce the number of traffic violations and accidents you have on your record.

In addition, high risk drivers can also lower their premiums by shopping around for a better rate. Many insurance companies offer discounts for safe drivers, so it pays to shop around and compare rates.

What Other Options Do High Risk Drivers Have?

High risk drivers may also want to consider purchasing a high-risk auto insurance policy. These policies are designed to provide coverage to drivers that are considered to be high risk, and may be more expensive than a regular auto insurance policy.

High risk drivers may also want to consider increasing their deductibles. This will lower the premium amount, but will also mean that the driver will pay more out of pocket should they have an accident.

Conclusion

High risk drivers face higher auto insurance premiums than other drivers, but there are steps they can take to reduce their premiums. Shopping around for a better rate and taking a defensive driving class are two ways to lower the cost of auto insurance for high risk drivers. Additionally, high risk drivers may want to consider purchasing a high-risk auto insurance policy or increasing their deductibles.