Cheap Insurance For High Risk Drivers

What Is High Risk Insurance?

High risk auto insurance is car insurance for drivers who are considered high risk by insurance companies. The definition of a high-risk driver is someone who has been in accidents, has tickets, or is otherwise considered a potential liability by insurance companies. These drivers may have difficulty getting coverage from traditional insurance companies and must turn to high-risk insurers for coverage. High-risk insurance may also be referred to as non-standard, sub-standard, or assigned risk insurance.

High-risk drivers may face higher premiums than standard drivers, and some insurers may even refuse to provide coverage. In these cases, high-risk drivers can look to assigned risk pools, which are government-funded insurance pools that provide coverage to high-risk drivers. Drivers who are unable to find insurance in the standard market are assigned to these pools and must pay higher rates than those offered in the standard market.

Who Qualifies As High Risk?

Anyone who is deemed high risk by an insurance company will be required to purchase high-risk auto insurance. Factors that may lead to a driver being classified as high risk include a poor driving record, a history of accidents or tickets, a history of lapsed coverage, or a short driving history. Drivers who are under 25 and those who drive certain types of vehicles may also be considered high risk.

In addition, those who have filed multiple insurance claims in a short period of time may be considered high risk. These drivers can expect to pay higher premiums than those with clean records.

What Does High Risk Insurance Cover?

High-risk auto insurance typically covers the same items as standard auto insurance policies. These include liability coverage, which pays for damage caused to other drivers, property damage coverage, which pays for damage caused to another person’s property, and collision coverage, which pays for damage to your vehicle. High-risk policies may also include uninsured motorist coverage, which pays for damage caused by an uninsured driver.

High-risk insurance can also provide coverage for rental cars and towing. In addition, some high-risk policies may provide coverage for medical expenses, lost wages, and other types of expenses related to an accident. However, it is important to note that high-risk policies may not provide the same level of coverage as standard policies.

How Can High Risk Drivers Find Cheap Insurance?

High-risk drivers can find cheap insurance by shopping around and comparing quotes from different insurers. Drivers should make sure to compare coverage levels and premiums to find the best deal. Drivers should also look for discounts, such as good driver discounts, which may reduce their premiums.

In addition, drivers should consider raising their deductibles, which can reduce their premiums. Drivers should also look into taking a defensive driving course, which may qualify them for lower premiums. Finally, drivers should look into paying their premiums in full, as this may result in a discount.

Conclusion

High risk auto insurance is necessary for drivers who have been deemed high risk by insurance companies. These drivers may face higher premiums and fewer coverage options than those with clean records. However, high-risk drivers can still find cheap insurance by shopping around and taking advantage of discounts and other savings opportunities.