When it comes to auto insurance, high risk drivers are at a disadvantage. Its not a secret that insurers rise premiums for high risk drivers. Finding cheap car insurance can be a difficult but not impossible.
High risk drivers – Who are they really?
A number of factors are used by insurers when determining if a driver is high risk. Age, driving history and credit score are the most important ones.
Young drivers – insurance experts point out that in a huge percentage of all accidents, teen drivers are at fault. Its hardly surprising that auto insurance companies put inexperience drivers in the high risk category. Insurance premiums for teenage boys in particular are quite high, especially for those driving sports cars.
Senior drivers – society generally accepts people as senior citizens when they are over 65 years old. Some people suggest, that senior drivers rarely drive fast cars and have a lot of experience. Still, statistics show that older drivers are often involved in accidents.
People with bad driving history – driving history still plays a very important role when insurance rates are calculated. You can anticipate to be charged more if you have been traffic violations like – driving without insurance,caused an accident or drink driving. In some cases, as part of your insurance policy, you may have to file SR22 or FR44 form.
Low credit rating – the use of credit score by insurance companies is seen as unfair by many people. Fair or not, credit score is used by more and more insurers every year. Those paying their bills on time are considered as good customers who are less likely to make a claim.
Low cost auto insurance for high risk drivers
Is it possible to find inexpensive auto insurance for high risk drivers?
If you are a teen driver, the first thing you should be concerned about is keeping a clean driving record. Maintaining good grades at school or college can lower your premiums.
Its very important to obey the law. Always carrying at least the minimum insurance coverage required and avoiding drink driving is common sense. Don’t allow your insurance policy to lapse if you are required to file SR22 – your license will be suspended.
You will pay less for your auto insurance if you drive a car with more safety features, which is considered as “insurance friendly”.
Taking a defence driving course is really usefull, particularly for senior drivers.
The easiest way for high risk drivers to find cheap auto insurance is to compare quotes online.
Always get quotes from at least 3 insurers. You will be astonished by the difference in rates offered by different insurers.
