5 Ways to Getting Cheaper Coverage For High Risk Drivers.

Who is a high-risk driver? A driver getting in an accident or making too many claims on the insurance.

First of all, you need to understand that a car insurance is a business like any other business. Their aim is to make a profit as they provide quality service.

How do they set the rates? Those premiums are largely based on how likely an insurer thinks you are going get in an accident or make a claim. However, it’s advisable to improve your driving record in order to get better insurance rates.

The following make high risk Driver

Insurers will lump you into a high-risk category for the following reasons:

1. You have a poor credit history.
2. You’ve received multiple speeding tickets or traffic violations
3. You have suspended license or convicted of a hit and run accident.
4. Your are new driver
5. Your car has a salvage title
6. You have been convicted of a DWI or DUI
7. You’ve been involved in an at fault car accident.
8. You need SR-22 insurance.

Does it mean when I’m high risk driver, I can’t get a car insurance?

No, you will get a car insurance. However, you will be charge higher premium rates that will spread thin your budget.

How to save on non-standard car insurances

Once your termed as “High risk Driver” by your car insurance company. It will be very difficult to get coverage at lower costs.

Once you’re ready to buy a coverage, it’s advisable to compare a range of nonstandard providers and if possible, have a one on one conversation with a provider that specializes in drivers with a poor driving record.

The best way forward is to understand factors affecting car insurance premiums in order to decide the best ways to reduce your costs.

1. Keep an eye out for discounts. Shop around in the market for several providers offering discounts as high as 25% just for renewing online or for taking a defensive driving course.
2. Choose a higher deductible. Remember, the deductible majorly affects your premiums. A higher deductible can result in creating space for more importance claims, like liability or uninsured motorists.
3. Pay as you go insurance. If you don’t drive every day or you are safe driver, it’s advisable to compare usage-based insurance. This is because your rates are based on how much and how well you actually drive and not how much risk an insurer assumes you present.
4. Improve your credit score. Remember your provider considers your credit history when calculating how much to charge. It’s imperative to improve your credit, you’ll eventually get better rates, unless you live in California, Hawaii or Massachusetts.
5. Drive a car that’s cheaper to insure. there are a wider range of cars that are cheaper to insure and get typical car insurance rates based on a car’s make and model online. The rates for minivans, SUVs and smaller car tend to be cheaper than high performance or flashy cars. Choose a car that has features like safety and anti-theft devices which could earn you extra discounts.

Bottom Line

Remember you can always get coverage even if you’re are high risk driver. However, it’s advisable to shop around in the market and always compare non standard car insurance options in order to find a great deal even with a bad driving record.