If you’re classified as a high-risk driver, finding car insurance can be a hassle. Some insurers deny insurance to high-risk drivers, while others simply choose to charge very high premiums. No matter which insurance company you choose, you will get high rates. However, every insurance company is different, so you should look for the best rate.
There are several factors that can contribute to a driver’s classification as high risk. However, your driving record is the most important factor in determining your risk status. If you’ve had multiple accidents in one year or two to three years, those incidents will affect your record even if it’s not your fault.
Several factors that can contribute for Car Insurance
If you are involved in some kind of accident, you can consider yourself a reckless driver who likes to get into dangerous situations. Also, if you have received multiple speeding tickets, it also increases your risk of a car accident. You could be labeled a high-risk driver simply by the number of tickets you’ve received.
There are also some personal factors that lead to a high risk label. Unfortunately, many of these factors are beyond our control. Men are generally more esteemed than women, and those who live in cities are more esteemed than those who live in the countryside. If you live in the city, you will pay higher car insurance premiums than if you live in the suburbs or the countryside. Also, drivers with new cars pay higher premiums than drivers with older cars.
Cedit history can affect your car insurance score
Unfortunately, even your credit history can affect your car insurance score. Those with bad credit ratings often pay higher premiums than those with better credit scores. Whether you are covered by your auto insurance is also a factor. If there are gaps in your coverage, they will assume you drove without insurance. As driving without insurance is very unsafe and also very illegal, insurers take this into account when considering their rates.
While it may take several years of clean driving to clear the high-risk driver label, it can still be done. Three years is the industry standard for reassessing a driver’s safety status. If you have a clean record for three years, you can return to lower premium benefits.
However, three years of high premiums can add up quickly. If you’re a high-risk driver, there are still ways to lower your insurance payments. With a little research, you can reduce your payments by the same amount.
Free online quotes
There are many car insurance companies that offer free online quotes. Instead of meeting with a salesperson or playing phone call with an agent, Internet sites will provide you with an offer in minutes. This makes comparison shopping easier than ever.
There are even websites that will find a list of quotes for you. Sites like Netquote.com allow you to enter all of your information once, rather than repeating the process for every insurance company you search. Netquote will generate a list of rates organized in an easy to read manner. This process can take a few days, but the results are often worth it.
Working on a clean driving record is the best way to ensure you get the best car insurance rates. Avoid congested areas if possible and be sure to slow down in low speed zones. Be mindful of your surroundings and take your time, and you may be able to lower your rates.
Important decision for anyone on the road
Taking out car insurance is an important decision for anyone on the road today. With many drivers on their cell phones, eating fast food and even watching TV while driving, it’s not uncommon to find yourself in a “mudguard” or a serious accident. Having car insurance can make these trials less stressful for you and your family.
Car insurance, in plain English, protects you and your family financially if you have a car accident. You have a contractual agreement with your car insurance company. If you pay the agreed premium on time, the car insurance company will cover your losses in the event of an accident.
Car insurance is usually made up of these three specific types of coverage: property coverage, liability coverage, and medical coverage.