Have you recently been shocked by an insurance quote and wondering why your rates are so high? It could be that the insurance companies see you as a high-risk driver. If this is the case, your auto insurance premium will be higher than you might be expecting. So, who is a high-risk driver? There are several factors that can throw you into this category, including a DUI, accidents and even a lapse in coverage.
Read on to learn more about auto insurance for high-risk drivers and how the various factors used to determine your premium can affect your rate.
Factors Contributing to Higher Premiums for High-Risk Drivers
As stated, there are a few ways you can find yourself faced with having to purchase auto insurance as a high-risk driver. Usually, these factors have to do with your driving history and habits. Let’s take a look at each and how your rate can be affected.
DUI
Driving under the influence is on the top of the list of the most serious driving offenses you can be charged with. As soon as a potential insurer sees a DUI, your rates will increase. Because of a DUI, you’ll probably have to file an SR-22, which helps the state keep tabs on you and to make sure you have at least the minimum auto insurance coverage.
New Drivers
This may not be a surprise. Young or first-time drivers lack experience that often leads to increased accidents for this group. Insurance companies have data to back this up and will charge accordingly.
Lapse in Coverage
Lapses in coverage can happen. Perhaps you sold your car and took some time to get a new one. When you try to get new insurance coverage, you may notice a big jump in your rates. The good news is that you should get back to normal rates in a reasonable amount of time, assuming you keep your record clean of course.
Other Driving Offenses
Serious driving offenses that can increase your car insurance premiums include, hit and run accidents or excessive speeding. While you’ll see an increase in rates for these offenses, you’ll also likely be facing some kind of criminal violation for serious driving offenses.
What Can You Do About Insurance for High-Risk Drivers?
You can take control of your car insurance by working to improve your risk profile with insurance companies. Here are a few things you can do:
- Take a defensive driving class
- Have a low-risk driver add you to their policy
- Don’t drink and drive
- Don’t get traffic violations!
While it may take time, by cleaning up your own driving record, you can save money.
Another way to get the best premium for your budget is to shop around and compare rates. It is recommended that you get several quotes from multiple insurance carriers to really find the best deal.
The InsuranceWins auto insurance form is a great place to start. With a little bit of information, you can start receiving quotes from well-known insurance companies and find one that fits your budget. Get started now!
