How to Find the Best Car Insurance for High-Risk Drivers

How to Find the Best Car Insurance for High-Risk Drivers

The cost of car insurance for high-risk drivers is higher than that of safe drivers. We checked out some car insurance rates, and it turns out that, on average, safe drivers in the U.S. are paying around $1,547 a year.

High-risk drivers are looking at an average annual auto insurance cost of $2,995. That’s what we found when checking out the rates.

Being a safe driver doesn’t only secure your life and that of other road users; it also helps you save money.

If you’re considered a bad driver, your insurance rates are noticeably higher compared to safe drivers. But don’t worry; being in that category is not a death sentence and doesn’t mean you’re out of options.

All insurance companies don’t work in the same manner. They assess customers’ risks in their own ways. Therefore, doing proper research on different companies and shopping around could lead you to affordable car insurance, even if you’re considered high-risk.

Spotting high-risk drivers

Being a high-risk driver means putting yourself and other road users at risk. Finding cheap insurance can be tough for high-risk drivers due to their higher likelihood of accidents and claims. It’s a challenge many face in this situation.

Our team met Amelia, a high-risk driver in California. She shared her experience with the difficulty she encountered while finding insurance. We decided to share it here so that everyone can learn.

Amelia, a spirited young driver with a need for speed, ended up caught in the stressful process of getting insurance as a high-risk candidate.

Her past accidents and traffic violations haunted every interaction with insurance companies, turning the quest for coverage into a nerve-wracking ordeal. Rejections stacked up, leaving Amelia on edge, fearing the financial consequences of being without protection.

Late nights turned into a quest, scouring through policies, decoding jargon, and facing the harsh truth that insurance premiums were skyrocketing beyond what Amelia could afford.

In the relentless pursuit of coverage, time became a critical factor. As stress peaked, a small agency specializing in high-risk drivers threw Amelia a lifeline, finally offering the elusive safety net she desperately sought.

What makes you a high-risk driver?

Insurance companies label drivers as high-risk when they see a greater likelihood of car accidents. Furthermore, there are certain criteria that they use to add someone to the high-risk category, including:

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1. Age of the driver

Being under 25 means less driving experience, making younger drivers more prone to accidents. If you fall into this age group, insurers typically consider you high-risk to insure.

As a high-risk driver in this age category, you will pay a higher premium rate. But as you grow older and become more experienced on the road, your premium cost will begin to reduce.

2. Your driving history

So, here’s the deal: if you’ve got some traffic fines on your record, brace yourself because your insurance premiums might just increase more than the average national rate. And, oh, DUI or DWI convictions? Yeah, those are like red flags for insurers, making you a high-risk driver and shooting those premiums even higher. It’s the not-so-fun side of the driving world, unfortunately.

3. Your location is an important factor

Your address is more than just a spot on a map; it’s a risk factor for your insurance. If you find yourself in an area where traffic jams and accidents are like daily companions, brace yourself for potentially higher premiums. Insurance providers take a good look at the local driving scene and accident rates to figure out how risky your neighborhood is. It’s like your location becomes part of the insurance risk assessment.

4. At-fault accidents

Were you involved in at-fault accidents? Yeah, your insurer takes those as a sign that maybe, just maybe, they’ve got an unsafe driver on their hands. It’s like a warning light on your driving record.

5. Your credit history

Guess what? In California, Hawaii, and Massachusetts, they don’t let insurance companies use your credit score to determine your rates or risk level. But in other states, having a low credit score might just tag you as high-risk. Why? Well, statistics say individuals with lower credit scores tend to be involved in accidents more often than those with high credit scores.

6. Abandoned insurance

Ever canceled or ghosted on paying those premiums? Brace yourself, because when you decide to reapply, there’s a good chance you’ll be paying more money for insurance. It’s like a financial aftermath for past insurance escapades.

Can you be denied car insurance for being high-risk?

Usually, if an insurer turns you down for a policy, it might become difficult to get coverage elsewhere. However, because every driver needs vehicle insurance, the industry can’t stand on your way to getting insured. You have some insurance options.

High-risk car insurance companies

Auto insurance companies for high-risk drivers offer coverage for individuals with diverse profiles compared to standard insurers. Some may charge higher rates or opt not to renew coverage for high-risk drivers after expiration. This is done to maintain lower premiums for low-risk drivers.

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Insurance companies that deal with high-risk drivers might give you a better deal because they focus on insuring drivers in this category. They’re aiming to assist drivers in rebuilding a solid driving record.

Top tips for getting cheap car insurance for high-risk drivers

In many U.S. states, having car insurance is a must. You can’t drive without it. So if you find yourself labeled as a high-risk driver with high insurance rates, you might need to make some compromises to fit your monthly budget.

The top tips for finding cheap car insurance for high-risk drivers include:

1. Consider choosing a higher deductible

As an insurance expert with several years of experience, I can tell you that increasing your deductibles is a proven way to reduce your premiums since the insurance company covers less in case of an accident. However, before you commit to increasing your deductibles, take a moment to ensure that you can comfortably manage that extra amount if the time comes to file a claim in the event of an accident.

2. Compare quotes from different car insurance companies

For high-risk drivers, it’s wise to seek out a trustworthy insurer that specializes in high-risk drivers. Since these insurers approach risk in various ways, take the time to compare quotes from different companies and find the best fit for you.

This was my experience comparing quotes from different insurers:

So, I was annoyed with my car insurance premiums, and I thought, “Why not check out some other quotes?” Well, it turns out, I stumbled upon a better deal with sweeter coverage, and bam, I switched providers. And guess what? Those savings came to the rescue when my car decided to surprise me with a random repair. The moral of the story? Comparing insurance options is a total game-changer for me!

3. Shop around

Taking the time to shop around and compare insurance deductibles and premiums is totally worth it. Before you sign up, do your homework to find the best deal. Ensure that the coverage is best for  insurance needs.

4. Evaluate the most important services

While many insurance contracts come with additional services, keep in mind that these extras often come with an added cost, even if they seem bundled with the package.

Before buying car insurance, take a minute to think about what extra services you really need—like roadside assistance or legal protection. Sure, they might increase your premium a bit, but ask yourself if the peace of mind they bring is worth the cost, especially when you factor in your driving style. 

Don’t just assume; take a good look at your risk tolerance and driving habits to strike the perfect balance between coverage and what fits your budget.

5. Consider less coverage

Some states in the U.S. make it mandatory for drivers to have minimum insurance coverage. It’s the law.

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For high-risk drivers trying to save on car insurance, here’s a straightforward move: consider cutting down on coverage. Instead of the all-inclusive deal with comprehensive coverage that shields your car in various situations, go for just liability coverage.

This type focuses on damages you might cause to others in an accident, but it won’t cover your own car. It’s a trade-off for a more budget-friendly insurance option.

6. Evaluate your eligibility for potential discounts

If you’re a high-risk driver aiming for affordable car insurance, first see if you qualify for discounts. Look into your driving record, consider completing defensive driving courses, or bundle your policies. These actions can get you car insurance discounts and reduce your overall insurance rates.

7. Carefully review the policy before signing

Don’t sign that car insurance policy without a solid review. Check out the details—know what’s covered, watch for any extra fees, and catch any exclusions that might mess with your coverage. It’s not just about finding discounts; it’s like getting the inside scoop on how claims work. Take the time. Make smart choices about what works for your budget and coverage needs.

8. Reevaluate and renegotiate your car insurance annually

Every year, give your car insurance a checkup. If your driving’s improved or life’s taken a positive turn, you could score lower premiums. And don’t be shy—shop around and get quotes from different insurers. It’s the key to saving money and getting the best coverage for where you’re at right now.

Top Ways to Improve Your Driving Record

Auto insurance for bad drivers is expensive. One way to reduce it is by improving your driving history. But how do you improve it? Here are four ways:

  • Obey traffic laws: Make sure you’re sticking to speed limits, traffic signals, and all those road rules. Don’t forget to use your turn signals, give way when needed, and show some love to those pedestrian crossings. Following these laws isn’t just about staying safe – it also keeps your driving record looking good!
  • Defensive driving courses: Enrolling in defensive driving courses can provide valuable insights into safe driving practices. These courses often cover topics such as hazard awareness, accident prevention, and responsible decision-making on the road. Completing such a course may even lead to lower insurance premiums.
  • Regular vehicle maintenance: Proactive vehicle maintenance is crucial for safe driving. Regularly check and maintain your brakes, tires, lights, and other essential components. It’s not just about avoiding breakdowns; it also adds to the safety vibe on the road.
  • Avoid distractions: Commit to focusing solely on driving while behind the wheel. Minimize distractions by refraining from activities like texting, talking on the phone, or adjusting in-car entertainment systems. Staying attentive enhances your ability to react to unexpected situations on the road.

Take Action to Find the Best car Insurance for High-Risk Drivers

If you’re trying to make high-risk driver’s insurance more affordable, here’s the plan: take defensive driving courses, keep your record clean, and add some safety features to your ride.

On top of that, check out different insurance providers, compare rates, and hunt for discounts – it’s the secret sauce for cutting costs. So, by making these moves, not only do you improve your driving skills, but you also show you’re responsible, and that’s the ticket to giving those insurance premiums a positive boost.

Take charge of your driving future! Discover the Best Car Insurance for High-Risk Drivers—get a quote now and drive confidently with coverage that understands your needs. Your journey to better insurance starts here!

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