High Risk Auto Insurance

For high-risk drivers, getting affordable insurance can be tough. It’s possible to get high-risk auto insurance, but in most cases, a person who is considered high-risk will have to pay a lot more money. There are several issues that can cause insurance companies to view a person as a high-risk driver.

What Makes Someone A High-Risk Driver?

Low Credit Score

Insurance companies never used to look at a person’s credit score to determine their insurance rate. However, since insurance companies have found a link between low credit scores and increased insurance claims, a person’s credit score is investigated.

It’s important to understand that most people do not have the best credit score possible, but a person with a really low credit score is viewed as a high-risk driver.

Traffic Violations

It should be pretty obvious that traffic violations count against a person who is trying to get affordable auto insurance. Someone who has many traffic violations is much more likely to get into an accident and file an insurance claim.

Sadly, just a single traffic violation can cause a person to be considered a high-risk driver. In many situations, a person hasn’t received a ticket in years, and suddenly, they make a minor mistake and receive a ticket. An insurance company will still label this driver as high-risk.

Teen Drivers

A teenager is obviously going to be considered high-risk, and the reason why is because they simply don’t have enough driving experience. The maximum amount of driving experience that a teen driver can have is one to two years.

A teen driver is much more likely to get into an accident than someone who has nine or more years of driving experience. A teen driver who has been in several accidents and received many traffic violations might have a very hard time finding affordable auto insurance.

DUI or DWI

Someone who has one of these major traffic violations is considered a high-risk driver. If a person has been convicted of either of these offenses, insurance companies have no choice but to consider this a person a very high-risk driver.

High Risk Insurance

For people who are having trouble finding affordable insurance, high risk insurance is the answer. This is a type of insurance that is tailored for people who have one or more of the issues discussed above. A lot of people who are considered high-risk drivers haven’t been convicted of serious offenses like DUI and DWI.

Many people have received this label because they have bad credit and a couple of traffic violations. It’s very hard for these individuals to find auto insurance that they can afford. By finding a high-risk insurer, people who aren’t horrible drivers can get the auto insurance that they need.

There are several companies that provide non-standard auto insurance, which is basically coverage for people who are considered high-risk drivers. Since insurance is mandatory, people who are considered high-risk drivers must still find quality insurance that they can afford.