Shopping for high risk car insurance
Car insurance offered to high-risk drivers is also known as high-risk car insurance. The risk level of the drivers is calculated based on different factors such as driving record, credit history, type of car, age, etc. High-risk car insurance is also known as non-standard car insurance. When you apply for car insurance every car insurance provider assesses your risk factors before deciding car insurance premium. Most car insurance companies do not provide car insurance policies to high-risk drivers. But there are some small car insurance providers in the USA that provide car insurance policies to high-risk drivers. Insurance policies offered to high-risk drivers are non-standard or high-risk car insurance policies and charge higher car insurance premiums on non-standard car insurance policies.
What are high-risk drivers?
There are several factors that determine the risk level of the drivers. Drivers who have violations or accidents in driving record, DUI, bad credit record, teen drivers, etc. are considered to be high-risk drivers.
Who needs high-risk car insurance?
Car insurance providers review your driving record before providing a car insurance policy. Following are the drivers who need to purchase high-risk car insurance policy:
1. Drivers with DUI
Drivers with DUI in the past 3-5 years driving records are high-risk drivers for car insurance companies. They need to purchase a high-risk car insurance policy.
2. Drivers with violations and accidents in driving record
Car insurance companies consider those drivers are high-risk drivers who have violations and accidents in their driving record. Violations or accidents in the driving record will increase your car insurance premiums. Car insurance companies assess 3-5 years of driving history of the drivers to calculate the car insurance premiums. If the drivers have accidents or violations in the driving record of the past 3-5 years then they need high-risk car insurance.
3. Teen drivers
Teen drivers are high-risk drivers for car insurance companies because they are more likely to cause accidents. Car insurance rates are also higher for teen drivers than people of age more than 21.
4. First-time drivers
Car insurance companies consider first-time drivers are risky and likely to cause more accidents than experienced drivers. So car insurance companies charge higher car insurance premiums from the first time drivers. They need a high-risk car insurance policy because they have no driving record to show to car insurance providers.
5. Drivers having a lapse in insurance coverage
Drivers having a lapse in insurance companies also need high-risk car insurance. These drivers are considered high-risk drivers by car insurance providers because it is against the law to drive a car without car insurance in all the states of the USA. Car insurance companies charge higher car insurance premiums from those who do not have a consistent insurance history.
6. Drivers with a poor credit record
High-risk car insurance is also provided to the drivers who have a poor credit record. Drivers with poor credit records are high-risk drivers because they are more likely to file insurance claims than drivers with good credit records.
Suggested Post: Tips for the teen drivers to stay safe on the road
How to lower your risk rating?
High-risk drivers can lower their risk by defensive driving courses. Risk can also be reduced by maintaining a good driving record. Young drivers can also lower their car insurance premiums by obtaining good grades because car insurance companies offer a good student discount.
How to purchase a high-risk car insurance policy?
Rates of car insurance are high for high-risk drivers. Drivers who file more claims are also high-risk drivers for car insurance companies. The best way to find the cheap high-risk car insurance policy is to compare car insurance quotes from different car insurance companies. High-risk drivers should compare at least 4-5 insurance quotes from different car insurance companies. MyMoneyMyQuotes team provides free online car insurance quotes to get the best car insurance policies to high-risk drivers. High-risk drivers can contact independent brokers to find the best car insurance policy. You need to apply to get insurance quotes from an independent broker. You can compare the rates of different car insurance companies to find cheap car insurance for high-risk drivers.
High-risk drivers can reduce the cost of car insurance by bundling insurance policies. High-risk drivers can bundle homeowner insurance, renters, and car insurance policy to get discounts on the car insurance policy.
Compare car insurance quotes for free at MyMoneyMyQuotes.com. The free insurance quotes provided by MyMoneyMyQuotes.com allows you to compare insurance quotes easily and choose the best insurance policy according to your need.