How to Get Car Insurance as a High-Risk Driver
Ways to Avoid Paying Too Much
The best way for a high-risk driver to find auto insurance at a reasonable rate is to get quotes from several different providers. An insurance broker represents several companies and therefore can save you some time. Be truthful about your high-risk status and ask how to improve your chances of paying a lower rate. Consider getting the minimum coverage required by law, but only if you're prepared to pay heavily in the event of an accident. If you can't find a provider, contact your state's insurance commissioner and ask how to obtain insurance for a high-risk driver.
Your status as a high-risk driver doesn't have to be permanent, and knowing why you've been classified that way is essential. A poor driving record is the most common reason. Reckless driving, auto accidents, numerous speeding tickets, and DUI or DWI convictions will tell insurers that you are a bad risk. Credit problems also send up a red flag. If a former insurer cancelled your coverage, it may be hard to persuade a new one to give you a policy. Demographics can also be a factor in determining risk; drivers are sometimes penalized for no other reason than their age or place of residence.
Once you know why you're considered a high-risk driver, find out what it will take to move out of that category. Take the appropriate steps and then contact your insurance agent. With the changes you've made, your insurer should be willing to reconsider your status as a high-risk driver.
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Published by Eliza Wynn
Ellie's hobbies and interests include dogs, music, and spending time with her husband. An avid reader, she has been known to read several books a week; her favorite genres include suspense, horror, paranorma... View profile
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- An insurance broker can save you time and find the best rate.
- Being labeled a high-risk driver doesn't have to be permanent.
- Knowing what makes you a high-risk driver is important if you ever want to change your status.