How Can I Find Affordable High-risk Auto Insurance Coverage

Finding affordable high risk auto insurance coverage can be challenging. If you have been classified in this category, you still have options, though. Making a point of getting quotes from different providers before buying a policy is a good strategy for all auto insurance buyers, but in the case of non-standard coverage it is even more important to consider your options carefully.

Not all auto insurance providers will offer to extend coverage to a high-high risk driver, and those which will take on this level of risk tend to charge much higher rates for it. There are auto insurance companies which specialize in serving this niche market, and this may be your best bet for finding the affordable coverage you need.

High-risk Driver Rating

You may be classified as a high risk driver if any of the following circumstances apply to you:

  • Young or newly-licensed driver
  • Male
  • Gaps in your auto insurance coverage history
  • Poor credit
  • Driving history which includes a number of accidents (at fault or otherwise)
  • DUI (Driving Under the Influence) or DWI (Driving While Impaired) charges
  • Living in an area where multiple claims have been reported

If your driving history shows a number of moving violations, the auto insurance company determines that you are more likely to be involved in an accident. In a situation where you have been charged with a DUI or DWI, you are automatically considered a high risk for auto insurance purposes and you can expect to pay more for your coverage for several years after your driving privileges have been reinstated. Other driving offenses which will lead to higher auto insurance rates for at least a year following the event include:

  • Reckless driving
  • Hit and run
  • Negligent vehicular injury
  • Driving under the influence of drugs

Shop Around for Lowest Rates for High-Risk Coverage

If you have been classified as a high-risk driver for auto insurance coverage, start your search for affordable coverage by approaching your current provider. Your rates will go up but you may be able to stay with the same company. If the company will not provide coverage or the rate is too high, then you can start looking at other providers.

Going online is an effective way for you to find companies willing to provide high risk auto insurance to drivers. Conducting a search for “high risk auto insurance” (with quotation marks) and the name of your city will provide you with links to insurers who are willing to write policies for high risk drivers.

You can save more on your coverage by considering the level of protection you need carefully. It’s a good idea to review your coverage at least once a year to make sure that you are not paying for extra items which add to your coverage costs. You will be paying more for your coverage as a high risk driver, and you should make sure that you are well covered without adding to its cost.