If you are under 25 years of age, you will be considered a high risk driver. Insurance companies are very aware that people in this age group are more likely to be involved in accidents, and they charge higher rates for coverage as a result.
A young person who is doing well in school by maintaining a B average or better may qualify for a discount on the cost of his or her Virginia car insurance coverage. Being added to a parent’s car insurance policy as a secondary driver may be more affordable than buying an individual policy.
People who have poor driving records because they have been involved in accidents or have a record for a DWI or DUI offense are also considered high risk for car insurance purposes. Depending on the number of incidents on the record, the driver may need to seek coverage from an insurance provider who specializes in this part of the market. Rates for this type of coverage can vary between providers, and shopping around is key to getting the best insurance rates.
For drivers who are unable to arrange coverage from any other source, the Virginia Automobile Insurance Plan (VAIP) can help. The VAIP will assign a driver to one of the insurance companies licensed to do business in the state, and this option ensures that the high risk drivers are shared equally among all providers.