How to Find Cheap High Risk Auto Insurance
By: Good2GoPublished: April 21, 2014
High Risk Drivers Need Car Insurance Too
If you’ve been classified as a high risk driver, you know how costly and difficult it can be to find affordable car insurance. Some car insurance companies may not insure you or make it so expensive that you can’t get the coverage you need. At Good2Go, we specialize in providing auto insurance to high risk drivers. Just because you’re high risk doesn’t mean you don’t deserve quality, affordable auto insurance. In this post, we highlight a few tips to help you find cheap car insurance if you’re a high risk driver.
What is a High Risk Driver?
Drivers are often classified as high risk if they have a less-than-perfect driving record. In many cases, this comes from multiple traffic violations ranging from simple parking tickets and speeding to more serious infractions like DUIs/DWIs. In short, auto insurance companies consider you a “bad driver” now, which can result in you paying higher insurance rates than other motorists. Being a high risk driver is reflected in increased insurance premiums because you cost more to insure since you are more likely to get into an accident or commit a traffic violation. Insurance companies will also look at your driving record over the last 12 months for accidents or tickets, and these infractions will be weighed more heavily against you than any traffic incidents from five years prior.
Another factor that can sometimes affect how much you pay for auto insurance is age. Newly licensed drivers or those who are 20 years old or younger are high risk because they are inexperienced behind the wheel. On the other end of the spectrum, drivers who are 70 years old or older are sometimes also considered high risk because they are slower to physically and mentally react to potential accidents. Learn more about which age group has the most high risk drivers by checking out our blog post from last week.
Other factors that can affect your classification as a high risk driver include:
- Owning sports cars, highly modified cars, expensive and/or rare vehicles
- Having a poor credit score or credit history
- Having multiple insurance claims
- Dropping and re-starting your policy multiple times
- Living in a high risk area
How to Lower Your Car Insurance Premiums
Most high risk drivers aren’t aware that they can get car insurance without paying an arm and a leg. Before you start shopping for affordable car insurance rates, check your driving record first. Find out exactly what’s on your driving record by calling your local Department of Motor Vehicles (DMV). Ask about the details of any violations so you can set the record straight if it’s incorrect or find out how you can pay any outstanding fines.
You can also improve your driving to get out of the high risk group by taking advantage of auto insurance discounts for defensive driving courses. Find where there are approved courses in your area. If you complete these courses and pass, not only will you become a better driver, but you may also be eligible to receive a Defensive Driving Discount from Good2Go. Check back for more details.
You may also want to consider cleaning up your credit score. Your credit history goes into your high risk auto assessment and a good credit score can qualify you for specific plans. The U.S. government allows you to receive a free annual credit report from each of the 3 major credit reporting companies. You can correct mistakes in your credit history such as inaccuracies regarding addresses you’ve lived in, places where you were not employed, or bankruptcies over 10 years old. You can also spot identity theft early on and get it resolved quickly. If you have any outstanding balances on credit cards or have numerous loans, take steps to pay them back.
One of the first questions an auto insurer will ask you is “how many miles do you drive?” That’s because the more miles you drive, the greater the chances of getting involved in an accident. A person making a daily commute of 50 miles every workday is much riskier than someone that only drives 1 mile on the weekend to pick up groceries. If you can reduce the amount of miles you drive, then you’re making yourself less of a risk and may receive a lower rate on your auto insurance.
You may also be able to lower your auto insurance premiums by trading in your car for a model that has added safety features. Since sports cars, classic cars, and heavily modified cars may classify you as a high risk driver, maybe it’s time to trade in your DIY turbo-charged Toyota Celica with the half-painted body kit and giant wing on the back for a more sensible Honda Civic. Check out the Safest Small Cars of 2014 to get an idea of the kinds of safety features recommended by the IIHS that you should be looking for.
All the safety features in the world won’t help you if you don’t change your driving behavior. If you keep a squeaky clean driving record for three years, it may result in a decrease in your car insurance premium. Make sure you don’t receive any parking violations and definitely any moving violations. However, if you do get pulled over by an officer you can follow these 4 tips to help you get out of a traffic ticket. A little politeness, honesty, and knowing when you can exercise your rights can go a long way to keeping that driving record spotless.
Protect yourself affordably with Good2Go.com auto insurance and get cheap high risk auto insurance today.