Getting High Risk Auto Insurance

High-risk auto insurance works a lot like regular car insurance, but it usually costs more. Insurers see some drivers as more likely to file claims, which is why they charge higher rates to balance that risk. If your driving record has a few bumps, including a DUI, you might need non-standard or high-risk insurance. This type of coverage is designed for people facing higher premiums and tougher approval processes. While many insurers prefer drivers with clean records, Acceptance Insurance is committed to helping everyone find affordable high risk auto insurance that fits their budget.

The cost of high-risk car insurance can really differ depending on your personal situation, but it’s usually more expensive than a standard policy. How much you end up paying depends on your driving history, the coverage limits you pick, and how your insurance company evaluates risk. On average, high-risk drivers might pay around $2,802 per year, which breaks down to about $234 a month. That’s roughly $1,164 more per year than someone with a clean driving record.

Several factors can lead someone to need high-risk car insurance, including:

• Drivers with a DUI: Those with a DUI often need to file an SR-22 form to prove they have the minimum required insurance coverage.
• Inexperienced Drivers: Young or newly licensed drivers are considered inexperienced and therefore a higher risk for insurers.
• Drivers with Multiple Infractions: Having several traffic violations or at-fault accidents within a short period can raise your risk level.
• Drivers with Poor Credit: A poor credit history can also classify drivers as high-risk, as they are seen as more likely to file claims.

Insurance companies calculate risk using a variety of methods and data to determine the likelihood of a claim being filed. Here’s a breakdown of some of the factors taken into consideration:

• Driving History: Previous accidents, speeding tickets, and DUIs can significantly impact your risk assessment.
• Age and Gender: Younger and less experienced drivers, especially males, are often seen as higher risk.
• Vehicle Type: Certain cars and trucks are associated with a higher incidence of accidents or theft, increasing risk.
• Location: Living in areas with high traffic or crime rates can also affect your risk profile.

Keeping these factors in mind is essential when evaluating insurance options!

Insurance for high-risk drivers can be found through various insurers, including specialized non-standard insurers like Acceptance Insurance. We understand the unique challenges faced by high-risk drivers and work to provide policies that fit your needs and budget. It’s important to shop around, compare quotes, and talk to an insurance agent about your situation to find the best coverage options.

Saving on an auto policy when you’re a high-risk driver can be challenging, but there are several strategies you can use to lower your premiums:

1. Improve Your Driving Record: Avoiding accidents and traffic violations can gradually improve your driving record. Over time, this can help lower your insurance rates as you demonstrate safer driving behavior.
2. Take a Defensive Driving Course: Completing a defensive driving course can sometimes qualify you for discounts, as it shows insurers that you’re committed to becoming a safer driver.
3. Shop Around and Compare Quotes: Different insurance companies offer varying rates for high-risk drivers. Comparing quotes from multiple insurers can help you find the best price for your coverage.
4. Choose a Higher Deductible: Opting for a higher deductible can lower your monthly premiums. Just be sure you can afford the deductible amount in case of an accident.
5. Look for Discounts: Many insurers offer discounts that can help reduce your premiums. These might include discounts for bundling multiple policies, having safety features in your car, or being a loyal customer. Make sure to ask about all available discounts that could apply to you.
6. Adjust Policy Limitations: Consider adjusting your policy’s coverage limits and deductibles. For example, if you have an older car, you might reduce or drop comprehensive and collision coverage, which can significantly lower your insurance costs.
7. Maintain Continuous Coverage: Gaps in insurance coverage can increase your rates. Keeping continuous coverage can help prevent your premiums from going up.
8. Consider a Usage-Based Insurance Program: Some insurers offer usage-based programs that track your driving habits. If you drive safely and less frequently, you could qualify for lower rates.

By taking these steps and exploring all available discounts and policy adjustments, you can help reduce the cost of a high-risk auto policy and potentially save money on your insurance premiums.

High-risk insurance is typically associated with increased premiums. Those who have a high-risk auto insurance policy can pay anywhere from 35% to 69% more than a person who’s not considered high risk. The amount of the increase depends on the type and number of infractions.

• DUI – If you have a DUI conviction on your driving record, it’s not uncommon to see your rates double.
• Multiple tickets for speeding or moving violations – People who get several tickets in a short period of time shouldn’t be surprised when their insurance increases by up to 35%.
• Bad credit – Bad credit often increases premiums to offset the risk. Some insurance agencies charge up to 69% more for individuals with poor credit scores, especially those below 600.