Have you ever wondered what it means to be a high-risk driver? While there is no standard definition for this common insurance term, generally insurance companies consider individuals with a high probability of accidents and/or infractions as high-risk. Sometimes drivers can be assessed as high-risk due to non-driving factors such as coverage history or vehicle type. Auto insurance for high-risk drivers can be pricier, but it is still important to secure sufficient coverage for your vehicle.
Infinity Insurance Agency, Inc. works with several carriers specializing in high-risk auto insurance. We understand the challenges that accompany non-standard coverages and are here to help you obtain the best car insurance coverage for your unique needs.
Who is considered a high-risk driver?
Insurance companies will typically assess several factors to determine if a driver will be considered high-risk. However, it is important to note every insurer will have different determinations for what risks are acceptable and/or deemed ‘high.’ Common reasons drivers can be classified as high-risk may include:
- A history of multiple traffic violations, accidents, or citations
- A DUI/DWI conviction
- Reckless driving charges or multiple speeding tickets
- A lack of driving experience (a young driver)
- Poor credit history
- A lapse in auto insurance coverage
- Choosing to drive a high-performance or exotic vehicle
If you have been asked by the state to obtain an SR-22 certificate you may also be deemed a high-risk driver. Furthermore, insurance companies may also weigh other non-driving factors such as your location, age, vehicle use, and type to determine your insurance rates. Keep in mind that every state operates differently, so depending on where you live, some factors may contribute more heavily than others.
While being labeled a high-risk driver can be distressing, this distinction will not last forever. Depending on the severity of your violations and where you live, these infractions could remain on your record for anywhere from 3 to 5 years. Generally, the more serious violations the more time insurance companies will want to see pass (without infractions) before they deem you no longer high risk.
Challenges high-risk drivers face in getting insurance
Some insurance companies will not offer options to insure high-risk drivers. Usually, high-risk drivers will be faced with limited coverage options and higher premium rates. As high-risk drivers are seen as a greater liability, insurance companies may see them as more expensive to insure and therefore charge them a higher rate. Some standard insurers may not be suited to insure non-standard, or high-risk drivers. If you have been tasked with obtaining an SR-22 certificate or FR-22, you may need to explore non-standard auto insurance options and/or investigate specific policies with auto insurance companies for high-risk drivers.
How to find affordable high-risk auto insurance
Wondering where to start when seeking cheap auto insurance for high-risk drivers? While it can seem overwhelming to know where to begin, remember that even as a high-risk driver you have options! Similar to securing standard auto coverage, you should shop around and compare quotes from different companies. It may be beneficial to explore a company that specializes in non-standard auto insurance. This is simply another term used by insurance companies to describe coverage for high-risk drivers. Companies that offer this coverage may offer policies with higher premiums due to the increased risk but typically offer the same coverage as standard policies. If you are concerned about an elevated monthly premium, it may be worthwhile to inquire about any relevant discounts offered through your carrier.
Tips to lower insurance rates over time
Looking to save some cash? While insurance rates for high-risk drivers can generally not be lowered immediately, over time, it is possible to take steps that may lead to lower rates.
Utilize any of the following tips to potentially reduce your insurance rates in the long run:
- Maintain a clean driving record
- Take a defensive driving course
- Choose a car that is cheaper to insure
- Increase your deductible to pay a lower premium
- Maintain continuous auto insurance coverage
How Infinity Insurance Agency can help high-risk drivers
Infinity Insurance Agency, Inc. is proud to work with a multitude of insurance carriers who can provide policies to high-risk drivers. Through our diverse carrier relationships, we can offer personalized coverage, competitive rates, and flexible options to accommodate a wide range of driving histories. In addition to a qualified team of fully Spanish-bilingual agents, IIA also offers the capacity to assist with SR-22 filings if needed.
Ready to explore high-risk coverage options with Infinity Insurance Agency, Inc.? Call 1-855-478-3705 today for a free quote!