High Risk Auto Insurance Tips

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What factors determine if a driver is considered high risk?

Factors that Require High Risk Car Insurance

There are several factors that are considered when determining if a driver is eligible for high-risk car insurance. The number of accidents you have been involved in -- whether they are your fault or not -- is the most obvious one. Your sex, age, and location (urban vs. rural) is also considered.

Carrying auto insurance for a consistent period of time is important since failure to do so implies driving without coverage or a cancelled policy. Even your credit history is examined since people with poor credit tend to file more auto insurance claims.

   
Do car insurance companies classify drivers over age 70 high-risk?

High Risk Auto Insurance: The Over 70 Crowd

The U.S. Department of Transportation reports that drivers over age 70 have more incidents of fatal car crashes than any other group except young drivers (15-20 years of age).

Accordingly, these older drivers qualify for high-risk car insurance due to their increased chance of having an accident that is their fault. Many states have placed restrictions on older drivers' licenses, including daylight hour limitations and non-freeway highway access only.

These same restrictions can be placed on anyone's license if medical conditions are present that warrant it. One way older drivers can save on their car insurance is to select higher deductibles on their collision and comprehensive coverage.

   
How can I avoid paying the costs associated with a high-risk car insurance rating?

How to Eliminate a High-Risk Car Insurance Rating

Time is the first way to eliminate a high-risk car insurance rating. Most states consider a driver with a clean driving record for three consecutive years as a good risk.

To help lower costs associated with a high risk car insurance rating now, drive an older car and drop comprehensive and collision coverage. You should also try to clean up your credit history by budgeting your spending and paying bills on time.

Purchasing your car insurance online will help you to comparison shop between several car insurance companies at the same time. You could save a considerable amount of money.

   
Do car insurance companies classify drivers under age 20 high-risk?

High Risk Auto Insurance: The Under 20 Crowd

The highest rate of fatal car crashes among licensed drivers relative to other age groups (including the elderly) occurs in the 15-20 year old age group. Auto crashes are the leading cause of death in the 15-20 year old age group as well.

Many states are enacting laws to help lower these statistics, including enacting lower Blood Alcohol Content (BAC) limits and requiring completion of a more demanding training program before granting full driving privileges. Not surprisingly, many younger drivers qualify for high-risk car insurance due to their increased chance of having an accident that is their fault.

One way younger drivers can save on their car insurance is to select higher deductibles on their collision and comprehensive coverage.

   
When does a car owner qualify for SR-22 insurance?

High Risk Auto Insurance: SR-22

If your license has been suspended or revoked, an SR-22 liability car insurance policy is required in most states for your license reinstatement to be approved. In some states, drivers are required to carry SR-22 liability car insurance for a period of up to three years.

Auto insurance companies that issue SR-22 liability car insurance to drivers are required to report to the department of motor vehicles if the policy is cancelled, terminated, or lapses.

   

High Risk Auto Insurance Quote Information

Auto insurance is required for everyone, and even if you are looking for auto insurance for high risk drivers you can still do some price shopping, as high risk auto insurance quotes can vary in price the same as regular personal auto insurance quotes. Cheap high risk auto insurance is not impossible to find, but it is much less common than a regular auto policy because high risk (or SR-22 insurance) is mandated by the court and therefore is more expensive than normal liability insurance. Even if you have to have more expensive insurance, that doesn't mean you have to find the most expensive company. Getting a high risk auto insurance quote online can find you the least expensive high risk auto insurance available.

Car insurance for high risk drivers is really important to have because of the court mandate. If a driver is required to have high risk car insurance and he or she does not have it for the next court appearance there could be a fine or worse attached to not following the orders of the court. Since you can't go without it, high risk auto insurance quotes are important because you need to find the cheapest car insurance for high risk drivers.

   
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