Have you been deemed a high-risk driver by a car insurance company? You could be considered high risk for many reasons, ranging from a spotty driving record to causes that are no fault of your own. Whatever the reason you’re given, the result is that you can’t afford to obtain an insurance policy—and that means you can’t drive.
The good news is that insurance for high-risk drivers doesn’t have to be more than you can afford to pay. You can find affordable coverage that fits your needs regardless of your driving record or past decisions if you shop around. At the same time, you can take steps to end your high-risk status and earn lower rates eventually.
Let’s start with an understanding of what it means if you’ve been called a high-risk driver.
Why You Might Have to Get High-Risk Insurance
The many reasons drivers fall into a category where they must obtain high-risk coverage include some that might be totally out of their control. Here are a few leading reasons that explain why you might be identified as a high-risk driver.
- Reckless driving. Maybe it was a matter of mistakes from your past, but a driving record that might have resulted in accidents, speeding tickets, and other violations can seriously impact your car insurance rates.
- Impaired driving. Those with DUI convictions might only be able to obtain high-risk insurance, if any coverage at all.
- New drivers. It’s not your fault you’re young, but it might literally cost you. Drivers who are young or who haven’t been behind the wheel long enough to have established a good driving record might be considered high risk and have to pay more for coverage.
- Spotty record of coverage. Having periods without insurance or letting your coverage lapse frequently can impact your ability to get more affordable car insurance.
- Poor credit. Drivers who have poor credit might be considered unlikely to be able to afford coverage. This can make them high risk (and subject to paying even more for coverage).
- Vehicle choice. A higher risk status combined with a vehicle considered less safe and more expensive to insure can be a bad mix. It can put you firmly into the high-risk category and seriously impact what you pay.
In other high-risk cases, the driver might have made poor driving decisions in the past, but they’ve learned from their mistakes, and their more recent driving records are clean. Whatever your status, it’s critically important that you find and qualify for car insurance that’s affordable and won’t break your budget.
How to “Repair” Your High-Risk Status
What’s fortunate is that there are ways to improve your driving record, lower your risk factor, and earn better car insurance rates from your provider. Here are a few easy tips that could cut what you pay in the long term:
- Take a defensive driving course. If you’ve had a history of car accidents and fender benders, this is one way you might convince your insurer that you can upgrade your driving skills. Call your insurer for details.
- Trade-in your higher-risk automobile for a ride that has a better safety record and lower costs to repair and insure.
- Improve your driving record. Going as little as three years without an accident or moving violation could dramatically decrease what you pay for coverage.
This shows that there are reasonable ways in which drivers can be proactive in lowering their insurance costs.
How Much Does High-Risk Auto Insurance Cost?
Until you can reduce your high-risk status, you can shop carefully to get the best possible deals on your high-risk coverage.
There are multiple factors that help determine what each individual driver will pay for auto insurance. Different car insurers can charge different rates for high-risk insurance. Drivers can pay $565 a year or much more for coverage to carriers that offer it. Some companies don’t insure high-risk drivers at all.
Time is another factor that can bring the price of premiums down. After going for an extended period of time without speeding tickets, car accidents, or reckless driving charges and continuously paying your insurance premiums, your cost for coverage will drop. A clean driving record over time will not only keep you and your family safer, but it will also prove to be easier on your wallet.
How to Get Insurance for High-Risk Drivers
A provider that specializes in high-risk drivers is key for keeping coverage as affordable as possible. Luckily, Freeway Insurance is a national insurer offering affordable car insurance, even for high-risk drivers. You’ll find multiple offices in 23 states: Alabama, Arizona, California, Colorado, Florida, Idaho, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, New York, Oregon, South Carolina, Tennessee, Texas, Washington State, and Wisconsin.
Whether or not you live in a state with a Freeway Insurance office, you can reach us online from anywhere in the U.S. for a quote on car insurance, including coverage for high-risk drivers.