Cheap Auto Insurance That Are Suitable for High-Risk Drivers

Being a high-risk driver could add significantly to your monthly expenses since many drivers are required to purchase auto insurance. Therefore, comparing rates to find the best deals is crucial in such a scenario.

Finding affordable auto insurance for high-risk drivers requires a thorough approach from insurance experts, starting with essential factors, including average annual prices, policy availability, discounts, and more.

Cheapest High-Risk Drivers’ Auto Insurance

High-risk drivers have a more challenging time finding affordable auto insurance because insurers believe they are more likely to engage in unsafe driving practices and submit more claims than low-risk drivers.

While the average decent driver spends $545 per year for the bare minimum of coverage and $1,771 for comprehensive coverage, high-risk drivers typically pay more.

Low-Cost Auto Insurance for Drivers Who Cause Accidents

Car insurance companies frequently charge more for coverage following an accident for which a high-risk driver is at fault. However, the ultimate sum may depend on the seriousness of the accident and the amount paid out in a claim.

Why Is a Driver Considered High-Risk?

When determining whether a driver will submit additional claims in the future, insurance firms consider their driving, claim, and insurance histories. Several elements include:

  • Having bad credit: Drivers who have bad credit are more prone to make claims. Due to this, even though it is prohibited in some places, insurance companies frequently consider bad credits when determining insurance prices.
  • Hit and run: Fleeing an accident after causing it is referred to as “doing a hit-and-run” and may result in legal action. As a result, car insurance companies are inclined to view drivers with hit-and-runs on their records as high-risk drivers.
  • Exceeding the speed limit: Driving at incredibly high speeds leaves less time for course correction and adjusting for potentially hazardous conditions. Therefore, an insurance company may consider a driver particularly high-risk if they travel at speeds of at least 15 mph over the posted limit.

How to Avoid Becoming a High-Risk Driver?

You may keep a spotless driving record by exercising caution while driving. Some of the best driving practices include:

  • Early departure: Give yourself as much time as necessary to go where you’re going, if possible. Before you go, check the current traffic to see if there are any accidents or traffic snarls on your route so you may be well-prepared.
  • Keeping a safe speed limit: You can have more time to anticipate problems around you and respond to drivers if you don’t speed. Increasing distance and securely changing lanes using your turn signals and mirrors are two good driving practices.
  • Take into account pardoning accidents: If your insurance provider offers it, think about getting accident forgiveness. Your first accident is exempt from the surcharge with this addition. Losing the excellent driver discount without incurring an additional cost may still prevent you from paying higher premiums.

Bottom line

High-risk drivers can find affordable auto insurance. But, first, you must know where to look. For example, a teenage driver may save money on auto insurance by enrolling under a parent’s coverage. In addition, many insurance companies provide discounts for maintaining good scores and operating vehicles with low-risk ratings.

Duane Weber Insurance, Inc. Can Help You Get the Desired Auto Insurance!

Knowing why auto insurance is expensive for high-risk drivers and how you can counter this is necessary. If you are looking for auto insurance, contact our team here at Duane Weber Insurance, Inc. today to explore your options. Our agents will help you get the best auto insurance you need.