There are tons of people looking for cheap car insurance for high risk drivers these days. So what exactly does it mean to be a high risk driver? If you are considered “high risk,” then you are a driver that poses more of a risk to your insurance company. Whenever you buy any type of auto insurance, the company that sells you a policy will calculate your overall risk and then decide how much to charge you for your policy. People that have higher risk (e.g. a greater chance of getting into an accident or involved with damages) are going to get charged more for their insurance, while people that have less of a risk are going to pay less on their premiums. As a driver looking to save money and get a good rate on your policy, you will want to do everything that you can to keep your risk low. The truth is that getting cheap auto insurance for high risk drivers is not something that most people will be able to get.
Why It’s Difficult to Get Cheap Insurance for High Risk Drivers
The reason that it’s so darn tough to get cheap car insurance for high risk drivers is because insurance companies are selling insurance to make a profit. If insurance companies were to give out low prices for high risk drivers, they would not stand to make as much money and may even go into debt. Collected data shows that the higher the risk of the client, the better chance they have of getting into an accident and costing the car insurance company to pay for their claim. In this day in age, you won’t find too many reliable insurers that are going to give a good price to drivers that are higher than average risk.
Some Examples of High Risk Drivers
If you are a young driver and you just got your driver’s license, it is going to be fairly tough to get a good deal on young car insurance policies. Sure there are always things that you can do to save money and lower your price, but in general, you carry a higher than average risk. The reason that young drivers carry a high risk is because drivers aged 16 to 25 years are involved in the most accidents each year and this costs the insurance companies a lot of money. Although young male drivers carry a higher risk than females, if you are young, you are going to be classified as carrying a high amount of risk.
Perhaps one of the most unfortunate labels these days is that of a “convicted driver.” Some people get caught driving drunk and it can really damage their reputation as a driver. As soon as the insurance companies find out that one of their customers has been drinking, they may raise the cost of premiums and this may make auto insurance prices seem too high. Getting cheap car insurance for convicted drivers is nearly impossible due to the fact that a conviction (of any type, not just drunk driving) means that you are more likely to get into future trouble with the law. Any convictions raise a red flag in the minds of insurers and you will be viewed as having much higher risk if you fall into this category.
If you are a middle aged driver, then you don’t fall into this category. “Older drivers” refers to people over age 65 that fit into an age group of drivers with relatively high accident rates. Although these drivers are not as risky as young drivers, they are involved with more fatal accidents each year than any other group of drivers (besides young drivers). If you have tried to get low prices on car insurance for older drivers, you probably can get better deals compared to some of the other groups listed here. However, don’t count on getting a very low rate – when you get old, insurance companies know about it and are aware of how aging can impair driving in some cases.
People that are poor drivers (as indicated by their driving record) are going to have a tougher time getting good deals on auto insurance. When you build up a driving history that includes things like speeding tickets, traffic violations, and accidents, you are perceived as a high risk driver. Most of the time, it is going to be difficult to get cheap car insurance for bad drivers until you take the time to lower your risk (e.g. become a “good driver”) by cleaning up some of your bad driving habits. If you consider yourself a poor driver right now, make a conscious effort to clean up your record and over time, you will lower your risk.
How To Get Cheaper Car Insurance for High Risk Drivers
The bottom line is that if you want to get the cheapest auto insurance for high risk drivers, you will need to make sure that you take steps to lower your risk over time. Most individuals that carry a “high risk” are not going to get very good prices/quotes in the auto insurance industry. A few things that you can do in order to make sure that you are keeping your risk low include: following all safety laws, driving cautious, and avoiding all activities that would further increase your risk as an insurance customer. People have been able to lower their risk over time, but it’s something that you’ve got to work on – especially if you want to get the best deal on your car insurance policy.