LOS ANGELES, Feb. 10, 2022 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has launched a new blog post that presents some important details about high-risk car insurance and what drivers need this coverage.
For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/what-is-high-risk-car-insurance-and-who-needs-this-policy/
Not all drivers have perfect driving records. However, all drivers need reliable insurance. High-risk car insurance, also known as non-standard car insurance, is a type of policy that is available to high-risk drivers. Insurance companies label some drivers as high-risk drivers because they believe these drivers are more likely to file a claim than drivers who are labeled as low-risk or mid-risk. Drivers can be labeled as high-risk for various reasons. On average, high-risk drivers usually pay around 25% more for their policies. Some insurance providers will even deny insuring some high-risk drivers because the risk is too great.
Drivers might be considered to be high-risk if they fall into any of these categories:
- Persons convicted for driving without a valid license. Most states classify driving without a license as a misdemeanor. The fines for this offense are ranging from $100 to over $1,000. Some providers will offer a second chance to drivers caught driving without a valid license and will accept to cover them again after getting a valid license. However, these drivers will be considered high-risk and will have to pay more for their premiums.
- Drivers who got involved in one or more accidents. Drivers who got involved in a single accident will not always be classified as high-risk drivers. That's not the case when it comes to new drivers and drivers who accumulated multiple tickets. For these drivers, a single accident is enough for providers to classify them as high-risk. Furthermore, drivers who are involved in multiple accidents within a short period will also be classified as high-risk.
- Drivers who got multiple tickets. Drivers who got multiple speeding tickets are considered high-risk. Many states offer speeding drivers the possibility to remove the speeding ticket from their records if they take a defensive driving course. However, in some states, drivers who receive multiple moving violations in one year might not qualify to take the driving class.
- Drivers convicted for DUI. These drivers are almost automatically considered high-risk drivers by insurance companies. The penalties for DUI vary from temporary license suspension to large fines. Some providers might even cancel the insurance policy due to the increased risk.
- Poor credit history. Some states allow insurance companies to look at the credit score before granting an insurance policy. Some drivers with a bad credit score will be considered high-risk and will be charged higher premiums.
- Drivers convicted of driving without insurance. Most states require drivers to meet a minimum level of financial responsibility while driving on public roads. Drivers ticketed for driving without insurance can be labeled as high-risk by insurance carriers. In some states, drivers caught driving without insurance risk having their license revoked permanently
- Teen or Senior drivers. Senior drivers over the age of 70, young adults, and teenage drivers are considered high-risk. The statistics show that these age groups are more likely to file insurance claims than other age groups.
For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/
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