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The significance of high risk auto insurance


When we are out on the roads, we are never safe because our roads and highways are filled danger. We have speeding vehicles that cause accidents all the time. Even a pedestrian is sometimes the victim of a horrible accident. So, it is important that all of us are adequately covered by insurance. Auto insurance becomes all the more necessary if you are a high risk driver. If you belong to that category finding a good auto insurance policy can be an enormous task. But this should not be a deterrent if you are trying to purchase high-risk auto insurance. You must try to get all the information you can before you purchase the right coverage you need.

The insurers place different values on different backgrounds of their clients. So, you can never really be sure if you actually need high risk auto insurance. Only your insurer will be able to tell based on the information you provide. There are some categories that may lead to high risk classification.

  • DUI – If you can avoid this charge, then you can get some decent coverage. But if you have a DUI history then you may never be able to find a policy with low premium.
  • Traffic violation – If you have citations like speeding or skipping the red light, then potential insurers will view you as someone who is likely to cause an accident.
  • Age of the driver –Those below 25 years of age and those above 65 years of age are normally considered to belong to the high risk category.
  • First-time drivers – Irrespective of the age first-time drivers will be considered high risk due to the lack of driving experience.
  • SR-22 –This is a classification that a person will receive following a DUI. This normally refers to motorists who are caught without insurance or those who have caused an accident without adequate coverage to take care of damages. The SR-22 is a form that you need to get the license restored. This also helps in allowing the DMV to monitor the motorist in the interim period.
  • Coverage lapse – Driving without insurance coverage is illegal in most states and insurers will have a reason to question the responsibility of the driver.
  • Credit history – As always, credit history plays a role here too and insurers will look at a history of delayed or missed payments and arrive at conclusions.
  • Claims history – If you have filed costly claims in the past, you could be doing it in the future as well.