Are you considered as a high risk when it comes to auto insurance companies? Are you insuring a teen, a senior or a high powered sports car? It’s no longer a secret that high risk insurance costs considerably more than normal insurance policies. Although the market has evolved to a state where there is hope for high risk drivers and more and more companies don’t believe in classifying drivers as high and low risk drivers.
What is high risk?
Insurance companies calculate a risk factor each customer can mean to them. This is basically a numerical representation of the odds they will make a loss to a profit by insuring you. The higher the figure the higher of a risk your policy is to the company; you share part of this risk by paying a much higher premium thus increasing the chances of a profit and leveling the playing field. … Click here to read more