High Risk Car Insurance – Tips on Reducing Premiums

Don’t panic, high risk car insurance is obtainable and keeping costs down is possible. There are many sites on the web that cater to high risk drivers with what is called nonstandard insurance. If you are in this category, it makes sense to compare their rates. Since drivers are increasingly appearing in the high risk car insurance category and insurance carriers are fighting for the consumer dollar it is now easier to find these kinds of carrier. Be ready to pay higher rates, but what is important is to secure car insurance so you can keep your car on the road.

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What is a high risk driver?

If your license has been suspended or revoked – To get it reactivated, you probably will have to file an SR-22 policy for reinstatement with the state that documents you have the required insurance. This insurance generally will come from a company that caters to drivers at risk and, in many instances, will aid you in filing the SR-22.

If you are 70 years or older – Some carriers may consider you high risk, while others will consider you as “an experienced driver” who justifies affordable premiums. Here is where a good driving record is very helpful. No matter how “experienced” a driver may be, an unacceptable record will not result in a very attractive premium.

If you are 20 years old or younger – Like older drivers, some providers will consider you a driver at risk while others will quote you a fair rate. Be sure you maintain a good driving record if you are placed in this category. Take a look at being put on your parents’ policy for premium savings.

A history of moving violations or accidents – Some insurers will consider you at high risk and not offer any insurance whatsoever. Others will offer you a policy that may not have the lowest premium, but look for a plan that allows you to reduce those premiums through time due to a discount plan that rewards you for keeping a clean driving record.

With the above information, your assignment is to get online and search for providers that consider your driving record. Select at least three companies and analyze their premiums with similar coverages. Using this method will generate the best premiums. What initially was a tense insurance situation can result in one you can get along with until your driving record becomes better. In the case of high risk car insurance for older drivers, it is simply a matter of finding providers that will accommodate your age category.

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