Get the Best, yet, Cheapest Insurance Policy Even if You’re a “High-Risk” Driver

Jul 19

If you are carrying auto liability insurance and find out that more than 20 million drivers with whom you share roads and highways are uninsured, wouldn’t you feel distressed and worried? The thought that millions of drivers continue to drive without insurance will not only make you feel afraid of getting involved in an accident, but more so getting involved in one wherein the other driver, who may also happen to be at fault in the accident, does not carry auto liability insurance.

A closer estimate of the number of uninsured drivers, according to the Insurance Research Council (IRC), is 29 million and the major reason why these so many drivers are uninsured is the high cost of insurance coverage. Well, it cannot be denied that insurance firms do find ways to make policies expensive, making so many drivers pay more than what they really should. To make policies more costly (for higher profit, of course), insurance companies consider many factors which will enable them to tag you as a “high-risk” driver. These factors include:

  • Age and driving experience. For insurance companies, being young and having less experience behind the wheel are liabilities simply because these factors make your driving behavior difficult to determine. Thus, if you are below 25 years old and have only a few years of driving experience, they will think that you are more prone to getting involved in an accident, thus, you are a “high-risk” driver. Not having committed any traffic violation and not having been involved in any accident will not save you from being tagged as a “high-risk” driver.
  • Type of car driven. If you are driving a high-powered sports car, then you may well expect a more expensive insurance premium. This type of car can make you go fast and the faster you go, the more likelihood of you figuring in an accident.
  • Driving history. You are definitely a “high-risk” driver if your driving history is marred by traffic violations, such as reckless driving and, especially, driving under the influence or DUI. While these are major offenses, you’ll be surprised to know that some insurance firms even consider a parking ticket a factor by which you can be considered a “high-risk” driver.
  • SR-22 filing. If you have been cited for three traffic violations within a year, have been caught driving without insurance, or have had your license revoked or suspended for whatever legal reason, then the court can require you to carry an SR-22 filing. Being required to carry this definitely makes you a “high-risk” driver.

To many drivers, the high cost of insurance policies can really be a burden. There is a way, though, to get insured without paying more than you can or more than you should. Helping drivers and car owners find the best, yet cheapest, insurance policy is what independent car insurance firms do. According LaMarca Law Group P.C., some insurance companies offer free online quotes which will allow customers compare deals and prices on line. They also help customers get insured on the spot. Because of independent car insurance firms, being insured has become really fast and easy.

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