High Risk Auto Insurance - How to Save Big in Spite of It and How to Change It
Does high risk auto insurance mean it will cost you an arm and a leg to get a policy? No! NOT if you read and apply these tips.
What makes a driver a preferred risk? It's an insurer's perception based on certain criteria.
And, even though most insurance providers use the same list of factors in calculating your risk profile, they all give each of those factors different weightings or relevancy scores.
So it's important that you find a carrier that is favorably disposed to your profile (More on that later).
Being labeled a high risk isn't like the weather.
You can do more than talk about it.
Here are active steps you can take to reduce your rates...
1.
Go for a course in defensive driving or any other program that is designed to improve your driving.
It pays to ask your agent which ones are recognized or recommended by your insurer.
That will guarantee lower rates once it's proven that you've completed your course.
2.
Your rates are partly a function of the coverage types and amount of coverage you ask for.
So look at your auto policy carefully: Do you have coverage for personal injury? Check your health insurance policy if you have one and make sure you're NOT duplicating coverage.
More importantly, reduce the liability part of your policy to the barest minimum allowed by law.
In its place, get an umbrella policy.
It's far cheaper and, at the same time, gives you more extensive protection.
3.
Work on your credit rating.
Develop a better culture behind wheels.
Avoid making petty claims you can handle.
Look for insurance-friendly vehicles.
If you're moving house, check that your new zip code doesn't inflate your rate.
You might save a few hundred bucks on a home while you lose several hundreds on premium dollars because of it.
4.
Like I said earlier: Find a provider that is more favorably disposed to your profile.
It's NOT a complex process.
You can do it right now from where you're reading this.
Just get and compare quotes from a wide range of reputable insurers.
I'll recommend that you get as many quotes as you can as doing this raises your chances of find much lower quotes.
From the quotes returned, you'll see insurance companies that have cheaper rates for you -- Without compromise to coverage quality.
What makes a driver a preferred risk? It's an insurer's perception based on certain criteria.
And, even though most insurance providers use the same list of factors in calculating your risk profile, they all give each of those factors different weightings or relevancy scores.
So it's important that you find a carrier that is favorably disposed to your profile (More on that later).
Being labeled a high risk isn't like the weather.
You can do more than talk about it.
Here are active steps you can take to reduce your rates...
1.
Go for a course in defensive driving or any other program that is designed to improve your driving.
It pays to ask your agent which ones are recognized or recommended by your insurer.
That will guarantee lower rates once it's proven that you've completed your course.
2.
Your rates are partly a function of the coverage types and amount of coverage you ask for.
So look at your auto policy carefully: Do you have coverage for personal injury? Check your health insurance policy if you have one and make sure you're NOT duplicating coverage.
More importantly, reduce the liability part of your policy to the barest minimum allowed by law.
In its place, get an umbrella policy.
It's far cheaper and, at the same time, gives you more extensive protection.
3.
Work on your credit rating.
Develop a better culture behind wheels.
Avoid making petty claims you can handle.
Look for insurance-friendly vehicles.
If you're moving house, check that your new zip code doesn't inflate your rate.
You might save a few hundred bucks on a home while you lose several hundreds on premium dollars because of it.
4.
Like I said earlier: Find a provider that is more favorably disposed to your profile.
It's NOT a complex process.
You can do it right now from where you're reading this.
Just get and compare quotes from a wide range of reputable insurers.
I'll recommend that you get as many quotes as you can as doing this raises your chances of find much lower quotes.
From the quotes returned, you'll see insurance companies that have cheaper rates for you -- Without compromise to coverage quality.
Source...