What Do High Risk Auto Insurance Companies Look For In A High Risk Driver
When it comes to insurance policies, high risk drivers are generally asked to render more money for their auto insurance policies
. But, by engaging in a good deal of research before you begin comparing different high risk auto insurance companies rates you can locate an insurance company that is willing to give you an auto insurance policy that does not break your pocketbook.Before you can begin deciphering how insurance companies determine your rates for an auto insurance policy, it is imperative to have a strong understanding of how they classify a a risky policy from a traditional policy.
Individuals that require a high risk auto insurance policy, generally have three or more convictions against their driving record. These convictions are typically guilty pleas for moving violations or things of that accord. Also, people that have plead guilty for driving recklessly or driving under the influence of alcohol or other illegal substances are automatically assumed to be reckless or risky drivers.
Insurance companies will generally evaluate several different factors in order to determine if an individual that is applying for a policy through them is considered to be a risky driver. All individuals that have been found guilty for driving under the influence of alcohol or drugs are automatically assumed to be a questionably risky driver.
Also, individuals that have gaps in their insurance coverage are also seen to fit into the risk filled category as well. Teenagers are also put into this same category, because they are not prone to driving. Individuals that have been in a series of accidents are seen to be reckless drivers and are automatically classified in the same exact category also.
High risk auto insurance companies will generally ask for more money up front for one of their policies. Since, your driving record will reveal to these companies that you are not a cautious driver, these companies are only trying to protect themselves in case you are in an accident or some other mishap later in the future.
Be prepared to pay a little bit more money for your auto insurance policy if the insurance company that you are opting to obtain your policy through classifies you as a risky driver. Generally, insurance companies are rather lenient if you can show the company that you have straightened out your driving activities in the future. A lot of companies will review over your insurance policy once a year in order to see if your traditional risk filled activities have ceased or not. If you are still classified in this same category than your insurance company has the right to raise your rates at their discretion. However, the adverse can occur if you have managed to straighten out your driving habits.
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