High Risk Insurance Who Do You Think Are The High Risk Drivers?

In a number of cases, a person cannot qualify for standard insurance policies; they have to select from the range of high risk insurance policies

. You will find a number of reasons why insurance companies tag a driver as "high risk".

Here, it is crucial to mention that most people think they are considered high risk driver because they have their driving record loaded with citations and tickets for accidents or charges like DWI or DUI. Though these factors and violations will go a long way in putting you that special category, there are other factors affecting your insurance premiums in this case. For instance, if you are young, the chances are that you will have to opt for a high-risk insurance policy. It is so because insurance companies think you have higher chances of being a rash driver, which will make them pay for your negligence.

Not only this, you will also have to be in this category if you come with poor credit rating or you're a student and don't have regular income. In addition to all this, the customers who have made several claims in the past will also be vaulted into the category called "high risk". Another interesting fact is that just like young drivers, elderly drivers are also considered high risk drivers. Many insurance companies think that you have higher chances of being involved in an accident if you're over 70. They think so considering the fact that at this age you will have decreased auditory and visual acuity as well as slow reflexes.

However, it is worth mentioning that the situation with elderly drivers may not always be the same. It means that unlike young drivers, elderly drivers may get some discount considering they have more experience as compared to others. It is due to this particular reason that elderly drivers should never make a hasty decision and always spend some time in finding and comparing available insurance plans.

In case you are dealing with any of these situations, you should consider making some moves. For instance, if you're young or have bad driving record, enrolling yourself in a driver's education program will definitely make your insurance provider think that you're serious about your driving and are now trying to make amends for what you have done in the past. This may leave a positive effect on your insurance provider and you will see a fall in your insurance premiums. You need to bear in mind that some people think that defensive driving is enough to save them from paying high premiums, but that's not the case especially if several violations are present on your driving record.

For young drivers, who are usually covered under their parents' policies, it's a good idea to pay higher premiums for some time and find an insurance provider who is willing to offer some sort of High Risk Insurance; doing this will help them find a better insurance policy at lower rates in the future.

by: James Watt

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