Giving Higher Risk Drivers a Chance at Financial Protection
No doubt, getting insurance for high risk drivers is definitely more troublesome and costly.
Companies of this nature usually deny you their services immediately, or demand an ungodly amount of money for their time and effort.
Many factors contribute to determining just how much money a company will charge you.
Men are considered 'higher risk' than women, flashy, new and expensive cars are considered 'higher risk', city dwellers (those living in urban areas) are considered 'higher risk' than those who reside in the country or province (those who live in rural areas), and well, you get the picture.
Determining a 'High Risk' driver: Several other components contribute to being considered a high risk driver, some out of our control, such as the aforementioned location of residence, and some that are under it completely.
Younger, under-experienced drivers are considerably more high risk than those who've been driving for some time.
These companies are aware that younger drivers are more likely to be involved in car accidents.
Over time, assuming you have a clean driving record, the rate of your premium decreases as most providers stop considering you as risky.
Drivers who have been charged with various forms of misdemeanours are also considered high risk.
This includes drivers who have been caught Driving While Intoxicated (DWI) or Driving Under the Influence (DUI), who have acquired multiple speeding or parking tickets, those involved in hit and run driving, vehicular negligent injury, reckless operation of a vehicle and other such incidents of this nature.
While this may sound grossly unfair, your credit history also influences the decision to deem you a high risk driver.
Those with smaller credit ratings are charged with a more expensive premium compared to those with bigger credit ratings.
This is because statistically drivers with small credit ratings tend to file more claims.
Getting insured with a not-so-shiny driving record: Step 1: Make sure to check your not-quite-impressive driving record at the Department for Motor Vehicles (DVLA).
This may give you an idea of how not-quite-impeccable your record is.
Step 2: Settle all fines you have incurred with your vehicle such as pending tickets and the like.
Be sure to inform the DVLA right after for a cleaner slate this time around.
Step 3: Ask the DVLA for tips on how to improve your driving record thus removing you from what they consider to be high risk.
Always remember: lower valued vehicles mean decreased pay for your insurance premiums.
Step 4: Look at various companies and talk to their top consultants.
Let them know exactly what you need and discuss with them the possibility of acquiring their services should they meet what you need and expect.
List down the companies that you approve of and study which of them you will most be comfortable with.
Step 5: Enrol yourself in a 'Safety Driving' course.
Those approved by insurers usually receive far lower car insurance premiums than those who aren't.
Again, remember that a car with safety precautions such as air bags, seat belts, and the like are considerably less high risk than those without them.
While it may seem impossible to erase a high risk driver label, it can still be done.
Keep a clean record for at least 3 years and you might just find yourself out of the high risk zone when it comes to finding cheap car insurance
Companies of this nature usually deny you their services immediately, or demand an ungodly amount of money for their time and effort.
Many factors contribute to determining just how much money a company will charge you.
Men are considered 'higher risk' than women, flashy, new and expensive cars are considered 'higher risk', city dwellers (those living in urban areas) are considered 'higher risk' than those who reside in the country or province (those who live in rural areas), and well, you get the picture.
Determining a 'High Risk' driver: Several other components contribute to being considered a high risk driver, some out of our control, such as the aforementioned location of residence, and some that are under it completely.
Younger, under-experienced drivers are considerably more high risk than those who've been driving for some time.
These companies are aware that younger drivers are more likely to be involved in car accidents.
Over time, assuming you have a clean driving record, the rate of your premium decreases as most providers stop considering you as risky.
Drivers who have been charged with various forms of misdemeanours are also considered high risk.
This includes drivers who have been caught Driving While Intoxicated (DWI) or Driving Under the Influence (DUI), who have acquired multiple speeding or parking tickets, those involved in hit and run driving, vehicular negligent injury, reckless operation of a vehicle and other such incidents of this nature.
While this may sound grossly unfair, your credit history also influences the decision to deem you a high risk driver.
Those with smaller credit ratings are charged with a more expensive premium compared to those with bigger credit ratings.
This is because statistically drivers with small credit ratings tend to file more claims.
Getting insured with a not-so-shiny driving record: Step 1: Make sure to check your not-quite-impressive driving record at the Department for Motor Vehicles (DVLA).
This may give you an idea of how not-quite-impeccable your record is.
Step 2: Settle all fines you have incurred with your vehicle such as pending tickets and the like.
Be sure to inform the DVLA right after for a cleaner slate this time around.
Step 3: Ask the DVLA for tips on how to improve your driving record thus removing you from what they consider to be high risk.
Always remember: lower valued vehicles mean decreased pay for your insurance premiums.
Step 4: Look at various companies and talk to their top consultants.
Let them know exactly what you need and discuss with them the possibility of acquiring their services should they meet what you need and expect.
List down the companies that you approve of and study which of them you will most be comfortable with.
Step 5: Enrol yourself in a 'Safety Driving' course.
Those approved by insurers usually receive far lower car insurance premiums than those who aren't.
Again, remember that a car with safety precautions such as air bags, seat belts, and the like are considerably less high risk than those without them.
While it may seem impossible to erase a high risk driver label, it can still be done.
Keep a clean record for at least 3 years and you might just find yourself out of the high risk zone when it comes to finding cheap car insurance
