Online Vehicle Insurance – Who May Need High Risk Auto Insurance
A person with numerous tickets and accidents on a driving record can find themselves viewed as riskier to insure by carriers and may have to pay higher premiums for auto insurance than those with clean driving records. A trend of committing traffic violations or being involved in accidents indicates to insurers that the trend may continue throughout the policy term, and although carriers do not pay any costs associated with tickets, things such as running red lights and stop signs, speeding, and tailgating can all lead to accidents.
One almost immediate way to land in the high-risk pool is by being convicted of driving under the influence of drugs or alcohol. Impaired driving is a grave offense and dangerous, which can lead to accidents, injury, and death. Not only will a conviction make the price of policies skyrocket, it could cause a motorist’s current insurer to drop them altogether. This is something that a motorist should avoid to keep premiums down and lower the chance of being involved in a severe accident.
When it comes to automobile coverage, teenagers always have it rough, especially males. Drivers between the ages of 16 and 19 pay more than any other age group (assuming that driving records are similar). The reason for this is simple: statistics show that these teens are three times more likely to be involved in an accident than more mature drivers.
Policy cancellations and lapses can also affect premiums. According to the Missouri Department of Insurance, Financial Institutions & Professional Registration, an insurer can place a motorist in the high-risk pool if they have not been insured in the last 30 days. However, laws may vary in other states. Many factors can cause the cost of policies to increase, and many can be controlled.