High Risk Automobile Insurance – Where to Get the Best Rates

Have you been rated as a high-risk driver? Here's where to get the best rates on high risk auto insurance.

What is high risk auto insurance?

High risk auto insurance is a classification given by an insurance company for drivers who present a higher risk to to them. The reasons someone receives this classification include:

* Your driving record – Having too many speeding tickets or having been in a number of accidents, even if you were not at fault, puts you in the high risk category.

* Your credit rating – Statistics show that drivers with a bad credit rating file more claims.

* Your place of residence – Living in a high-crime area will put you in a high risk category.

* Your profile – Men are considered to be a higher insurance risk than women, teens a higher risk than adults, and drivers who live in a city a higher risk than drivers who live in rural areas.

* Your past coverage – If you've been driving without insurance you're considered to be a high risk driver.

How can I lower my premium?

To lower your premium you can:

1. Raise your deductible. The deductible is the amount of money you pay towards a claim before your insurance kicks in. Raising it from $ 250 to $ 500 or $ 1,000 can save you 10% to 50% on your premium.

2. Drop your collision and comprehensive coverage. If you drive an older car, or a car that's worth less than your premium plus your deductible, dropping your collision and comprehensive coverage can save you 15% to 30% on your premium.

3. Bundle your homeowners and auto insurance. Buying your homeowners and auto insurance from the same company can save you 10% to 15% on your premium.

Source by Brian Stevens

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