Car insurance premiums are generally calculated based on the driver's risk level. High-risk car insurance is just another type of car insurance where the driver's profile makes all the difference. If your driving history involves accidents, parking violations, or similar citations, it automatically translates to high-risk insurance and higher premiums. This might narrow your choices for insurance companies, but here we help you navigate through the best car insurance companies for high-risk drivers, factors that bring home high-risk insurance, methods to avoid them and save money on the high-risk insurance.
Insurance companies consider drivers falling under these categories as high-risk drivers.
A high-risk driver becomes an unreliable client and a liability, thereby increasing the rates of the insurance, also known as non-standard car insurance. High-risk drivers might face limitations on who could drive their car, reduction in policy coverage, and loss of safe driver discounts.
Both driving and non-driving factors can categorize you as a high-risk driver, leaving you with high-risk insurance as your choice. While at-fault claims, reckless driving, speeding, parking violations, and DUI come under the driving factors, age, location, credit score, type of car, insurance coverage history, and license points fall under the non-driving factors.
|Risk Factors||Companies Offering Cheapest Rates (6-month premium)|
|State Farm||American Family||Travelers||Progressive|
|Bad Credit Score||$1278||$1402|
The options may seem limited but there are a handful of car insurance companies offering cheap insurance rates for drivers falling under the high-risk category.
|Company||Average Annual Rate|
USSA is also a prominent insurance company offering affordable high-risk insurance. But only active military members, veterans, and their families are covered by USAA.
|State||Annual Average Coverage Rate|
Following these simple yet effective steps can help you save money on your high-risk insurance.
|Car||Insurance Rates (average annual premium)|
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
High-risk car insurance will cost around $2246 annually on average. This means a driver under this category pays roughly $1000 more than a regular-risk driver.
Drivers with records of violations, speeding, poor credit record, and DUI charges, along with other non-driving factors like age, experience, location, and type of car, can categorize you under the high-risk insurance category.
Though one can be considered high-risk for as long as ten years, this is not generally the case. If a court orders that a driver file an SR-22, the need to do so normally lasts for three years unless the court orders otherwise.
The SR-22 form is not a type of insurance. It's a legal need to file a policy with the state, and drivers who require an SR-22 face higher insurance premiums. If you are found driving without auto insurance, you will face the same filing consequences.
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