High-risk auto insurance refers to non-standard policies for drivers who are viewed as a higher risk to insure. Every motorist poses a certain amount of risk for insurance companies, but some present a greater liability and are more likely to file a claim. The following guide will help you discover which group you fall into and how it may affect you when shopping for a policy.

What to Know About High-Risk Auto Insurance

Who Is Considered a High-Risk Driver? 

Typically, drivers are classified as high risk if they have multiple moving violations, a DUI conviction, or a history of at-fault accidents. While your driving record has the most influence on your insurance policy, it isn’t the only factor insurers take into account when evaluating your risk level. You may also be considered a higher risk if you’re a first-time driver, have a low credit score, or have previous lapses in coverage.

How Does It Affect Auto Insurance?

Motorists in the high-risk category face higher auto insurance premiums than those with a standard policy. Insurance companies take on more risk when covering a high-risk driver, so they balance this cost by increasing rates. Insurers also have the right to refuse coverage to high-risk drivers, which can make it more difficult to find a policy. 

Is It Possible to Reduce Coverage Costs?

Fortunately, there are steps you can take to lower your insurance rate if you are deemed a high-risk driver. Improving your credit score, taking a driver safety course, driving a car with advanced safety features, and comparing new quotes often are all methods you can use to make coverage costs more manageable. Your high-risk status will also change if a few years pass without making any claims.

If you’re looking for quality auto insurance at an affordable price, turn to A Better Choice Insurance Agency. They offer both standard and non-standard policies from several insurers and will help you customize a plan with coverage that fits your unique needs. For more than 25 years, residents throughout Cabarrus County, NC have relied on the agency to protect them against financial instability should an unexpected event occur. Call (704) 782-2073 to schedule an appointment, or visit them online for more information on their product options.