Cookeville, Tennessee
727 S Jefferson Ave.
Cookeville, TN 38501
(931) 526-3377

How Long Does a High-Risk Car Insurance Status Last? January 16, 2020

Cookeville, Putnam
How Long Does a High-Risk Car Insurance Status Last?, Cookeville, Tennessee

When it comes to car insurance, the last thing you want is to be considered “high-risk.” This status is given to those drivers whom insurance companies believe are more likely to file a claim, leading to increased premiums. On the bright side, though, this label won’t last forever. Here’s a closer look at when you might lose this classification from your record.

New to Insurance

When it’s the first time you invest in car insurance, the company will likely view you as high-risk simply to err on the side of caution. Without any history to refer back to, they have no way of knowing your capability behind the wheel. Most young drivers are more likely to get into accidents than experienced adults, so the odds aren’t in your favor starting out.

Ultimately, the reason for being a first-time policyholder will impact how long you pay higher premiums. If you’re a new driver in your early twenties, you likely won’t lose your high-risk status until 25, at which point most insurance companies will deem you more responsible based on your age. In other cases, if you’re not a new driver but it’s your first time taking out a policy on your own, the insurance company will likely decrease your monthly costs after six months. 

Multiple Tickets on Record

car insuranceEvery time you receive a ticket for a traffic violation, you accrue points on your license. Once you’ve reached six points or more, most insurers will consider you a high-risk driver. On average, it takes three years for these violations to fall off your record and for you to see a reduction in your premiums. 

Major Violation on Record

Major violations may refer to being charged with a DUI, being involved in a hit-and-run, or causing serious bodily harm to another driver or pedestrian. On average, you’ll be considered a high-risk driver by most insurance companies for up to five years after these incidents. 

 

If you need help finding coverage as a high-risk driver, turn to Lafever Insurance Agency in Cookeville, TN. For over 30 years, they’ve helped drivers throughout Putnam County obtain comprehensive, affordable policies. Give them a call today at (931) 526-3377 to discuss your needs and visit them online for more information on how they can help you with your car insurance needs.

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