High risk auto insurance is available for certain high risk drivers. What is the definition of a high risk driver? Well, there are a variety of reasons why a driver is considered high risk, such as repeated moving violations or convictions for driving under the influence (DUI & DWI).
If you are a high risk driver, then you will need high risk auto insurance, which is more costly than standard auto insurance. If your driver’s license has been suspended or revoked then you will not be able to drive legally at all. However, in order to get your driver’s license reinstated when your term is up, you will need high risk auto insurance.
To find and compare high risk car insurance rates with regular car insurance rates just enter your zip code into the free tool above!
High Risk Drivers that Require High Risk Auto Insurance
Not every catastrophe, such as a single car accident, automatically puts a driver in the high risk category, although it can cause your insurance premium to increase. However, certain major single incidents or multiple repeat minor incidents can both cause a driver to require high risk auto insurance.
Some minor convictions that can lead to high risk auto insurance are repeat offenses of the same nature, such as multiple minor moving traffic violations. A single speeding ticket of 10 miles per hour over the limit is most likely not going to affect your auto insurance; but five speeding tickets that average 10 miles per hour over the limit are definitely going to ding your auto insurance. Your auto insurance rates could go up drastically, citing you as a high risk driver. The same is true if you only have a single speeding ticket, but it is for 25 miles over the limit. Any moving violation that can cause your license to get suspended is cause for your insurance to get pushed up to the high risk auto insurance group.
In any instance where your license is suspended or revoked, your auto insurance will undoubtedly get raised. An exception to this may be if your license is suspended due to lack of child support payments, where your license suspension has nothing to do with your actual driving record. However, since lack of child support payments can be reflected on your credit report, your auto insurance can go up if your insurance company uses your credit report to determine your rates.
Other times high risk auto insurance is needed are when you have serious moving violations such as a DUI (Driving Under the Influence) or a DWI (Driving While Influenced). Even if alcohol or drugs is not a factor, if you are involved in a severe accident or in one that results in a reckless homicide, you are going to be considered a high risk driver and require high risk auto insurance.
How High Risk Auto Insurance Works
Similar to regular auto insurance, high risk auto insurance provides you with the coverage that you purchase. The difference is in how much coverage you are authorized to buy and how much that coverage is going to cost. High risk auto insurance must make state minimum liability coverage available to high risk drivers. However, insurance companies can deny the request of additional coverage that is made by high risk drivers. Some high risk insurance companies will allow you to purchase additional liability coverage to increase the policy limits and some companies will also allow you to purchase uninsured or underinsured motorist coverage, but many insurance companies will not offer collision or comprehensive insurance to a high risk driver.
High risk drivers are assumed to stand a greater chance of making an insurance claim. That is why insurance companies are hesitant to offer more than they need to and also why the rates are much higher than for a low risk driver. Imagine a driver who has multiple speeding tickets; statistically it is only a matter of time before that driver is bound to have a car accident. A low risk driver is also at chance of having a car accident, but the overall probability factor is much lower. Low risk drivers are rewarded with lower premiums while high risk drivers are forced to pay the penalty of higher insurance rates.
Reinstating Your License with High Risk Auto Insurance
If your license is suspended or revoked, you will not be able to drive a car until your license is reinstated. Under most suspension or revocation conditions, you will need to prove that you have secured high risk auto insurance prior to having your license reinstated. In order to prove you have the required insurance, your auto insurance company will have to submit a SR-22 form on your behalf.
A SR-22 form is not an insurance policy; it is merely a document stating that you have purchased the necessary auto insurance that is required by law. The insurance company must submit this form for you to the appropriate parties, such as the Department of Motor Vehicles, and is also responsible for reporting any cancellation or termination of said policy.
As a high risk driver, you will pay more money for your auto insurance. In order to remove yourself from the high risk category, you need to gain a steady driving record to prove that you are no longer considered high risk. Usually a three year record of no citations or violations will earn you the right to apply for lower auto insurance rates.
Finding Cheap High Risk Auto Insurance Rates Online
Since rates vary by insurance company, you can always try to get a lower rate from a different carrier. Shop for rates now by entering your zip code in the free auto insurance quote tool provided!