High-risk drivers should first identify the reason why they pay so much (if it is not obvious enough), then take action. Use the following tips to increase the chances of finding better coverage than the current one:
- Look for specialized non-standard carriers. Many insurance companies, even the ones in the top, have subsidiaries or work with smaller companies that are specialized in dealing with high-risk drivers. Their insurance rates are usually lower than the ones offered by traditional carriers.
- Compare online quotes. Even if a person is a high-risk driver, many insurance companies are still willing to provide coverage. Comparing online quotes will help drivers track the best insurance rates available for them.
- Look for discounts. Many discounts are available for all drivers, high-risk included. Discounts for getting married, graduating a defence course, moving to a better neighbourhood, and for installing safety devices will lower car insurance rates.
- Drive a car that is cheap to insure. Look for cheap cars that come with installed safety devices. In that way, the owner can save more on premiums.
- Consider dropping coverage., When driving an old car that is worth less than the deductible, consider dropping the collision and comprehensive insurance.
- Improve credit score. All states, except California, Hawaii, and Massachusetts use the credit score to calculate insurance rates. Improving the score will help the driver get better rates. One reason why a person may be considered “high-risk” is a poor credit scores.
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