Tuesday, September 8, 2009

Are You High Risk Auto Insurance? What Can You Do About it?

High Risk Auto insurance

High risk auto insurance offers insurance solutions for those people
who are unable to get any insurance in standard markets. Coverage
rates for risky drivers may not be very tempting but solace is that
you can at least receive insurance. Normally, insurance premiums for
high risk auto insurance are on the higher side.

What makes me a high risk driver?

Several factors classify you as high risk driver prompting insurance
companies to impose high risk auto insurance on your car. If your auto
insurance coverage in recent past has been irregular and insufficient,
if you have been into many accidents even though it was not your
fault, or you enter high risk category for reckless driving and
driving without adequate coverage. Insurance companies consider men,
urban population, and teenagers highly risky in comparison to women,
rural people, and adults. Again, your poor credit projects a negative
picture to insurance company.

High risk drivers risk cancellation and/or non-renewal of their
existing auto insurance. Insurance companies can take such necessary
action within three years and they observe your driving behavior
during such time. Thereafter, you have to take high risk auto
insurance coverage for your vehicle.

How can I reduce my insurance rates?

Although you cannot expect instant drop in high risk auto insurance
rates, you can try to better your driver ratings by driving carefully
and safely, without committing or getting into any accidents. Old and
four door car models lower insurance rates. Besides, you can lower or
do away with comprehensive and collision coverage. This provides basic
insurance coverage for your car at slightly lesser rates.
Additionally, try to improve your credit ratings too y paying pending
bills on time.

Where can I get my auto insurance?

If different insurance companies refuse you normal insurance, you can
shop around for high risk auto insurance through the Internet.
Scouting through various websites of insurance companies helps you
avail different quotes and compare them to receive the best and lowest
rate for high risk insurance. Again, if you are trying to improve your
driving record and have perfect credit, you receive still lower
insurance quotes.

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