The Top 10 Car Insurance Picks for High-Risk Drivers
January 16, 2024
6 min read
Cruising down the road can be super exciting, but it's not all fun and games. Getting the perfect car insurance can seem like a real challenge if you're considered a high-risk driver.
Whether you have a history of accidents, speeding tickets, or a DUI, the search for affordable and reliable coverage can be daunting. Luckily, there are insurance companies that focus on helping high-risk drivers.
In this article, we'll look at the best 10 car insurance companies for high-risk drivers, giving you useful information to make a smart choice.
Understanding High-Risk Drivers
High-risk drivers are individuals who pose a greater likelihood of filing a claim due to factors such as:
1. Accidents
Insurance providers could categorize you as high risk if you've had multiple accidents. This is because past accidents often indicate a higher likelihood of future insurance claims.
2. Traffic Violations
Reckless driving habits like speeding tickets, running red lights, and other traffic violations can quickly label you as a high-risk driver. These infractions indicate a potential for dangerous behavior on the road.
3. DUI/DWI Convictions
Getting caught driving under the influence (DUI) or driving while intoxicated (DWI) doesn't just put lives in danger—it also makes insurance companies see you as a high-risk driver due to these convictions.
4. Inexperienced Drivers
New drivers, especially teenagers who've just gotten their licenses, are frequently labeled high-risk because they're still learning. Inexperience can lead to mistakes and a higher probability of accidents.
5. Poor Credit History
Having a low credit score can result in increased insurance rates, as it may cause insurers to consider you a high-risk driver. They might believe that individuals with poor credit are less financially dependable and more prone to filing claims.
The Top 10 Car Insurance Companies for High-Risk Drivers
Many individuals find themselves labeled as high-risk drivers, which often cannot be avoided. This tag typically leads to higher car insurance premiums, which can accumulate substantially over time. However, it's crucial to note that not every insurance company is the same.
Here are the top 10 car insurance companies for high-risk drivers that we've found.
1. GEICO
GEICO, recognized for its memorable ads and charming gecko mascot, is a favored option among high-risk drivers. They provide attractive pricing and an extensive selection of coverage plans.
The company is commended for its easy-to-navigate website and superior customer service. Their adaptable payment schemes can be particularly advantageous for budget-conscious drivers.
2. Progressive
Progressive is a well-known player in the insurance industry and is frequently chosen by high-risk drivers. They stand out for their "Name Your Price" feature, enabling you to tailor your coverage according to your budget. Additionally, Progressive offers special benefits like its Snapshot program, which grants discounts for safe driving habits.
3. Allstate
Allstate, a reputable insurance provider, provides high-risk drivers with a range of coverage choices. Their standout feature is the accident forgiveness program, which safeguards you from rate hikes following your initial at-fault accident. For high-risk drivers seeking tailored assistance, Allstate's strong commitment to customer service and extensive agent network can be particularly beneficial.
4. State Farm
State Farm has built a solid reputation due to its vast network of agents, ensuring that high-risk drivers can easily access assistance and information. They provide competitive rates and a diverse range of coverage options.
State Farm's Drive Safe & Save program is an enticing option for those aiming to improve their driving skills, as it lets policyholders save money by sharing their driving data through a mobile app.
5. Nationwide
Nationwide Insurance is known for its range of options and coverage discounts, including accident forgiveness and vanishing deductibles. They have a strong customer service reputation and offer various add-ons to customize your policy. Nationwide also provides special coverage options for high-risk drivers, making them a reliable choice.
6. The General
The General specializes in providing insurance for high-risk drivers, making them an obvious choice for those who may struggle to secure coverage elsewhere. While their rates may be higher than some other companies, they are often the best option for drivers with a particularly challenging risk profile.
7. Farmers Insurance
Farmers Insurance presents a range of coverage choices and is recognized for its quick claims processing. They also offer safe driving discounts and extend accident forgiveness, a particularly valuable feature for high-risk drivers. With Farmers' extensive agent network, you're guaranteed personalized assistance.
8. American Family Insurance
American Family Insurance may not be as well-known as some larger insurers, but they offer competitive rates and various coverage options for high-risk drivers. Their commitment to customer service and a variety of discount programs make them a viable choice.
9. Esurance
Esurance, a subsidiary of Allstate, is an online-based insurance company known for its easy-to-use website and competitive rates. They offer coverage to high-risk drivers and provide a simple, hassle-free experience for obtaining quotes and managing your policy.
10. MetLife
High-risk drivers can trust MetLife as a reliable option, with the flexibility of customizing their coverage and access to numerous discounts. MetLife's strong financial stability rating ensures they can meet their policyholders' needs. Furthermore, MetLife extends valuable services like roadside assistance, providing crucial support in emergency situations.
Tips for High-Risk Drivers
Now that you have insights into the top car insurance companies for high-risk drivers, here are some additional tips to help you navigate the insurance landscape:
1. Shop Around
Avoid simply agreeing to the first insurance quote you receive. Instead, make a point of comparing rates from several companies to locate the most advantageous offer. High-risk drivers frequently encounter notable rate discrepancies when examining different insurance providers.
2. Improve Your Driving
Defensive driving courses and attending traffic school can occasionally result in lower insurance costs. Improving your driving abilities clearly conveys your commitment to safer driving.
3. Maintain Good Credit
Strive to boost your credit score, given its considerable effect on your insurance expenses. Ensuring you pay your bills punctually and managing your money responsibly can pave the way for lower insurance premiums.
4. Bundle Policies
Uncover extra savings by combining your auto insurance with home or renters insurance. Opting for a single insurer for multiple policies can lead to notable reductions in overall costs.
5. Increase Deductibles
Raising your deductible can reduce your premiums, but be prepared to pay more out of pocket in case of a claim. Evaluate your financial situation to determine the right deductible for you.
6. Seek Discounts
Inquire about discounts for safe driving, loyalty, or installing safety features in your vehicle. Several insurance companies offer discount opportunities to help lessen the higher premiums that come with being classified as a high-risk driver.
Find Your High-Risk Insurance Ally Today!
Being labeled a high-risk driver does not mean you are without options. These companies provide a range of solutions tailored to the needs of high-risk drivers. With some research and comparison, you can find a policy that fits your needs and budget. Remember, improving your driving habits over time can significantly reduce your insurance premiums, no matter your past record. Drive safe!
