Auto insurance is expensive for just about everyone regardless of their age, sex or driving record. But for an individual with a record of moving violations or intoxicated driving, auto insurance can be even more expensive and difficult to find.
High-risk auto insurance has become much more wide spread over the last few years as more and more people are added to the list of high-risk prospects. Mainstream insurance companies label students, teenagers, drivers over the age of 70, individuals with a bad credit rating and individuals with a history of insurance claims as high-risk alongside the traditional high-risk policyholders such as people with a history of DUIs and multiple moving violations.
Insurance companies even assign this high-risk label based on the car in demand that means that the driver of a sports car should be prepared to pay a higher premium or even have to secure high-risk auto insurance. The insurance company practice of lumping individuals with sports cars and individuals whose license has been revoked into the same category has created a high-risk auto insurance industry on the fringe of the mainstream insurance market.
For this reason, modern companies that specialize in high-risk auto insurance (they call it non-standard insurance) have appeared and by shopping around among these new companies, it’s possible for anyone to find insurance at a reasonable rate. Of course, the very mainstream companies that created the need for this insurance with their demographic labels also offer high-risk insurance but it will generally be more expensive than the companies that specialize in this sort of policy.
This is a policy that is best found on the Internet since the best and cheapest high-risk coverage is available from smaller corporations that do not maintain physical offices in every locale they service. If access to a physical office and insurance agent are factors in finding a high-risk policy, it is possible to find a high-risk policy with larger insurance companies such as Allstate but be prepared to pay more for the name recognition of the larger insurance company.
But competition between the small and the mountainous insurance companies is functioning to keep prices down for high-risk auto insurance. Anyone who fits into the above mentioned categories should still be prepared to pay more for their insurance but they do have plenty of options.
By shopping around and considering the smaller corporations that specialize in this sort of policy it’s possible to find a low rate for high-risk auto insurance.
Sources:
“Finding High Risk Auto Insurance and Non Standard Auto Insurance,” thegeneral.com.
“Where Can I Come By Auto Insurance For High Risk Drivers,” onlineautoinsurance.com.
“High Risk Auto Insurance – Information and Quotes,” usinsuranceonline.com.
Filed under Automobile Insurance Information by on Feb 24th, 2011. Comment. 
When looking for auto insurance we all want the same thing – to save money. This is especially true given the current economic times. However, the current trend is to scour the internet searching for the best deal in car insurance. This, while useful at times, is often confusing, time consuming and even overwhelming – it would hold days to search through all the available auto agencies online. Therefore, it is often distinguished easier and more time effective to search the old fashioned way, pull out the phone book and call local agencies for. Searching among local insurance agents often offers various benefits.
Everyone, it seems, guarantees that they will attach you money on your current insurance rates. Geico promises 15% or more, Progressive promises to compare quotes for you to find you the best rate; Allstate promises “you will keep more”; State Farm promises the “best rates”; and the list continues on. Undoubtedly, all these companies, and many others, honestly are interested in saving you money, they want your business and in order to get your business they have to be competitive in their pricing.
Nevertheless, almost all these companies’ websites use fairly generic information forms when generating your car insurance quotes. These estimated quotes are often much higher than what they would be if you where to actually visit these agencies in person or swear with an agent. These is because local insurance agents also want your business, often more so than a national company, and are aware of the prices online and are likely to be wiling to do whatever they can to beat any online price you may find. A good example of this is my experience with Allstate.
When I entered my information into Allstate’s online quote estimator the estimate was unbiased over $1000 every six months or $180 a month. My wife and I have two cars, and have totaled one with in the last year, and have been in three other accidents (it has been a banner year). However, when I went into a local Allstate agent’s office he quoted me an insurance premium which was much less: $790 for six months or $132.38 a month. I was surprised at the difference. This may not always be the case, but often is. If you are truly looking for the best auto insurance rate available to you it would be worth your while to devote at least half of your looking efforts towards local agencies. Sometimes the best deals are with local car insurance agents who sell for a larger national company.
Filed under Automobile Insurance Information by on Dec 18th, 2010. Comment.
