Having Auto Insurance as a “High-Risk” Driver

A less-than-perfect driving record is something most drivers on the road have. From speeding violations to small fender benders, every driver runs the risk of taking hits on their record, resulting in higher rates and possible loss of coverage. But having too many accidents or moving violations, or even a DUI/DWI, will put you under the “high-risk” category for most Indianapolis Auto Insurance carriers, and could affect your future coverage.

What is a High-Risk Driver?

How do you know if you’re a high-risk driver? Let’s break it down for you.

  1. If you’ve had your license suspended or revoked and require an SR-22 policy for reinstatement.
  2. If you are over the age of 70 or under the age of 20.
  3. If you have a history of auto accidents or violations.
  4. If you’ve been convicted of DUI or DWI.
  5. If you have poor credit history.

High-risk drivers are put in a position where their current auto insurance company might not renew their coverage. One more ticket may mean the difference between being covered or not. When your file is being reviewed for annual renewal by your auto insurance company, they may decide that the risk of insuring you is too high.

Having Insurance as a “High-Risk” Driver

Even though this all makes the outlook for at-risk drivers bleak, there are options you can choose from to stay covered on the road. The goal of a high-risk insurance company is to get drivers back on the road and regain the status of being a low-risk driver, resulting in standard auto insurance coverage and rates. Better driving record means better coverage in the future.

High-risk drivers usually pay higher rates for auto insurance. It’s even somewhat common for standard insurance companies to refuse to provide a car insurance policy to a high-risk driver. But specialty auto insurance companies, like McClain Matthews, look past standard policies and offer special coverage.

Getting Back on the Road

Current high-risk drivers should stay on top of their rates and make sure all tickets and accidents are no longer chargeable. Markets Insider suggests that whenever there is a change, like when a ticket or accident is no longer a negative factor, drivers should compare quotes for auto insurance rates. Insurance companies like McClain Matthews may be able to suggest ways for you to reduce points from your record, resulting in getting back on track for low-risk coverage. Making small, but effective changes to change your driving record can result in lower rates and better insurance coverage.

About McClain Matthews Insurance

At McClain Matthews, we specialize in providing comprehensive insurance solutions for Indianapolis residents, business owners and beyond. For the last 69 years, we have established relationships within our community and pride ourselves on tailoring coverages as needed by our clients. For more information on how we can serve you, contact our friendly experts today at (317) 298-7500.