Insurance companies specializing in high-risk drivers

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Being classified as a high-risk driver can feel like an uphill battle, especially when it comes to finding affordable and reliable car insurance. Whether due to a history of accidents, traffic violations, DUI convictions, or being a young or new driver, high-risk status often translates into higher premiums. However, not all is lost. Several insurance companies specialize in high-risk drivers, offering tailored policies that can help you get back on the road with peace of mind. Here, we’ll explore some of the top insurance companies that cater to high-risk drivers and what they have to offer.

1. The General

Overview: The General has built a reputation for providing insurance to drivers who might struggle to get coverage elsewhere. They are well-known for their flexible payment options and willingness to cover high-risk individuals.

Key Features:

  • Flexible Payment Plans: They offer multiple payment options, including low down payments and convenient monthly plans.
  • Quick Quotes: You can get a quote online in a matter of minutes, making it easy to see what you’ll pay.
  • Broad Acceptance: They accept drivers with poor credit, a history of accidents, or those requiring SR-22 insurance.

2. Dairyland

Overview: Dairyland has been around for over 60 years and is a trusted name in high-risk auto insurance. They offer a variety of coverage options tailored to meet the needs of high-risk drivers.

Key Features:

  • SR-22 Filings: Dairyland assists with SR-22 filings, often required for drivers with serious violations.
  • Flexible Policies: Options for both short-term and long-term policies provide flexibility for drivers.
  • Motorcycle Insurance: They also offer coverage for high-risk motorcycle drivers.

3. Progressive

Overview: Progressive is a well-known national insurer that provides competitive rates for high-risk drivers. They use a comprehensive approach to assess risk, which can sometimes result in lower premiums than expected.

Key Features:

  • Snapshot Program: This usage-based insurance program tracks your driving habits and can lead to discounts if you drive safely.
  • Variety of Discounts: Progressive offers multiple discounts that can help reduce the overall cost of insurance for high-risk drivers.
  • Extensive Coverage Options: From basic liability to comprehensive coverage, Progressive provides a wide range of options.

4. State Farm

Overview: State Farm is one of the largest insurance providers in the United States and offers policies for high-risk drivers through their non-standard auto insurance division.

Key Features:

  • Personalized Service: With a vast network of agents, State Farm provides personalized service to help you find the right coverage.
  • Discount Opportunities: Good driver discounts and other incentives can help lower your premiums over time.
  • Financial Stability: State Farm’s robust financial standing ensures that they can reliably pay out claims.

5. National General

Overview: National General specializes in insuring high-risk drivers, particularly those with a history of accidents or violations. They are known for their customer-centric approach and extensive coverage options.

Key Features:

  • Accident Forgiveness: This feature can prevent your rates from increasing after your first at-fault accident.
  • Customizable Policies: National General offers a range of coverage options that can be tailored to your specific needs.
  • Claims Satisfaction Guarantee: They promise a quick and fair claims process, which can be crucial for high-risk drivers.

Tips for High-Risk Drivers

While finding the right insurance company is crucial, there are also several strategies high-risk drivers can use to potentially lower their premiums:

  1. Improve Your Driving Record: Over time, a clean driving record can help reduce your risk status.
  2. Take Defensive Driving Courses: Many insurers offer discounts to drivers who complete approved defensive driving courses.
  3. Maintain Continuous Coverage: Gaps in insurance can increase your risk status. Ensure you maintain continuous coverage, even if switching providers.
  4. Shop Around: Don’t settle for the first quote you receive. Compare rates from multiple insurers to find the best deal.
  5. Consider Higher Deductibles: Opting for a higher deductible can lower your premium, though it means more out-of-pocket expenses in the event of a claim.

What is the best insurance for high risk drivers? 

There isn’t a single “best” insurance company for high-risk drivers, but some options consistently rank well for affordability and coverage:

  • USAA: Offers competitive rates for military members and veterans, but requires active or veteran status.
  • State Farm: Generally affordable with a good reputation, though rates may vary depending on your driving history.
  • Geico: Typically offers the lowest rates for high-risk drivers, including those with poor credit.
  • Progressive: Known for being flexible with coverage options and offering discounts for various factors.

Here’s a quick breakdown to help you decide:

  • Most affordable: State Farm or Geico
  • Good for military: USAA
  • Flexibility: Progressive

It’s always best to compare quotes from multiple companies to find the best rate for your situation. Here are some resources that can help you compare:

  • The Zebra https://www.thezebra.com/resources/car-insurance/
  • ValuePenguin https://www.valuepenguin.com/best-of

Remember, the cheapest option might not always be the best. Consider factors like customer service reviews and coverage options when making your decision.

What does high risk mean in insurance? 

In insurance, being considered “high risk” means you’re seen as more likely to file a claim than the average person. This can lead to higher insurance premiums or even difficulty getting coverage altogether.

Here’s a breakdown of the concept:

  • Why it matters: Insurance companies base their rates on risk. The higher the risk of you needing to file a claim, the more they’ll charge you to cover you.
  • Factors that make you high risk: There are various factors that can put you in the high-risk category, depending on the type of insurance. Some common ones include:
    • Auto insurance: Young drivers, drivers with accidents or traffic violations on their record, and those with lapsed coverage.
    • Life insurance: People with health issues, dangerous hobbies, or risky professions.

I hope this clarifies what “high risk” means in insurance!

Conclusion 

Being labeled a high-risk driver doesn’t mean you’re doomed to pay exorbitant insurance premiums forever. With the right insurance company and a proactive approach to improving your driving habits, you can find coverage that fits your budget and needs. Companies like The General, Dairyland, Progressive, State Farm, and National General specialize in providing options for high-risk drivers, ensuring that you can stay insured and on the road as you work towards a cleaner driving record. Remember to shop around, explore discounts, and take steps to become a safer driver to gradually lower your insurance costs over time.

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