Posted by As a high-risk driver, you may be faced with a number of challenges when seeking insurance coverage for your vehicle. This is due to the fact that insurance policies targeted at high-risk drivers always aim to break your bank account.
However, there are a number of firms whose insurance plans are very affordable; you’re probably not aware of them yet. So in this well-detailed comprehension, we will explore the best affordable car insurance for high-risk drivers that is available for you.
This article will provide every piece of information you may need concerning this insurance. Therefore, all you have to do is relax and grab yourself some popcorn and a bottle of Coke while we walk you through this educational article.
Before we dive right in, let’s first of all understand who a high-risk driver is.
Who is a High-Risk Driver?
A high-risk driver is an individual who has a higher probability of filing insurance claims than a regular driver. He or she always faces a higher premium rate and may sometimes find it very challenging to get insurance coverage.
Also, a high-risk driver can be considered a driver who has a history of accidents or violations of traffic rules and regulations. You can also be considered high-risk if you have a poor credit score, are young, live in a high-risk area, and some other factors.
In fact, let’s take a better look and discuss more on the factors that classify you as a high-risk driver
Factors that Classify You as A High-Risk Driver
Below are the factors that classify you as a high-risk driver:
Driving Record
Every driver has a driving record. Those who have records of traffic violations, accidents, and driving under the influence are classified as high-risk drivers.
Inexperienced Drivers
Those drivers who are very young or new to driving are considered inexperienced and high-risk drivers. They usually have to pay a higher premium rate.
Vehicle Type
Sports cars, luxury cars, and other fancy vehicles are usually more expensive to insure compared to other smaller cars.
High Annual Mileage
Spending more time on the road increases your mileage and, in turn, increases your premium.
Age and Gender
Male young drivers who are below the age of 25 are usually considered high-risk drivers. It is believed that they are more susceptible to being involved in accidents.
Now that we have discussed some of those factors that contribute to a driver being considered high-risk, let us now delve into the list of the cheapest car insurance companies for high-risk drivers.
Before that, it’s important to note that this list was thoroughly researched and scrutinized using the criteria that have been stated below.
Criteria for Selecting the Best Affordable Car Insurance for High-Risk Drivers
Selecting the best affordable car insurance for high-risk drivers requires a careful evaluation of several key factors.
Hence, below are the criteria that have been taken into account to determine the rankings of the insurance companies:
- Monthly Premium
- Affordability
- Customer Satisfaction.
10 Best Affordable Car Insurance for High-Risk-Drivers
The following are the cheapest car insurance options for high-risk drivers:
- Progressive
- State Farm
- GEICO
- Allstate
- Nationwide
- The General
- SafeAuto
- Esurance
- Farmers
- Bristol West.
1. Progressive
- Year Founded: 1937
- Location: USA
- Monthly Premium: $156
- Affordability: 0.18
- Customer Satisfaction: 4.0
- Claims Satisfaction: 2.4
Pros:
- Progressive has very good and competitive rates
- They offer a good number of discounts to their customers
- They have a good mobile app which makes it easy for you to get their quotes online
Cons:
- Some of their customers complain that their claims process takes time.
- Those who are considered high-risk drivers may be faced with limited coverage options
Why We Chose Progressives: Being one of the top insurance providers, Progressive also offers an extensive number of coverage options and discounts.
Progressive rewards good driving habits by offering discounts to their customers. They are one of the best to call upon when looking for affordable car insurance as a high-risk driver.
VISIT2. State Farm
- Year Founded: 1922
- Location: USA
- Monthly Premium: $172
- Affordability: 1.44
- Customer Satisfaction: 5.0
- Claims Satisfaction: 2.1
Pros:
- They are financially buoyant and stable
- State Farm covers a range of coverage options
- Their customer service is available 24/7
- They have an easy-to-use and navigate mobile app
Cons:
- Their customization option is limited
- Some of their customer complains about the claims process
Why We Chose State Farm: State Farm has efficient services, and they are well known for their personalized service to their customers.
They offer discounts to drivers, even the ones that are considered to be high-risk.
VISIT3. GEICO
- Year Founded: 1936
- Location: USA
- Monthly Premium: $117
- Affordability: 0.00
- Customer Satisfaction: 3.74
- Claims Satisfaction: 2.2
Pros:
- Their boat insurance rates are very good.
- They offer various kinds of discounts for safe drivers
- You can access a lot of options via their mobile app
Cons:
- GEICO has limited customization options for its customers
- Sometimes, it’s hard to reach their customer service.
This is one of the best insurance firms and is known for its user-friendly online platform for getting various quotes.
Why We Chose GEICO: They offer discounts to customers and provide car insurance plans that are very affordable to high-risk drivers.
VISIT4. Allstate
- Year Founded: 1931
- Location: USA
- Monthly Premium: $286
- Affordability: 1.67
- Customer Satisfaction: 3.20
- Claims Satisfaction: 1.90
Pros:
- Allstate has strong financial strength
- Their plans include a variety of discounts
- They have very strong customer service
Cons:
- Sometimes, their claim process may take time.
- May require a separate policy for certain vehicles
Why We Chose Allstate: Allstate is known for working with high-risk drivers, and they offer a variety of coverage options. They also have a user-friendly interface, so you can easily access them.
VISIT5. Nationwide
- Year Founded: 1984
- Location: USA
- Monthly Premium: $150
- Affordability: 0.81
- Customer Satisfaction: 2.99
- Claims Satisfaction: 2.40
Pros:
They have easy-to-reach customer care
You can access their various options through their mobile app.
Cons:
Some customer complaints about the claims process
May require a separate policy for certain vehicles
They have limited customization options
Why We Chose Nationwide: Nationwide provides discounts to their customers and is also among the most affordable insurance companies.
VISIT6. The General
- Year Founded: 1963
- Location: USA
- Monthly Premium: $275
- Affordability: 1.63
- Customer Satisfaction: 3.41
- Claims Satisfaction: 2.00
Pros:
Cons:
- Their claims process can take a long time
Why We Chose The General: The General offers insurance plans to car owners with discounts. Although their premium may be high for high-risk drivers, they provide lower rates to their customers who have met certain requirements.
VISIT7. SafeAuto
- Year Founded: 1993
- Location: USA
- Monthly Premium: $100
- Affordability: 1.78
- Customer Satisfaction: 4.00
- Claims Satisfaction: 2.3
Pros:
- Their rates are very nice, especially if you are looking for an affordable plan
- They have several varieties of discounts
- Their website and mobile app are very easy to use
Cons:
- This company is only available in the United States.
- Their customization options are limited
Why We Chose SafeAuto: The major service of SafeAuto is to provide affordable insurance packages to high-risk drivers. Are you trying to go for an insurance company that offers very cheap car insurance plans, even to high-risk drivers? Then SafeAuto should be on your top list.
VISIT8. Esurance
- Year Founded: 1999
- Location: USA
- Monthly Premium: $150
- Affordability: 1.81
- Customer Satisfaction: 4.20
- Claims Satisfaction: 2.33
Pros:
- They have an exceptional customer service team
- Their website is very easy to use and navigate
- They have various discounts available
Cons:
- They are not available in all locations Limited availability
- Unlike other car insurance companies for high-risk drivers, they are not customizable
Why We Chose Esurance: Esurance is popularly known for its online platform, where you can get insurance quotes and other vital information. It is a subsidiary of Allstate Insurance.
Allstate offers competitive rates for high-risk drivers.
VISIT9. Farmers
- Year Founded: 1982
- Location: USA
- Monthly Premium: $175
- Affordability: 0.53
- Customer Satisfaction: 3.0
- Claims Satisfaction: 2.30
Pros:
- Their plans include optional coverages that is helpful after an accident
- They are highly rated by their customers.
Cons:
- The cost of their auto insurance is high for young drivers.
Have you had a negative driving record before? No problem. Farmers have you covered. They are known for providing insurance coverage to drivers who have had driving violations in the past.
VISIT10. Dairyland
- Year Founded: 1964
- Location: Canada
- Monthly Premium: $230
- Affordability: 0.46
- Customer Satisfaction: 2.6
- Claims Satisfaction: 2.05
Pros:
- They have flexible payment plans
- Their customer service is top-notch
Cons:
- They have higher premiums compared to other insurers
- Dairyland has few customization options
Why We Chose Dairyland: This is another insurance company that specializes in insuring high-risk drivers. They are known for their flexibility and willingness to insure individuals with challenging driving histories.
VISITFAQ on the Cheapest Car Insurance for High-Risk Drivers
Who is a high-risk driver?
This is a driver who is considered to be more susceptible to accidents. This person has a higher probability of filing insurance claims than a regular driver.
How Possible is it to find affordable car insurance for high-risk drivers?
Very possible. Although it may be difficult and will require some effort.
How can I improve my driving record to lower insurance costs?
It may not happen overnight, but by conscious practicing of safe driving habits, not drinking before or when driving, obeying traffic laws, and some other negative behavior, you will be considered a non-high-risk driver and your premium will be reduced.
Can I get discounts as a high-risk driver?
Well, some insurance companies offer discounts to high-risk drivers who demonstrate improved driving habits, so yes, get discounts even as a high-risk driver.
Conclusion
In conclusion, it is vital that high-risk drivers take steps to improve their driving records and maintain good credit scores.
It is important that you become aware that the best affordable car insurance for high-risk drivers may vary depending on your individual circumstances or preferences.
Therefore, it’s essential to compare quotes and coverage options from different insurance providers.
Lastly, we implore you to come around more often so that you can stay updated with the latest updates on insurance.
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