High Risk Automobile Insurance - Where to Get the Best Rates
By: Brian Stevens | Posted: 15th February 2008
Have you been rated as a high-risk driver? Here's where to get the best rates on high risk automobile insurance.
What is high risk automobile insurance?
High risk auto insurance is a classification given by an insurance company for drivers who present a higher risk to to them. The reasons someone receives this classification include:
* Your driving record - Having too many speeding tickets or having been in a number of accidents, even if you weren't at fault, puts you in the high risk category.
* Your credit rating - Statistics show that drivers with a bad credit rating file more claims.
* Your place of residence - Living in a high-crime area will put you in a high risk category.
* Your profile - Men are considered to be a higher insurance risk than women, teens a higher risk than adults, and drivers who live in a city a higher risk than drivers who live in rural areas.
* Your past coverage - If you've been driving without insurance you're considered to be a high risk driver.
How can I lower my premium?
To lower your premium you can:
1. Raise your deductible. The deductible is the amount of money you pay toward a claim before your insurance kicks in. Raising it from $250 to $500 or $1,000 can save you 10% to 50% on your premium.
2. Drop your collision and comprehensive coverage. If you drive an older car, or a car that's worth less than your premium plus your deductible, dropping your collision and comprehensive coverage can save you 15% to 30% on your premium.
3. Bundle your homeowners and auto insurance. Purchasing your homeowners and auto insurance from the same company can save you 10% to 15% on your premium.
Where can I get the best rate?
Visit http://www.LowerRateQuotes.com or click on the following link to get high risk auto insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on high risk automobile insurance.
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