How can high-risk drivers lower their premiums?

What does being a high-risk driver mean?

To automobile insurers, a high-risk driver is one who has a high probability of being involved in a claim. Thus, insurers charge high-risk drivers extra in exchange for insuring them.

What may sound like an indelible criminal sentence and an old witch’s curse rolled into one is actually simple to get rid off – assuming you are willing to put the time and effort to make your driving record clean. A new guide written by Insurance Business’ Mark Rosanes gives some helpful tips on how high-risk drivers can get themselves back on the affordable side of the insurance road.

Read Insurance Business’ high-risk auto insurance guide here

The tips are:

• Practice safe driving – Driving tickets and at-fault accidents are removed from records after a number of years, so something as simple as driving safely until your record is clean can help lower a driver’s risk.
• Take driving courses – Taking special driving courses such as those for defensive driving, especially for new drivers, can lead to direct premium discounts – and even reduce the risk of accidents.
• Choose an inexpensive but efficient vehicle – Luxury vehicles and automobiles with modifications almost always cost a lot more to insure than regular vehicles.
• Improve credit rating – For policyholders with poor credit history, meeting the minimum monthly payments can affect their premiums.
• Compare quotes – Even high-risk drivers have the option to shop around for better quotes, much like regular motorists. Brokers should be able to help drivers, regardless of their risk level, to find the best possible policy at an affordable price point.