Insurance For Unlucky Drivers

Friday, September 2, 2011

So you’ve figured out that you are an unlucky driver. Sadly, when a driver has to put claims through their insurance company it does not matter if the driver or another party is at fault.  The higher the number of claims the higher the insurance rate tends to be. See, when insurance companies consider new clients they are assigned a risk factor. Those who have few tickets and no claims on their license are considered low risk. People with a high incidence of tickets, traffic issues and accident reports are considered high risk by car insurance standards.

If you happen to fall into the latter category finding insurance rates can be difficult. Compounding the issue, is the fact that there are certain demographics that are considered a higher risk regardless of claims or tickets. For example, men under the age of 25 are automatically assigned a higher risk factor. New drivers are also considered a liability.

Thankfully, there are ways to address this issue and find cheap insurance even if you are an unlucky driver who has had several claims and tickets. The first step is to receive as many deductions on your insurance rate as possible. Many insurance companies offer incentives for certain activities, but if you don’t ask about them you won’t receive them.

If you’ve had bad luck with the speeding gods take a defensive driving course. Defensive driving courses are offered by most driving schools and are roughly six hours long. These courses can reduce the points on your license for moving violations and the certificate is often good for up to 10% off of your yearly insurance premium. This can translate into big savings and a cheap insurance rate if used correctly.

If you are considered a high risk driver you might have to “sweeten the deal” for the insurance company. As a bad driver you will need to woo the insurance company; instead of them having to persuade you with better rates than their competitors. One way to get a cheap insurance rate is to combine policies and raise your deductibles. If you have life insurance, homeowners insurance and car insurance spread across three different providers you are missing huge savings. Most insurance companies will offer discounted rates for multiple policy holders. Move all of your insurance policies to one company and watch how quickly the rates drop from astronomical to reasonable.

Another option is to raise your deductible. This also “sweetens the deal” for insurance companies. A higher deductible means you’ll pay out more for repairs.  You can raise the deductible to $1000 or more if you are a risky driver. The premium will drop to accommodate the higher level of responsibility you’ve chosen to take on.

being an unlucky driver can have abysmal effects on insurance rates. Many people feel they are stuck paying high insurance rates even when cheap insurance rates are being advertised across media channels because of their driving record. Thankfully, there are ways to lower insurance to much cheaper insurance rates without jumping through too many hoops. You simply need to know what to ask for.

5 Things To Take Away From This Article

  1. Ask about discounts. They are available but often not advertised
  2. Insurance companies often offer discounts on multiple policies. Move everything to a single provider
  3. Take a defensive driving course and do drive safely.
  4. Raise your deductibles and take on more responsibility to get a break on rates
  5. Ask questions and search around. Research and knowledge are key to getting the best rate possible.
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