If you need high risk insurance it is in your greatest interest to find the best high car risk insurance companies around. When considering the providers of this specialty insurance type you need to consider price, reputation, and customer service.
More car insurance companies are now offering high risk insurance policies, giving you more options from which to choose. Every state has different laws regarding car insurance products, so an insurance company that is best in one state may not necessarily be the best in another state. Check your state guidelines for specific information.
Read on to learn all about high risk auto insurance companies and then to compare multiple companies and compare high risk car insurance quotes online along with standard car insurance quotes just enter your zip above!
State Requirements for High Risk Insurance Companies
Every state has requirements set forth that insurance companies must comply with in order to do business in that state. Most insurance companies operate in multiple states, which means the insurance company’s requirements and rating structure may differ depending on where you live. To find out what is legal in your state, you can check with the Insurance Commissioner of your state for a list of their rules.
For example, one state may allow a high risk insurance company to use your credit report for determining your car insurance rate while another state may disallow the use of it. Depending on your credit score and where you live, this may or may not be in your best interest with the various car insurance companies.
Reputation and Customer Service for High Risk Insurance Companies
While it may be tempting to buy car insurance from the insurance company that offers you the lowest rate that may not always be the best choice. When it comes to insurance policies, there is more than just dollars at stake. If you are ever in an accident involving a claim, you need an insurance company that is going to be there for you to assist with the claims handling process, both quickly and efficiently.
Customer service is very important whether you have a general question about your policy or an actual claim that needs to be submitted. Some insurance companies are available by phone, some have local offices, and some have websites that allow you to do live chats 24/7 or even pay your bill or submit a claim online. The way you like to do business should be a determining factor on what type of customer service your insurance company offers.
Reputation is a crucial factor in selecting an insurance company. A business with a strong financial rating is important in the event you have a valid claim that needs to be paid. If you get a great rate from an insurance company that goes bankrupt, or just disappears before you need them, then your great rate turns into wasted premiums and leaves you stranded without insurance. A company that offers quality customer service, has an excellent reputation, and offers fair rates is one of the best high risk insurance companies.
Insurance Rates from High Risk Insurance Companies
Insurance companies charge a much higher premium for high risk insurance policies than for policies that are issued for drivers who qualify for standard car insurance. The rate may be based on a few different factors, including your age, driving record, credit report, and what constitutes you as a high risk driver.
If you are a high risk driver because you are new and inexperienced or mature but over 70, then there is a good chance that you will probably pay a higher premium for your car insurance. However, if you are a high risk driver because of an overly aggressive driving record with multiple violations or severe offenses such as driving while intoxicated, then your premium will be even higher.
Although you may get a better rate from an insurance company that deals exclusively with non standard auto insurance, there is a chance that you can save money by purchasing your policy from the same insurance company that you use for your homeowners insurance. By using the same company for both your home and your car(s), you can get double the multi-policy discount. You will save on your homeowners insurance and you will save on your auto insurance, so the savings may be more beneficial than the lower rate you get elsewhere.
Once you are considered to be a high risk driver then you are most likely going to pay a lot more for your car insurance. However, that does not mean that every insurance company will offer you the same rate. Most insurance companies do have competitive pricing, so you can get a lower rate by simply shopping around for one. You can shop for rates now by entering your zip code in the quote tool provided.