Some insurance companies may consider certain drivers with a high probability of having car accidents to be “high risk.” While most insurers, including Progressive, can charge higher premiums to inexperienced drivers or drivers who are prone to accidents, there is no term “high-risk auto insurance policy” at Progressive. Try to get a quote for your new address before you commit so that you can understand how your car insurance rates may be affected. Auto insurance companies generally only allow you to share an insurance policy with someone you live with, or sometimes with an immediate family member who doesn't live with you. If you're denied auto insurance coverage, the best short-term option is to look for an alternative provider, such as a company that offers non-standard or high-risk insurance policies.
Working with an insurance agent can also make things easier in this case, as they can submit their application to several insurance companies at once. Consider other things about yourself that aren't strictly negative, but that can nonetheless affect your eligibility for car insurance and, if you can, make lifestyle adjustments. If you were denied a car insurance quote because of an issue you can control, it will probably benefit you to resolve or minimize the problem. To find the best insurance companies for high-risk drivers, CNBC Select analyzed dozens of insurers that offer coverage to high-risk drivers.
It may be less fun to drive, but a safe and sensible car can save you a lot of money on your insurance bill. Every car insurance company considers your risks differently and will set the price of your car insurance premium accordingly. If you're having trouble getting car insurance because of your credit, it's worth taking the necessary steps to repair your credit. If you checked with all the low-cost auto insurance companies nearby, you might have better luck opting for a high-risk auto insurance company, also called a non-standard insurer.
This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. JD Power is among the best auto insurance companies available in terms of customer satisfaction and offers some of the most affordable rates for people with at-fault accidents, speeding tickets, driving under the influence of alcohol, or driving drunk. If your car insurance company classifies you as a high-risk driver, you're likely to pay more than the average driver. Keep in mind that premiums and policy structures advertised for auto insurance companies are subject to fluctuation in accordance with company policies.