What is a High Risk Driver?

A high risk driver is someone who is deemed at a high risk of getting into an accident and needing to make a claim on their insurance policy. There are several factors car insurance companies use to determine the risk level of their customers. If you are placed into a high risk driver category you can expect higher premiums on your annual vehicle insurance. The mathematics is simple - low risk drivers are considered a low risk on the road and thus will be rewarded with low premiums; high risk drivers pose more threat on the roads and thus will experience higher premiums.

High Risk Driver Factors

Car insurance companies rate each customer based on their individual risk assessment. You may be surprised how many factors actually make up your car insurance rating or lead to claim denial. Apart from the obvious such as what type of vehicle you drive and your driving history, things like your age, your gender and your lifestyle will also impact your rating. Where you live, where you park your car, how many miles you drive, what you are using your car for and even what safety devices are installed will also matter. Furthermore, even your credit rating will impact your risk assessment when buying car insurance.

Age is a big one when it comes to assessing high risk drivers. If you are under the age of 21 you will automatically be classified as a high risk driver by almost all agencies. This is simply because new drivers tend to get into more accidents than any other age category. Older drivers, on the other hand, experience much lower ratings on average.

Your driving history is also a big indication of your risk level. A poor driving history is going to result in you being placed in a high risk category. A poor driving record does not only mean you have needed to make several car accident claims in the past. Poor driving records include any traffic offenses and violations. This includes things like speeding, DUI arrests, parking fines and outstanding insurance premium payments. The best way to avoid getting placed into a high risk category is to make an effort to keep your driving history clean.

Another thing that can place you into the high risk category is the type of car you drive. Unsafe, high performance smaller cars tend to be riskier on the road. In fact, the Porsche 911 Carerra is one of the most expensive vehicles to insure. Convertibles, foreign models and cars built for speed are also more likely to crash and burn on the highway. And thus, the drivers of these vehicles are considered high risk.

Lowering your Risk Level

The good news for high risk drivers is this - just because you are considered a high risk driver now doesn't mean you need to remain in this category forever. There are ways to reduce your risk level and experience better premiums. While you may not be willing to give up your high performance car, you can install some extra security and safety devices. Furthermore, while you cannot speed up time and make your license say you are 24, you can take a safe driver course which can reduce your risk level.

Finally, as mentioned above, the best way to becoming a low risk driver is to remain as safe as possible on the roads. Even high risk drivers can reduce their rates and become low risk drivers after three to five years of claim-free driving. This is something that all drivers should strive for to not only reduce your ratings but also reduce the number of accidents on the roads.

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