High Risk Car Insurance

There are many different factors that can contribute to a high-risk driver classification. However, your driving record is the most important factor in determining your risk status. If you have been involved in several accidents over the course of a year or within two to three years, these incidents will negatively affect your record even if they were not your fault. Being involved in any accident can deem you a reckless driver with a penchant for getting into dangerous situations. Also, if you have received multiple speeding tickets, you are also increasing your risk of getting into car accidents. You may be labeled a high-risk driver just by the number of speeding tickets you have received.

Some insurers specialize in offering special High Risk Car Insurance Policies for those who own sports cars or who have less than perfect driving records. Because traditional insurance companies lose money on individuals with poor risk, one can expect to pay a High Risk Car Insurance Policy Rate substantially higher than a standard policy.

Insurers who are willing to insure the high risk car driver are rare. Some states come to the rescue of drivers by legislating a program where insurers will provide a High Risk Car Insurance Policy in a state organized "shared market". Although expensive, it allows some drivers back on the road who would otherwise not be permitted.