Our team at Curtis Helms Insurance understands that the language and logic that insurance companies use can be confusing to those who aren’t used to it. One aspect that causes a significant amount of confusion, in our experience, is high-risk auto insurance, as many people aren’t sure whether this type of coverage is appropriate for their situation. In this article, we’ll provide an overview of what exactly high-risk auto insurance is and who it is intended for in order to shed some light on this topic.
- What is High-Risk Auto Insurance? To put it in simple terms, high-risk auto insurance is a type of vehicle insurance offered to drivers who are considered to be more likely to get into accidents. There are multiple factors that insurance companies look at when calculating a driver’s risk level, and we will go over some of the most relevant ones below.
- Who Is It For? Here in the state of North Carolina, whether or not someone is offered high-risk auto insurance mostly comes down to their driving history. Specifically, drivers who have a record of past traffic violations, such as speeding or running red lights, are more likely to be considered high risk by the insurance agency. Similarly, if you have ever received a DUI, DWI, or committed some other serious offense, you will most likely have to buy a high-risk policy. Outside of your driving history, insurance companies are also more likely to consider you a high-risk driver if you have a gap in your insurance coverage history, but you should be able to get your rates back down by driving safely and without incident for a year or two.