All too often, high-risk drivers find their only insurance option costs them a great deal more than their lower-risk counterparts.
How Insurance Companies Determine Rates
Insurance companies determine what a driver will pay based on their risk. They perform a risk assessment on each driver before quoting them a specific price for the cost of insurance. More than just a person’s driving record factors into this assessment. For instance, drivers with more experience pay less than those who are newer drivers, even if a new driver has a flawless driving record.
In order for a more experienced driver to pay more than a new driver, he or she would need to be considered very risky, drive a fast sports car, or having several traffic violations.
In spite of all the factors considered when determining a person’s potential risk, people with spotty driving records are sure to pay more than those with spotless records. If you have a proven track record of driving unsafely and getting into jams when behind the wheel, your insurance company will consider you high-risk and your rate will reflect their assessment. This can wind up costing you a bundle and for some, make insurance down-right unaffordable.
Affordable Insurance for High-Risk Drivers in Texas
So how do you find affordable Texas auto insurance after you have been involved in multiple mishaps? It is not easy, but it is possible. You will need to invest some time and effort into finding all of the rates available to you and you will need to find other ways to save. Even if you have a driving record with several violations, you might still qualify for other discounts on your insurance premiums.
High-risk drivers in Texas should focus on three things to help reduce their insurance cost: improving their driving record, bundling insurance costs, and showing responsibility in other areas of life. Two of these things might take some time to bring rates down, but bundling your costs can save you plenty right now.
If you area high-risk driver who owns a home or needs renter’s insurance or you are living with any other drivers, speak to your insurance provider about bundling coverage. You and another driver in your home can share the same policy and receive a multi-driver discount. You can also buy coverage for your other insurance needs from the same company, entitling you to a multi-policy discount.
Are you a high-risk driver in Texas? Use our free search tool to find the lowest rates available.