Best Rates for High Risk Auto Insurance

Many of us have experienced the anxiety of earning an armed escort to the side of the road from the boys in blue.  You were going too fast… or you pressed your luck on that yellow light.  The anxiety likely comes from two different places but both have the same basic impact.  You’re going to be out some money.  There’s the cost of the ticket you’re about to get—but this likely pales in comparison to the increase in the cost of your car insurance that’s coming as the result of your transgression.  Rack up a few tickets in 1-3 years and you’ll find the true meaning of “special treatment” from the insurance company.  You’re now considered high risk.

The phrase Best Rates for High Risk Auto Insurance is a combination of words used by folks about to experience a severely dented bank account.  But everything’s relative—and hunting around will produce fruit when you’re trying to save money…  An independent agent will normally have his “go to” company when searching for options on behalf of a customer.  Independent agents normally have a great selection of providers from which to choose.  As part of our research into just who may provide the most help, we interviewed some independent and captive agents to try to uncover just who their “go to” companies may be.

The top of mind carrier for most independent agents seems to be Progressive.  This doesn’t mean they’ll be universally the lowest (why you’re “high risk” is the big factor here), but when agents are pressed—they think of Progressive first.  Safeco seems to be riding right behind Progressive and at least one agent described them as a company making a concerted effort to win “high risk” business from Progressive.  Victoria… a subsidiary of Allied (which in turn is a subsidiary of Nationwide) is also mentioned as a competitive carrier.

When you approach an agent for the Best Rates for High Risk Auto Insurance, he or she will automatically do a couple of things.  They’ll run a CLUE Report as well as an MVR.  “CLUE” stands for Comprehensive Loss Underwriting Exchange.   A report is generated that tells the insurance company what accidents you’ve been involved in.  The MVR or Motor Vehicle Report provides details on any moving violations you have…  States differ with respect to how long these matter—but generally speaking, moving violations will stay on your MVR for 3 to 5 years.  The other wrinkle is that some carriers, for underwriting purposes, will use the date of conviction while others will use the actual date of the violation.  Safeco, for example, will use the date of your actual ticket when underwriting your policy… Progressive and Nationwide/Allied/Victoria will use the date of conviction.

The best way to find out what you’ll pay and ultimately to sew up the Best Rates for High Risk Auto Insurance, enter your zip code above and choose as many providers as you want to get started.  The guidance we’ve provided may suggest that if you see Progressive, Safeco, and Nationwide (or Allied) in the results—that these would be a good start.  But don’t rule out others…  Farmers, State Farm, and Allstate all have subsidiary companies as well that include competitively priced coverage for high risk auto insurance.

So what are you waiting for?  Start shopping today and confidently secure the best rates for high risk auto insurance!