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State Farm, USAA, Nationwide, Jaco, Progressive and Travelers are the best high risk auto insurance companies for ticketed drivers.
High-risk Car Insurance Options
Written by: Daniel Robinson Written by: Daniel Robinson The author is a staff writer for Daniel Guides and has written for numerous automotive news sites and marketing firms in the US, UK and Australia specializing in auto finance and car care topics. keep Daniel is the team leader in guides to car insurance, loans, warranty options, car services and more.
List Of Car Insurance Companies
Edited by: Rashon Michner Edited by: Rashon Michner Managing Editor Rashon Michner is a Guides team editor with more than 10 years of experience covering personal finance and insurance topics.
For our review of the best high risk car insurance companies, we took an in-depth look at a range of providers in the guides. We’ve ranked the industry’s best auto insurance companies based on coverage options and average rates for drivers who are in high-risk groups due to their age or violations.
Generally, drivers in this category pay more for coverage. Below, we’ll explain what makes these six auto insurers affordable options for high-risk drivers.
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High Risk Car Insurance
The Guides team is committed to providing reliable information to help you make the best possible decision about your car insurance. Because consumers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to organize our ranking of the best car insurance companies. We’ve collected data from dozens of auto insurance providers to rank companies on a wide range of ranking factors. After 800 hours of research, the final result was an overall score for each provider, with insurers scoring the highest on the list.
Drivers in the high-risk category may be due to a single cause or a combination of many. Possible high-risk factors include:
These risk factors are mostly what the best high risk car insurance companies use when setting premiums, as they can increase a driver’s chances of making a claim. People with very few of these factors are considered low-risk drivers by insurers because they are less likely to make a claim. As a result, they pay lower premiums.
Individuals with more than one of these factors may be considered high-risk drivers. These drivers will almost certainly face higher premiums and may have trouble finding coverage at all.
Best Car Insurance For High Risk Drivers In 2023
*Note: Unless otherwise stated, the average rates listed in this article are for full coverage car insurance. Cost data for high-risk drivers use a 35-year-old male driver profile unless otherwise noted. We compare these rates to the national average for a standard driver profile of a 35-year-old person with a clean driving record and good credit, unless otherwise noted.
In most cases, the cost of high-risk car insurance will be significantly higher than the average annual car insurance premium of $1,730 for full coverage. Your risk factors may increase your premium depending on the cause and provider.
The table below shows the average rates of leading providers for high-risk drivers. These numbers are based on a combined average of several risk factors: a young driver with a DUI, a ticket for driving 21 to 25 mph over the speed limit and three accidents.
All of the best high risk auto insurance companies treat violations and risk factors a little differently. This means that a provider that offers the cheapest rates for high-risk drivers in one category may not do well for drivers in other groups.
Preferred Auto Coverage Definition
Being convicted of driving under the influence (DUI) or driving while intoxicated (DWI) is serious enough to receive criminal penalties in many states. It is also likely to increase your car insurance premium significantly. In the table below you will find the lowest average car insurance rates for DUI drivers.
The best high risk auto insurance companies set different levels of severity for speeding tickets based on the number of miles per hour the driver records over the speed limit. Any speeding ticket or traffic violation can potentially increase your rate, but the increase will be higher if you have committed a more serious violation.
The following table shows some average rates for drivers ticketed for going 21 to 25 mph over the speed limit.
Depending on your provider and policy, an at-fault accident may not increase your premiums much. However, having multiple car accidents in your driving history will almost always cause your rates to increase. In the table below, you’ll find the average rates for drivers with three accidents on their record.
Types Of Auto Coverage
Young drivers are statistically more likely to be involved in collisions. As a result, teenage drivers face some of the highest car insurance rates, even if they have clean driving records. The table below shows the providers with the cheapest average prices for drivers aged 16 to 19.
The categories listed above aren’t the only ones that affect your car insurance rate. Insurers also set their prices using the following variables:
Those with a bad driving record often pay more for car insurance but have access to the same coverage as other drivers. The best high risk car insurance companies offer similar coverage options that most drivers have access to. You will also find coverage options that can be included in your auto insurance policy depending on your provider.
Every state that requires auto insurance requires liability coverage, and some states require additional types of coverage. Standard insurance coverage includes:
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The best high risk car insurance companies also offer optional coverage. Combining state liability and injury protection with the following options gives you what’s called full coverage auto insurance:
Most insurers offer other non-standard insurance options such as roadside assistance, rental car reimbursement and accident waivers. They may offer peace of mind and additional support, but they will also increase the overall cost of your coverage.
While State Farm is our top pick overall, the best high risk auto insurance company for you depends on your situation. In addition to different rates, providers offer different coverage options, benefits and customer service.
State Farm: Editor’s Choice Pros Competitive rates for many high-risk drivers Substantial discounts Large network of offices and insurance agents Cons Not available in Massachusetts or Rhode Island
What Determines Your Auto Insurance Rate
The nation’s largest insurer is our Editors’ Choice in our General Insurance survey. Because of its consistently low average high-risk driver rates and abundance of discounts, State Farm is our top pick for high-risk auto insurance.
Newly licensed drivers and parents with younger drivers in their households can get several discounts just for them.
In August 2022, we surveyed 6,923 drivers to learn more about their satisfaction with their car insurance providers. We found that about 19 percent of respondents had a State Farm policy, making it the most popular insurer in the survey. State Farm customers were generally satisfied with the company, giving it an average overall satisfaction rating of 4.2 out of 5.0.
Pros High customer satisfaction scores Low rates for drivers in most risk categories Cons Only available to military members, veterans and their spouses and children Usage-based insurance Not available in California, Delaware or New Jersey
Tips And Ideas For Cutting Car Insurance Costs
For high-risk drivers who qualify (military members, veterans and their spouses and children), USAA is likely one of the cheapest options available. The provider also has some of the highest customer satisfaction ratings in the industry and has earned top scores in nearly every area of J.D. Power 2022 U.S. Auto Insurance Study ℠. Due to USAA eligibility restrictions, it was not ranked in the survey.
Fewer than 6% of respondents to our August 2022 customer satisfaction survey reported buying USAA auto policies, but those who did were very satisfied. USAA earned the third-highest satisfaction score overall, beating the 4.3 average and the industry average of 4.2.
Our team found average rates nationwide for high-risk drivers to be generally competitive. However, the company has some of the cheapest average rates for drivers with speeding tickets, making it an especially attractive choice for this group. It also maintains an excellent reputation with nationwide rating organizations such as AM Best and the Better Business Bureau (BBB).
In our customer satisfaction survey, only 3% of respondents reported having nationwide insurance. The company received an overall satisfaction score of 4.1, just 0.1 below the industry average.
Car Insurance For A Car Older Than 15 Years Old
Teen drivers typically face the highest premiums in the insurance industry, making it somewhat difficult for them to find affordable coverage. However, Geico offers relatively inexpensive car insurance for young drivers. Combined with a wide selection of discounts, Geico’s rates are worth checking out if you have teenagers or other young drivers on your auto insurance policy.
Geico was the third most popular provider in our 2022 satisfaction survey. About 16% of respondents had Geico auto insurance. as usually
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