Interesting articles about insurance
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High-Risk Driver in Action

Are YOU a High-Risk Driver?

If you are classified as a High-Risk Driver, finding affordable car insurance may prove to be quite a mission. Some insurance companies may decline your insurance application and those willing to insure you, will most likely charge very high premiums.

How are High-Risk Drivers classified?

Insurance Companies take a variety of factors into consideration, but the most common factors are driving habits, personal factors and even your credit history.

Driving Habits and H-RD Classification

Your driving record may be the single most important factor regarding hish-risk driver classification. This includes accidents, DUI and speeding tickets.

Auto Accidents: If you were involved in several car accidents during the last three to five years, it may reflect negatively on your driving record, regardless whether you were the guilty party or not. The fact that you were involved in these accidents, deems you a reckless driver with a probable predilection for more accidents.

Speeding Tickets: Having multiple speeding tickets, increases the possibility of being classified as a high-risk driver. This also increases the possibility of you either causing or being involved in auto accidents.

DUI: Drunken Driving undeniably contributes to classification as a high-risk driver.

 Do Personal Factors influence H-RD Classification? 

What are the personal factors that can contribute to classification as a high-risk driver?

  • Men are regarded as a higher risk than women
  • Living in a city is considered a higher risk than living in the country
  • Newer model cars are also considered a higher risk than older cars with a lower value

Although these factors may not be under your control, they also count certain points towards classification as being a high-risk.

Credit History and High-Risk Driver Classification

Strangely, your credit rating also affects classification as a high-risk driver. People with lower credit ratings are charged higher premiums and vice versa.

Erasing the High-Risk Driver Label

Even if you are classified as a high-risk driver at the moment, the label can eventually be erased.

The average period and industry standard for reassessing a driver is three years. A clean record for that period will go a long way toward being declared a safe driver and paying lower premiums

Drive carefully, never drink & drive, avoid busy areas and do not speed!



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