High risk car insurance

So, what actually is high risk auto insurance? 

High risk car insurance is a type of auto insurance that is designed for drivers who are considered to be riskier to insure.

Examples of high risk drivers include:

• Drivers who have a history of accidents, traffic violations, or DUI convictions
• New drivers without a lot of experience behind the wheel
• Drivers of performance or exotic vehicles 
• Drivers with a history of insurance claims

High risk car insurance typically has higher premiums than standard car insurance, but it’s a necessary option for those who need to maintain legal driving privileges.

Car insurance is mandatory after all! There’s no way around it. 

Pro tip: Remember, it’s important to shop around and compare rates to find the best coverage for your needs.

Looking for high risk driver insurance?

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The length of time that you’ll be considered a  high risk car insurance client varies. 

For instance, if you’ve been deemed high risk due to a recent traffic violation or accident, you may need to carry high risk insurance for a few years until those incidents drop off your driving record. 

Here are a few other factors that can affect the length of time that you’ll be in the high risk driver category: 

• Cancellation due to non-payment 
• A history of lapses in insurance coverage 

Always shop around and compare rates to find the best coverage for your needs, regardless of how long you need high risk insurance.

Looking for a high risk car insurance quote?

Call us.

As a high risk car insurance client, your risk profile won’t be appealing to some insurance companies. 

Simply put, they won’t want to insure you. 

But there’s still hope. 

Here are three insurance companies that offer high risk car insurance:

• Economical: KBD works with Economical through their Specialty Solutions program to offer high risk car insurance to clients in this category. 
• Desjardins
• Echelon

Plus, here are a few strategies to get the best high risk car insurance for you. 

• Do your research and compare multiple high risk car insurance quotes
• Consider working with an insurance broker who can provide guidance 
• Take steps to improve your driving record 
• Consider opting for a higher deductible 
• Install anti-theft devices to help reduce your premiums.

Remember that while finding car insurance quotes for high risk drivers may be more challenging, it’s still possible to find affordable coverage with the right approach.

Need a high risk car insurance quote?

Call us.

Auto insurance companies consider several factors when assessing risk.

Some of the most common high-risk indicators include drivers with a history of accidents, traffic violations, or convictions. 

Here are a few more factors that can affect your risk profile:

• Young or inexperienced drivers
• Drivers of high-performance or exotic vehicles
• Drivers with poor credit history or a history of lapses in insurance coverage 

Remember: Insurance companies use a variety of rating factors to determine if you’re a high risk auto insurance client. 

The best way to keep out of the high risk auto insurance market is to drive responsibly, and avoid insurance claims. 

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High risk car insurance can be more expensive than standard car insurance, but the exact cost will depend on a variety of factors.

The cost of car insurance for high-risk drivers varies widely depending on things like:

• Age and driving experience: Younger drivers and those with a limited driving history are considered riskier to insure.
• Driving record: If a driver has a history of accidents, traffic violations, or DUI convictions, they may be classified as high-risk.
• Type of car: High-performance or luxury vehicles may be more expensive to insure.
• Coverage limits: Higher coverage limits typically come with higher premiums.
• Location: Rates can vary depending on where the driver lives and drives.
• Insurance company: Each insurance company has its own risk assessment formula and pricing structure.

High risk car insurance can be expensive. Luckily, there are still a few things that you can do to keep your premiums low. 

Read our in-depth guide on how to lower your high risk car insurance premiums if you’re considered “risky” in the eyes of insurance companies. 

Need a high risk car insurance quote? We can help. 

Call us.

Asking yourself how you can get the cheapest high risk auto insurance?

Yeah, we don’t blame you. 

High risk car insurance is expensive. 

Having said that, if you’re looking for insurance as a high risk driver, there are a few things you can do:

• Improve your driving record
• Attend a defensive driving course 
• Increase your deductible
• Install an anti-theft device
• Drive a safer car
• Consult your broker about possible discounts

Ready to speak with an insurance broker?

We can help with that. 

Call us.