Navigating the world of auto insurance can be tricky if you do not have explanations that clarify the terms. If you have been told that you’re a high-risk driver and that non-standard insurance may be the option for you, you may need more information. At Infinity Insurance Agency, Inc. (IIA), we're here to help you understand your options so that you can choose the best auto insurance coverage for your needs. Let's break down what non-standard auto insurance is and how it can be beneficial.
What is Non-Standard Auto Insurance?
Non-standard auto insurance is simply a term used for policy rates designed for drivers who are considered higher risk by insurance companies. This category includes individuals with less than perfect driving records, like those with traffic violations or the unfortunate who have had many car accidents, or other factors that increase the likelihood of filing a claim. Non-standard policies often come with higher premiums due to the increased risk but offer the same coverage as standard policies.
How Does Non-Standard Auto Insurance Differ from Standard Insurance?
The primary difference between non-standard and standard auto insurance is the risk assessment. Non-standard policies are tailored for drivers with unique circumstances that make them more likely to file a claim. This could mean higher monthly premiums compared to standard policies. However, the coverage provided is generally the same.
Who Needs High-Risk Auto Insurance?
Non-standard auto insurance is essential for several types of high-risk drivers, including:
- New drivers: Those with little to no driving history.
- Drivers with lapsed insurance policies: Individuals who have had a gap in their coverage.
- Foreign license holders: Temporary residents, international students, and workers.
- SR-22 certification: Those who need to prove financial responsibility due to serious traffic violations like DUIs.
- Those generally only purchasing minimum coverage.
What is an SR-22?
An SR-22 is a certificate that proves you have the minimum required auto insurance for the state that you live in. It's often mandated for drivers with serious traffic offenses or those involved in accidents while uninsured.
Coverage Options and Features of Non-Standard Auto Insurance
Non-standard auto insurance can include a variety of coverage options such as:
- Liability coverage: Helps to protect against claims from others for injuries or damages.
- Collision coverage: Helps to pay damage to your vehicle due to covered collision accidents.
- Comprehensive coverage: Helps to pay for damage to your vehicle involving covered non-collision-related incidents like theft, fire or vandalism.
How to Choose the Right High-Risk Auto Insurance
Selecting the right policy involves assessing your needs and considering key factors. First, understand your driving history and requirements to determine what coverage you need. Then, look at customer service, coverage options, and the reputation of the insurer to make an informed decision.
Getting Quotes
When shopping for non-standard auto insurance, it's essential to request and compare quotes from multiple insurers to find the best rate. At IIA our team can provide personalized quotes tailored to match your specific needs, so that you can choose the coverage that suits you best.
Tips for lowering your high-risk insurance premiums
To maintain affordable auto insurance, it is crucial to keep a clean driving record by avoiding accidents and traffic violations. Additionally, shopping around and comparing insurance quotes helps you receive the best rate available. Do not forget to ask your agent about potential discounts, as many insurers offer savings for completing safe driving courses or bundling multiple policies.
Once you have established a clean driving record, you may qualify for lower rates, or ‘standard insurance policies’ as they may be called.
Common Misconceptions About Non-Standard Auto Insurance
Myth: Non-standard insurance is expensive: While it may be pricier, shopping around can lead to affordable options.
Myth: Non-standard insurance offers poor coverage: Reliable coverage is available; it just may come at a higher premium due to the increased risk.
If you're ready to find the perfect auto insurance that meets your needs, contact IIA today for a personalized quote. Our team is here to help you choose the best insurance policy tailored to your specific requirements.
Get a quote online or give us a call at 1-855-478-3705 today!