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Last updated on April 7, 2021
Insurance is required for vehicles everywhere in the United States except Virginia and New Hampshire. If you are one of the 300 million Americans outside of these two states, you must have car insurance. Insurance companies earmark some drivers as “high-risk drivers” for having low credit scores, nice cars, being over 70, lapses in previous insurance agreements, and many other reasons.
Many high-risk drivers do not wish to buy insurance because their premiums are exorbitantly high. High-risk drivers who actually want to buy insurance to protect their vehicles, not necessarily fulfill legal requirements, still find it difficult to pay the high premiums necessitated by high risk.
There's no way to lose the tag of a high-risk driver other than time, raising credit scores — and sometimes it's not possible it all. Fortunately, for both high-risk drivers fulfilling legal requirements and those who want protection in case of accidents, saving money on high-risk car insurance is more than possible. Let's figure out how.
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Take driving courses
Whether you have multiple tickets, accidents, or other driving gaffes in your history, taking approved driving courses can help prove responsibility to insurance companies, lowering premiums.
Such programs are formally known as defensive driving courses and driver training courses. Check online for driving courses in your area and compile a list of them. Next — and most importantly — check with your insurance provider to ensure driving courses you are considering are actually approved. Some driving courses may not be recognized by your insurance company.
Drive a different vehicle
The Insurance Institute for Highway Safety (IIHS) provides IIHS safety awards, determined through various tests. Some vehicles — and there's nothing drivers can do about it — are more dangerous than others, requiring more expensive repairs or being associated with higher serious injury or fatality risks.
Also, the more expensive a vehicle is, the higher car insurance premiums are likely to be. Consider driving a less expensive vehicle to save on high-risk insurance premiums. No one really wants to give up their high-price or luxury vehicle, but it will lower insurance premiums.
Follow your area's traffic laws more closely
People with tickets on their driving histories are more likely to be considered high-risk drivers, further boosting up their monthly premiums. Simple offenses such as parking tickets, even if they aren't directly related to crashing or injuring other drivers, are included in insurance calculations.
Lower insurance premiums from following traffic laws diligently won't come overnight, but will lower them over time. Some insurance companies lower premiums after one year, and some take as long as three years. Check with your insurance provider to learn how long it takes to lower insurance premiums through closer attentiveness to applicable traffic laws.
Find new insurance
Some insurance companies are more risk-averse than others, meaning they are less comfortable with high-risk drivers. One can find cheap auto insurance online by simply searching for new insurance providers. More established insurance companies may be risk-averse because they already have enough clients. Newer insurance providers are more likely to offer lower rates to risk-averse drivers, although your mileage may vary.
Driving more slowly, carefully, and defensively is likely to result in fewer accidents. Sometimes accidents cannot be averted, are 100% other parties' fault, but still count towards raising your insurance premiums. Drivers who do not drive defensively are obviously more likely to end up in a wreck.
Avoiding an accident for at least one or as high as three years — remember, check with your insurance provider about the particular limits — will undoubtedly lower your insurance premiums.
As described, there are several steps to obtaining lower premiums as a high-risk drivers. Short-term approaches include taking driving courses or driving less expensive, safer vehicles. Long-term approaches require safer driving and more closely adhering to applicable traffic laws.