THURSDAY, MARCH 17, 2022
Risk plays a critical role in determining auto insurance, especially for drivers who are considered high risk or nonstandard. An insurance company classifies drivers according to the risk they present to the insurer. Some drivers may require nonstandard auto insurance because they have multiple violations or accidents or serious violations or other significant operating risks on their records.
Nonstandard auto insurance typically offers the same coverage as a standard auto policy (e.g., comprehensive, collision, liability and uninsured motorist), but it is more expensive. This higher cost is because high-risk drivers typically have more expensive claims. As a result, the insurance company must charge more to these drivers to accommodate the level of risk they assume.
Who Needs Nonstandard Auto Insurance?
Drivers who may need to purchase nonstandard auto insurance include those who:
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Are under 25 years old.
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Carry an SR-22 certificate.
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Have DUIs, DWIs or similar charges.
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Have an accident history.
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Have a poor credit rating.
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Have previously driven uninsured or underinsured.
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Have multiple reckless driving citations.
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Own a vehicle with a salvage title.
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Have a foreign driver’s license or no U.S. driving history.
Suppose you own a luxury vehicle, racecar or another type of vehicle with a higher risk of theft or significant loss. Then you may also need to purchase nonstandard auto insurance. Various other individuals may also need nonstandard insurance. We can help determine what auto insurance coverage you need.
Some factors that cannot be helped may put an individual into the nonstandard insurance category, which can’t be helped. These factors may include being an inexperienced driver, being elderly or living in an area at high risk for theft. But driving records or credit shouldn’t mean a person is placed in the nonstandard category forever. If you understand why you have the nonstandard classification, you can work with your insurer to find out if you can qualify for standard auto insurance rates again.
Get Nonstandard Coverage Today
Nonstandard auto insurance is similar to the auto coverage available to regular drivers. The Insurance Store USA can help determine the appropriate type of auto insurance you need.
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