Nearly everyone who drives is required to buy insurance, and nobody wants to pay more for their coverage than they have to. Unfortunately, if you’ve been classified as a high risk driver, you’ll be required to purchase high risk auto insurance – something you can expect to pay significantly more for than what other drivers will be shelling out. However, there are ways to help take away the sting of these increased rates. These are secrets the insurance companies don’t want you to know about, but they’re legal and they can help lower your insurance premium rates.
Begin With Thorough Comparisons
Though not one of the secrets we’ll be revealing, the first step in finding the best high risk auto insurance is to conduct a thorough comparison of companies that specialize in this type of coverage. The quickest and easiest way to accomplish this is to power up your computer and go online. Typing in “high risk auto insurance” will bring up numerous results, including individual insurance companies as well sites that specialize in comparing quotes from multiple providers. Using one of these comparison sites will save you time and effort.
Now You’re Ready to Save
Insurance companies are crazy for statistics and use them for determining levels of risk for different drivers. This includes things like age, gender, zip code and even where you typically park your car. These are all in addition to your driving record, your credit rating, and whether or not you own your own home.
One secret for saving money on your car insurance is how you describe your job title! Surgeons have been found to have the highest percentage of accidents for which they’re found responsible of any profession. The secret here – don’t answer “surgeon” on an insurance application in the space for “profession.” It’s better to put “doctor” or “health care provider.” Some other examples of job title wording that can save you a bundle include:
- Music teachers typically pay more than teachers
- Chefs’ rates are higher than kitchen staff
- Office managers’ premiums are higher than office administrators
- Construction workers pay more for insurance than builders or bricklayers
Only Get What You Need
Driving a used car that’s on your insurance company’s “safe car” list will save you money, and so will only getting the coverage you need. Theft coverage on your car, for example, would be redundant if you have a homeowner’s insurance policy, which typically covers items stolen out of your car. Older cars of lower value typically don’t require comprehensive coverage, and upping your policy’s deductible amount will also save on premium dollars.
Get All the Discounts
Most insurance companies provide a variety of discounts but won’t mention these to you unless you specifically ask about them. You may be eligible for several discounts so ask your agent for an explanation of all discounts they offer.
Utilize everything available to save on your auto policy. Keep a clean driving record and save even more. And always compare the competition’s coverage.