What is High Risk Auto Insurance and Do I Really Need It?

understanding high risk auto insurance

What is High Risk Auto Insurance and Do I Really Need It?

What you need to know about high risk auto insurance.

As a driver in the state of Florida, you know that there are certain standard auto insurance coverages that you should carry.  However, in some cases, these standard coverages might not be enough.  In some cases, you will have to secure Florida high risk auto insurance.  But what is this coverage and what does it entail?  Here’s what you need to know about high risk auto insurance.

What is it?

High risk auto insurance is a type of insurance specifically designed to provide coverage for drivers with past driving violations, poor credit, or inexperience behind the wheel.  If you have been deemed too risky for standard insurance carriers to offer you a policy, then you will likely have to rely on high risk auto insurance to secure the coverage that you need.  Unfortunately, high risk translates into higher insurance costs.  This means that high risk auto insurance is more expensive than normal car insurance policies.  Keep in mind that the cost of your coverage will vary depending on the reason you have been declared high risk.

What determines if you are a high risk driver?

There are many different ways that you can be flagged as a high risk driver.  Some of the most common include the following:

  • Being convicted of DUI
  • Being a young or first-time driver (this generally only applies when inexperienced drivers are trying to secure their own policy as opposed to being added to an existing policy)
  • Having lapses in your auto coverage
  • Having poor credit
  • Having a history of serious driving violations (such as hit-and-runs, excessive speeding, multiple accidents, and so on)

Will I always be considered high risk?

While auto insurers might consider you high risk right now, your status can change if you prove yourself a safe and responsible driver.  While it will take time, focus on keeping your driving record clean and eventually you will once again be able to secure standard auto insurance protections.

This is what you need to know about Florida high risk auto insurance.  Do you have additional questions regarding your car coverage needs?  If so, then do not hesitate to contact the experts at Staybull Insurance.  We are ready to assist you with all your specialty car insurance needs today.


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