Inside Scoop To High Risk Auto Insurance Companies
There are people who specialize in dealing with high risk auto insurance companies
. This is insurance for people who do not fit the normal profile for insurance. They could also be for people who have had their policies canceled by insurance companies.
Some of the reasons that this could happen are; new drivers, suspended licenses, canceled insurance, multiple or major convictions, speeding, careless or reckless driving and for people who have had more than one accident.
In Canada and specifically Ontario there are not many such companies that can assist with this kind of cover. If you are one such person, then search for this kind of company and let them arrange cover for you at the best price possible. These matters can be dealt with long distance via email or fax. They will give you a free no obligation quote for you to peruse.
There are some rules that you need to adhere to in order to get this type of cover. You will need to put a down payment of two months premium. This can be done by credit card, money order or certified check.
Obviously high risk drivers will be expected to pay more than Joe Average does for their insurance. Shopping around will however enable you to find the most cost effective cover possible. There are certain rating criteria that are in place and it will not hurt you to find out what these criteria are.
Defining the criteria for high risk cover would be the first port of call. Drivers that have more than three convictions or guilty pleas is the first criteria, followed by DUI (Driving Under Influence of alcohol). Multiple convictions for careless or reckless driving is another.
The insurance companies will right away place people with a history of drunken driving on the high risk list. If you have not consistently had car insurance then this would be in your favor. Younger drivers are considered more of a risk than older drivers are and they will therefore be a higher risk and charged more for insurance. If this is the first time you buy insurance then it is perceived that you are a first time driver and you will most certainly pay more.
The list of criteria goes on and on and it will best for you to do due diligence when searching for, high risk auto insurance companies to get the best quote possible.
