Your age and driving habits influence whether auto insurance providers are willing to insure you. Several factors determine which individuals are considered high-risk and what they pay for coverage. Although drivers can take steps to secure affordable protection, high-risk drivers may find it challenging to do so. Here’s what you should know about insurance for high-risk drivers.

A Guide to High-Risk Auto Insurance

1. Young and First-Time Drivers

Inexperienced drivers are more likely to be involved in accidents. First-time and teen drivers, therefore, are typically considered high-risk. As a result, auto insurance providers may charge them higher rates for liability coverage. Teen drivers may move out of the high-risk category if they’re added to a parent’s existing policy. Maintaining an accident-free driving record will also keep rates manageable. A new driver may, however, pay higher rates until they turn 25.

2. Insurance Lapses

A driver who lets a policy lapse instead of renewing it may be deemed high-risk. Perhaps you stopped making premiums payments midway through your coverage term. Insurers leery of your ability to pay may refuse to insure you or require you to pay higher rates. Always pay your premiums on time. After a year, your agent may reconsider your policy and extend you a lower rate for demonstrating a consistent payment record. 

3. DUI Violations

If you’ve been convicted of driving under the influence (DUI), your auto insurance premiums will likely increase. Some providers may also cancel your policy at renewal time. In addition, the state may suspend your driver’s license.

To get back on track after a DUI conviction, secure SR-22 insurance, which is insurance for high-risk drivers. Until the DUI charge drops off your driving record, which may take five years, expect your premiums to remain high. 

Wilmoth Insurance Agency Inc. in Cookeville, TN, understands the circumstances that affect coverage rates. Their team of experienced auto insurance agents listens without judging. If your driving record has made it difficult to get insurance, call (931) 526-6181 to speak to a friendly representative. Visit their website for details on the agency’s full lineup of products and services.