Generally, auto insurance for
high risk drivers tends to be high.
Because
high risk drivers tend to cost more to insure, rates for those who enter the residual pool through MAIPF tend to be significantly higher than the same coverage in the voluntary market.
Not exact matches
Because all OAIP policies are for
high -
risk drivers, who
tend to get into more accidents and file more claims, you will pay steep car insurance rates.
According to statistics, young
drivers under 25, especially males, belong to a
high risk group, i.e. those who
tend to make insurance claims more often than any other group of
drivers.
People with a felony
tend to be
higher -
risk drivers than those without a felony.
High risk drivers generally
tend to get
higher quotes from companies, or may not find many carriers willing to insure them.
However, we find in general for standard
risk or average
drivers, their prices
tend to be on the
high end.
While the state encourages people to find auto insurance on their own, Wyoming insurers have the freedom to accept and deny coverage applicants, and this has left some Wyoming motorists without adequate coverage to stay on the road (generally speaking, insurers
tend to charge
higher premiums or simply avoid covering
drivers who pose
higher risk of losses — aka insurance claims.)
Los Angeles auto insurance and San Francisco auto insurance
tends to come at much
higher rates simply because these cities are more populous and put
drivers at a
higher risk for a car accident.
According to Connecticut's Insurance Department, premiums for
high risk drivers obtained through the Plan
tend to be
higher than average.
Insurers see these vehicles as
higher risk for accidents (
drivers tend to use the speed potential, also increasing the potential for getting traffic fines), more damage (sports cars
tend to be smaller than family sedans) and
higher maintenance costs (sports cars usually are equipped with unique or
high - tech parts which make them costlier to replace).
Teen
drivers tend to be
high -
risk drivers.
Drivers from big cities tend to have higher risks than small city drivers as their locations have higher risks in car thefts, accidents, and other kinds of trouble
Drivers from big cities
tend to have
higher risks than small city
drivers as their locations have higher risks in car thefts, accidents, and other kinds of trouble
drivers as their locations have
higher risks in car thefts, accidents, and other kinds of trouble in all.
Understandably, when a
driver lives in a
higher risk location, insurance rates
tend to increase with the
risks.
Male
drivers are often considered a
higher risk because they
tend to be more aggressive
drivers, according to various studies.
Since young
drivers are considered to be
high risk drivers, the interest rates and the fees for teen auto insurance
tend to be much
higher than the rates and fees for adult auto insurance.
You see,
drivers who have had several accidents in the last five years fall under a
high risk category so insurers
tend to offer them
higher premium rates.
Insurance companies
tend to view some places as
higher risk than others, and as a result, they require
drivers in those places to pay more — sometimes significantly more — for insurance.