Its 2016 and a lot of different drivers are out on the road. Do you know how your insurance company classifies you as a driving risk? Drivers are categorized into three groups. Preferred, Standard and Non-Standard (High Risk) are the levels of driver risk. Knowing where fall will give you the know-how to improve your rating with insurance companies.
Preferred drivers have most of the good characteristics insurance carriers love. These drivers typically get the BEST Rates and usually have no claim activity. If you are a preferred driver this puts you in control because if you do not like your insurance company or agent, it will be easy to shop around and possibly get a lower rate.
Characteristics of a Preferred Driver:
- Clean driving record
- No at-fault Claims
- Good insurance score
- 6 months prior insurance with liability limits of 100/300 or HIGHER
Standard drivers are right in the middle of the good and bad. Most insurance carriers will write a policy for you and you have room to get a better rate over time. A standard driver might only have one issue to work on in order to move into preferred driver status. HOWEVER, knowing what is holding you back from a preferred rate is most of the battle.
Characteristics of a standard driver:
- One or two minor traffic violations
- No more than one at-fault accident
- Average insurance credit score
- 6 months of insurance
If you are a standard risk driver, it is possible to get a good insurance rate, especially if you have good credit. Example: a standard driver with one traffic violation can still get an awesome rate if they have excellent credit. Or if their credit is bad but they have a clean driving record. It’s a combination of both that gives an undesirable rate.
High Risk drivers are the step-child of the insurance industry and is never the ideal risk. Prices can be very high particularly if you have a lien on the car and need to carry comprehensive and collision coverage. High Risk drivers are more likely to have accidents and file multiple claims. Because of the high cost of insurance, high risk drivers often let their insurance policy lapse, putting them in an endless cycle.
Characteristics of a high risk driver:
- Major traffic violation
- Combination of at-fault accidents and tickets
- No prior insurance
- Horrible insurance credit score
Changes in your driving status can happen at any time. Knowing what is affecting your insurance risk will help you get control of your insurance rate. Focus on your driving record and credit score while maintaining continuous coverage at all times to get into the preferred market.
Contact us TODAY and let us pair you with the right auto insurance policy that best fits your needs. Call us at 509-456-8993 or Click GET A QUOTE and one or licensed agents will give you a call.