What is Accident Prone Driver Car Insurance?

Answer 1

Accident prone driver car insurance is car insurance with special rates and provisions for high risk drivers. A high risk, or accident prone, driver is a person who is more likely to be in an accident or make a claim.

The insurance companies label drivers high risk primarily for two reasons. The first, and most common, reason is that the driver has demonstrated an inclination for accidents or claims. The second reason is that the driver is a member of a high risk group. Depending on local laws, age, gender, credit record and the crime rate in the insured's home and work area can all play a role in being high risk.

Another way to look at this is that a driver who is accident or claim prone presents a higher financial risk to the insurer. Therefore, the insurer must offset that additional risk by charging a higher rate. Of course, this puts many high risk drivers in a bad situation because even the most basic insurance can be too expensive for their budget.

The good news is that the online insurance industry is booming, and it has presented many options to drivers seeking better rates. In fact, some e-insurers actually specialize in accident prone driver car insurance, and they do that by combining many such policies, which better distributes the risk. For the insured, that translates into significant discounts compared to what is available locally.

In addition, many auto insurance companies also have graduating policies. What that means is that the insured graduates into a lower risk bracket every period usually six months or a year if they do not get into a car accident or make a claim, where they are considered At Fault. These policies tend to more expensive up front, but if a driver sticks to the plan, this style saves much more money in the end.

For starters, be proactive about your driving and credit record. Voluntary driving classes can reduce points and rates, and agreements with lenders can have a similar effect. Once you've done that, use the comparison-shopping websites available online. Also, if you have other insurable property, consider consolidating. Often, the consolidation discount can help offset the premium for high risk.