High-Risk Auto Insurance
Every Texas driver is required to buy auto insurance, but all insurers have to make a calculated risk by agreeing to cover them. Unfortunately, some drivers are more prone to make mistakes, have wrecks and cause problems behind the wheel than others. These are high-risk drivers, and sometimes it is more challenging for them to get the insurance policy that is most effective and affordable for them.
But even if you’re a high-risk driver, you still shouldn’t have to struggle to get quality auto insurance coverage. That’s why Amco Insurance is dedicated to helping every Houston area driver get the perfect auto insurance solution for them, no matter what their risk profile might be.
To learn more about high-risk auto insurance, keep reading. If you are ready to get coverage, call us at 713-771-2626 or request your free quote now.
Common High-Risk Auto Insurance Questions
Who is a high-risk driver?
To auto insurers, drivers who have higher likelihoods of filing claims on their policies equal greater cost risks. After all, drivers who file a lot of claims place the largest financial burdens on insurers. That’s why most insurers want to get a good idea of a driver’s habits before agreeing to insure them.
Sometimes, based on their analysis of the driver, the insurer might designate the policyholder as a high-risk driver. They may then require the driver to buy a high-risk auto policy, which will provide the right amount of coverage.
Drivers might receive high-risk designations if they:
- Are charged with DUIs/DWIs
- Carry a salvage title on their vehicle
- Have a very high-value or specialty car
- Are new drivers
- Have received a license revocation
- Have a high number of accidents, tickets or other traffic violations on their records
- Carry an SR-22 certificate
- Have a poor credit history
How long do high-risk designations last?
If you receive a high-risk designation from your insurer, then you might find that your auto insurance rates will skyrocket. Some insurers will even refuse to issue policies to high-risk drivers altogether.
However, the good thing about high-risk designations is that they don’t often last forever. For example, most insurers only look at the previous three to five years of your driving history to set your rates. So, if you work conscientiously to avoid having accidents or receiving citations, then you might find that your high-risk designation disappears over time.
What does high-risk auto insurance cover?
A high-risk auto insurance policy is not much different from the average auto insurance plan, and can offer most of the standard benefits available to all drivers, including:
- Liability insurance
- Collision insurance
- Comprehensive insurance
- Uninsured/underinsured motorist coverage
- Other benefits like roadside assistance and rental car reimbursement
Please note, in Texas, all drivers are required to carry at least the following coverage:
- Bodily Injury Liability Coverage: $30,000 per person/$60,000 per accident
- Property Damage Liability Coverage: $25,000
With the help of your Amco agent, you’ll be able to get the minimum mandatory coverage affordably and also augment your plan with the optional benefits that will make your policy expansive enough for you.
What does high-risk auto insurance cost?
Because high-risk auto policies are designed for drivers who are likely to be cost burdens to the insurer, they are likely to cost more than a plan offered to a low-risk driver. When setting rates, your insurer will review factors like your credit history, vehicle value and accident history to determine your risk to them. If they assign you a high-risk designation as a result, then you’ll likely pay more. However, rates still vary from driver to driver.
Your Amco agent is dedicated to helping you maximize your ability to save on your rates while still getting you quality coverage. Let us guide you through the process to find the plan that’s perfect for you.