High Risk Full Coverage Auto Insurance

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State Farm, USAA, Nationwide, Geico, Progressive, and Travellers are the best high-risk auto insurance companies for drivers with tickets and other violations.

High Risk Full Coverage Auto Insurance

Author: Daniel Robinson, Test Author: Daniel Robinson Writer Daniel is a writer on the Guides team and has written for numerous automotive news sites and marketing companies in the US, UK, and Australia, and has focused on automotive finance and car care. Specializes in the topic of. Daniel is his team’s authority on guides on auto insurance, loans, warranty options, auto service, and more.

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Editor: LaShawn Mitchner, Test Editor: LaShawn Mitchner Editor-in-Chief LaShawn Mitchner is an editor on the Guides team with over 10 years of experience covering personal finance and insurance topics.

To consider the best high-risk auto insurance companies, our guide team did a deep dive into a variety of insurance companies. We ranked the best auto insurance companies in the industry based on coverage options and average premiums for drivers who are in high-risk groups due to age or violations.

Drivers in this category generally pay more for coverage. Below, we’ll explain why these six auto insurance companies offer affordable options for high-risk drivers.

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The Guide team is committed to providing you with reliable information to help you make the best decisions about your vehicle insurance. Consumers trust us to provide objective and accurate information, which is why we created a comprehensive rating system to create a ranking of the best auto insurance companies. We collected data on dozens of auto insurance companies and rated them based on a variety of ranking factors. After 800 hours of research, we finally came up with an overall rating for each insurance company, and the one with the most points topped the list.

Drivers in the high-risk category may exist for a single reason or a combination of reasons. Potential high-risk factors include:

These risk factors are what the best high-risk car insurance companies primarily use when setting premiums, as they can increase the likelihood that a driver will file a claim. People with few of these factors are considered low-risk drivers by insurance companies because they are less likely to file a claim. As a result, the premiums you pay tend to be lower.

A person who has one or more of these factors may be considered a high-risk driver. These motorists will almost certainly have higher premiums and may have difficulty finding coverage at all.

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*Note: Unless otherwise noted, average rates quoted in this article are for full coverage auto insurance. High-risk driver cost data uses the profile of a 35-year-old male driver unless otherwise noted. Unless otherwise noted, we compare these rates to the national average for a typical driver profile for a 35-year-old with a clean driving record and good credit.

In most cases, high-risk auto insurance is significantly more expensive than the average annual auto insurance premium of $1,730 for full coverage. Depending on the reason and provider, risk factors may increase your premium.

The table below shows average rates from major providers for high-risk drivers. These numbers are based on a combined average of several risk factors, including young drivers driving under the influence, tickets for driving 21 to 25 miles per hour over the speed limit, and three accidents.

The best high-risk auto insurance companies all count violations and risk factors slightly differently. This means that the provider that offers the lowest rates for one category of high-risk drivers may not work well for other groups of drivers.

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Being convicted of driving under the influence (DUI) or driving under the influence (DWI) is serious enough to result in criminal penalties in many states. Your car insurance premiums may also increase significantly. The table below shows the average minimum car insurance premiums for drunk drivers.

The best high-risk auto insurance companies will assign different severity levels to speeding tickets based on the miles over the speed limit that the driver has logged. Speeding tickets and traffic violations can increase your tax rate, but it goes even higher for more serious violations.

The following table shows the average fee for drivers ticketed for going 21 to 25 miles per hour over the speed limit.

Depending on your provider and insurance policy, a single at-fault accident may not significantly increase your premiums. However, if you have multiple car accidents in your driving history, your rate will almost always skyrocket. The table below displays the average rate of drivers who have had his three accidents on their driving record.

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Statistically, young drivers are much more likely to be in a crash. As a result, teen drivers end up paying the highest auto insurance premiums, even if they have a good driving record. The table below shows the providers that offer the most affordable average fares for drivers aged 16 to his 19 years.

The above categories aren’t the only things that affect your car insurance premiums. Insurance companies also use the following variables to determine the fees to charge:

People with poor driving records will pay more for car insurance, but they will receive the same coverage as other drivers. The best high-risk auto insurance companies offer similar coverage options available to most drivers. Depending on your insurance company, there may also be coverage options that you can add to your auto insurance policy.

Liability coverage is required in all states that require auto insurance, and some states require additional coverage types. Standard insurance coverage includes:

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The best high-risk auto insurance companies also offer optional coverage. When you combine state-mandated liability and injury coverage with the options below, you get what’s called full-coverage auto insurance.

Most insurance companies offer other non-standard insurance options, such as roadside assistance, rental car reimbursement, and accident coverage. While these provide peace of mind and additional support, they also increase the total cost of coverage.

Overall, State Farm is your first choice, but the best high-risk auto insurance company will depend on your situation. In addition to varying rates, providers offer different coverage options, benefits, and customer service.

State Farm: Editor’s Choice Pros Competitive rates for many high-risk drivers Generous discounts Large network of offices and insurance agents Cons Not available in Massachusetts or Rhode Island

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America’s largest insurance companies have been named Editors’ Choices in our property and casualty insurance research. State Farm is also a top choice for high-risk auto insurance due to consistently low average premiums and generous discounts for high-risk drivers.

Newly licensed drivers and parents of young drivers in the family can enjoy several discounts designed just for them.

In August 2022, we surveyed 6,923 drivers to learn more about their satisfaction with their auto insurance companies. Approximately 19% of respondents were insured by State Farm, making it the most popular insurance company in the survey. State Farm customers are generally satisfied with the company, with an average overall satisfaction rating of 4.2 out of 5.0.

Pros High customer satisfaction Low rates for drivers in most risk categories Cons Only available to military, veterans and their spouses and children Usage-based insurance not available in California, Delaware, or New Jersey

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For qualified high-risk drivers (military personnel, veterans and their spouses, and children), USAA is probably one of the least expensive options. This provider also has the highest customer satisfaction ratings in the industry, receiving the highest scores in nearly every region of J.D. Power’s 2022 U.S. Auto Insurance Survey℠. Due to USAA eligibility restrictions, it was not ranked in this study.

In an August 2022 customer satisfaction survey, less than 6% of respondents reported having USAA auto insurance, but those who did were very satisfied. USAA received his third-highest score in overall satisfaction, scoring an average of 4.3, above the industry average of 4.2.

Our team has found Nationwide’s average rates for high-risk drivers to be competitive across the board. But the company has the lowest average fares for drivers with serious speeding tickets, making it a particularly attractive option for that group. Nationwide also maintains strong ratings from rating agencies such as AM Best and the Better Business Bureau (BBB).

In our customer satisfaction survey, only about 3% of respondents said they were insured by Nationwide. The company’s overall satisfaction rating was 4.1, just 0.1 below the industry average.

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Teen drivers typically have some of the highest premiums in the insurance industry, making it a bit more difficult to find affordable coverage. However, Geico offers relatively inexpensive car insurance for young drivers. His Geico rates, combined with a wide range of discounts, are worth checking out if your teen or other young driver has car insurance.

Geico was the third most popular provider in our 2022 Satisfaction Survey. Approximately 16% of respondents had his Geico car insurance policy

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