Insurance Risk

Insurance Risk - How to Find Cheap High Risk Auto Insurance Rates For High Risk Drivers

Executive Summary by James J.Robinson

Insurance Risk. If you're considered a high risk driver, you can almost guarantee that you'll need high risk car insurance. Unfortunately, being a bad driver is not the only factor that makes car insurance companies consider you a high risk. What constitutes a high risk driver?

The cold hard facts are that auto insurance companies consider women less of a risk than men, urban dwellers less of a risk than rural folks and adults less of a risk than teen drivers.

What constitutes a high risk driver?

Demographics

The cold hard facts are that auto insurance companies consider women less of a risk than men, urban dwellers less of a risk than rural folks and adults less of a risk than teen drivers. More specifically when it comes to men, being under the age of 25, definitely means high risk auto insurance.

Credit History

You wouldn't necessarily think that having poor credit would be cause for high risk car insurance, but sadly it is.

Driving Record

Basically, insurance companies require continuous violators to pay for high risk car insurance. Why? Driving without car insurance is taboo. If auto insurance companies see that you've been on the road without coverage or that your previous provider canceled your coverage, then you can expect to pay for high risk car insurance now. Here are some suggestions to avoid high risk car insurance in the future.

Change Vehicles

In many cases, insurance providers only require you to have liability insurance.

Take the time to scout out high risk auto insurance companies in your area. Most insurance companies drop insurance premiums if a driver has had a stellar driving record for at least three to five years. If insurance companies see you making an effort, they might waive your high risk car insurance.

What is High Risk Home Owner Insurance?

Executive Summary by Andrew Bicknell

For some people finding home owners insurance can become quite a headache. One reason this can happen is either the owners or the home itself has been designated as high risk. Which ever the case there are several issues which can cause a home owner to purchase high risk insurance and there are things that can be done to help minimize the cost.

If you live in such a neighborhood then there are certain things you can do to decrease the risk rating of your home.

• Have a security system installed that is hard wired back to a central call center. This makes sure that someone will always be aware when the alarm goes off and can notify the right authorities.
• Have heavy duty locks installed, particularly dead-bolts. If you have a basement be sure that all windows and doors are secured with the appropriate locking devices as well.
• Keep expensive jewelry and other valuable items in a safety deposit box.

Weather and the higher occurrences of natural disasters such as floods, earthquakes, tornados, and hurricanes can also have an effect on home owner insurance rates. If you live in an area prone to these types of conditions your insurance rates will be higher. For instance almost all home insurance does not cover flood damage or destruction. Before purchasing a house be sure to get quotes on what the home owners insurance costs will be. In most cases if two or more claims are filed within one year the home will be classified as high risk, driving up the insurance premiums.

While high risk homeowner insurance will undoubtedly cost more then regular insurance it is important that you purchase insurance to protect your home and family against unforeseen damage that may occur. Even if you fall into the high risk category be sure to shop around to find the lowest rate that adequately protects your investment.

Go to Cheapest Insurance page

: