Both standard and non-standard insurance companies may drop you if you have several accidents within a specific time. But, of course, this depends on your degree of fault, bad driving, and other infractions like DUI.
If they don’t drop you, expect to see an increase in your rates. So, it’s advisable to call your insurance company and discuss your high-risk status.
Luckily, some insurance companies offer lower rates to high-risk clients. So, shop around to find the cheapest insurer out there. For example, this Progressive Insurance review can help you know what to look for.
Besides Progressive, these companies offer cheaper rates.
You probably know this company for its famous gecko commercials. But, beyond that, it is also a suitable company for high-risk car owners.
GEICO has a Superior financial capacity of A++ according to AM Best ratings. It also has high ratings for customer service and claims satisfaction.
The 2020 J.D. Power Insurance Shopping Study rated GEICO as the best-scoring insurer. In another Digital Customer Experience Study, GEICO was the top digital insurer in 2020 and 2021. So, if you like using your apps to do your insurance management, this company is good for you.
GEICO offers good prices for high-risk drivers and young drivers. It charges $1,971 after-accident premium. This company can also give you SR-22 filings if you have bad driving or DUI charges.
If you are a high-risk driver, check out GEICO’s rates before engaging another company.
- Good customer satisfaction
- Fewer customer complaints
- Safe driver discounts
- Offers SR-22 or FR-22 forms
- No gas insurance
- Safe driving discounts are not available in all states
This company has the largest insurance market share. If you want to improve your high-risk status, State Farm is another good option.
State Farm also has a Superior (A++) financial capacity rating. Plus, it has good customer service and claims satisfaction for a company its size.
State Farm offers a $1,657 after-accident premium. This pricing is one of the lowest for car owners with DUI charges and other infractions. You can also get your record back on course if you join their Drive Safe & Save.
If the app monitoring your driving habits shows an improvement, you may get up to a 30% discount.
- Good pricing for high-risk drivers
- Countrywide coverage with many local agents
- Discount for safe driving
- Average customer ratings in some states
- Average digital experience
This insurer is a subsidiary of Farmers Insurance, the seventh largest insurer in the U.S. It mainly focuses on high-risk car owners. That’s why it is among the best companies if you have driving infractions, poor credit, no credit, or no prior insurance.
The downside is that Bristol West doesn’t fare well at customer ratings. The National Association of Insurance Commissioners (NAIC) shows that Bristol West had more complaints than the national average. Its complaint index score was 1.80 in 2018. 1.53 in 2019, and 1.83 in 2020. But most high-risk insurance specialists have high complaints.
So, if you are looking for insurers that cover several high-risk factors, Bristol West is a good option. It also provides a good online experience.
- Specialist in high-risk car owners
- Rideshare coverage
- Fewer discounts than other insurers
- Not available in all states
Progressive doesn’t have cheaper after-accident premiums than other companies. It offers $2,231 for high-risk drivers and $1509 for low-risk ones. This is a 48% increase in premium payments.
The advantage of Progressive is the bigger reduction if you improve your driving. The company’s Snapshot feature helps you lower your premium by using data from your driving records. It was among the first companies to introduce this program.
Another great feature is the quoting tool that allows you to compare rates with other companies. This tool also lets you set your price. Once you have set your price, the company gives you suggestions on the best coverages you can get.
Progressive has been offering vehicle insurance since 1937. It is also the third-largest company with a Superior Financial rating (A+) from AM Best.
But it has varying ratings in customer satisfaction. These ratings were below average in two consecutive years: 2018 and 2019. They had good ratings in some states, but they were below average in others.
That said, you can get a good premium reduction because of the custom quoting option. And it offers different prices to different drivers.
- Can offer SR-22
- Snapshot driving option saves up to $146 annually
- Multiple quotes that help you find the cheapest rates
- Inconsistent customer service
- Rates vary from customer to customer
If you want the best after-accident insurer, these companies offer the lowest premium. It is important to compare their rates and discount options to choose the best.