![]() Uninsured motorist coverage: Covers your party’s medical expenses and property damages if an at-fault driver lacks sufficient coverage.Medical payments (MedPay) coverage : Covers medical costs but not lost wages for people in your party, regardless of who the at-fault driver is.Personal injury protection (PIP) : Covers lost wages and medical bills for you and your party, regardless of who caused an accident.Property damage liability : Covers the cost of damages to other vehicles and property in an accident for which you are found at fault.Bodily injury liability : Covers medical expenses and lost wages for other parties in an accident you’re found at fault for.These standard insurance coverages include: Most state minimum requirements include liability coverage, and some states may mandate other or additional coverage types. You’ll also find additional coverage options that can be added to your car insurance policy depending on your provider. The best high-risk auto insurance companies offer a similar set of coverage plans that most drivers have access to. Those with poor driving records often pay more, but they have access to the same coverage as other drivers. Most insurers offer a few car insurance discounts you could qualify for. Discounts : Just because you have blemishes on your driving record or other risk factors doesn’t mean you can’t save on coverage.Generally, your monthly auto insurance rate will be higher if you have a lower deductible. Deductible : You can typically choose where to set your deductible, which refers to your out-of-pocket costs in the event of a covered loss.Coverage : The type of insurance coverage you have on your plan as well as the limits you set have a major impact on your rates.Vehicle : The value, condition and mileage of your vehicle as well as several other factors about it can play a role in your premiums.Marital status : Single drivers are statistically more likely to get into accidents and therefore tend to pay more for car insurance.Drivers with poor credit scores are considered much less likely to pay, so insurers charge them higher rates when possible. Credit score : In states where it’s legal to do so, insurance companies use your credit history as a factor in your rates.Areas with high crime rates or extreme weather conditions will often face higher auto insurance premiums. Location : Prices differ between states, but also vary within them.Insurers also use the following variables to determine the rates they charge: The categories above aren’t the only ones that factor into your car insurance rates. These motorists will almost certainly face higher premiums and may have trouble finding coverage at all. People with more than one of these factors may be considered high-risk drivers. As a result, they tend to pay lower premiums. People with very few of these factors are considered low-risk drivers by insurers since they have a smaller probability of filing a claim. These risk factors are largely what the best high-risk auto insurance companies use when setting car premiums, since they may increase the likelihood that a driver will file a claim. Drivers with lapses in insurance coverage.Drivers with a reckless driving conviction.Drivers with multiple at-fault accidents.Drivers with speeding tickets or other moving violations.Drivers with a conviction for driving under the influence (DUI).Drivers in the high-risk category may be there for a single reason or due to a combination of many.
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