How Much is High Risk Car Insurance in Georgia
High risk car insurance, also known as non-standard insurance, is a policy designed for drivers who are deemed to be high risk due to factors such as prior traffic violations, accidents, or DUI convictions. In Georgia, high risk car insurance rates can be significantly more costly than standard insurance policies. This article will explore the factors that contribute to high risk car insurance rates and provide an estimated cost for these policies in Georgia.
Factors Affecting High Risk Car Insurance Rates:
Several factors can impact how much you pay for high risk car insurance in Georgia:
1. Driving Record: A poor driving record with multiple traffic violations, accidents, or speeding tickets can result in higher rates.
2. Age: Younger and inexperienced drivers are often considered high risk and may face higher insurance premiums.
3. Vehicle Type: High-risk vehicles such as sports cars or luxury automobiles can lead to increased rates.
4. Location: Urban areas with higher crime rates may cause an increase in your high risk car insurance premiums.
5. Credit Score: A low credit score could indicate that you are a high-risk driver and result in higher rates.
How Much Does High Risk Car Insurance Cost in Georgia?
The cost of high risk car insurance varies based upon individual circumstances and the factors mentioned above. In general, a high-risk driver in Georgia can expect to pay approximately 50% to 100% more than a driver with standard coverage.
For example, if the average standard car insurance rate in Georgia is around $1,500 per year, a high-risk policy may cost between $2,250 to $3,000 annually. However, it’s important to note that these figures are just estimates and actual costs can vary significantly based on individual cases and specific providers.
How to Lower Your High Risk Car Insurance Rates:
If you find yourself in need of high risk car insurance in Georgia, there are steps you can take to potentially lower your rates:
1. Maintain a clean driving record: By avoiding traffic violations, accidents, and DUI convictions, you can prove yourself as a responsible driver and may see a decrease in your premiums over time.
2. Take a defensive driving course: Many insurance companies offer discounts for drivers who have completed an approved course.
3. Shop around: Compare quotes from different insurance providers to find the best rates and coverage for your needs.
4. Bundle policies: Combining your auto insurance with other policies, such as homeowners or renters insurance, may qualify you for a discount on both policies.
5. Improve your credit score: By taking steps to improve your credit, you may be able to lower your high risk car insurance rates.
High risk car insurance in Georgia can be considerably more expensive than standard policies due to several factors such as driving record, age, vehicle type, location, and credit score. Estimating the actual cost can vary greatly; however, it’s essential to explore ways to reduce your rates and find affordable coverage that fits your needs.