Full Coverage Insurance For High Risk Drivers


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

Full Coverage Insurance For High Risk Drivers

Author: Daniel Robinson Written by: Daniel Robinson Author Daniel is a Mentor staff writer and has written for numerous automotive news sites and marketing companies throughout the US, UK and Australia specializing in car finance and car care topics. Danielle is a member of our team of mentors on auto insurance, loans, warranty options, auto services and more.

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Edited by: Rashawn Mitchener Edited by: Rashawn Mitchener Managing Editor Rashawn Mitchener is a mentoring staff editor with more than 10 years of experience covering personal finance and insurance topics.

For our review of the best high-risk car insurance companies, our team of guides took an in-depth look at a range of providers. We’ve ranked the best auto insurance companies in the industry based on coverage options and average rates for drivers in at-risk groups due to their age or violations.

Generally, drivers in this category pay more for coverage. Below, we’ll explain what makes these six auto insurance companies affordable options for high-risk drivers.

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Our team of guides are committed to providing reliable information to help you make the best possible decision about your car insurance. Because consumers depend on us to provide objective and accurate information, we’ve created a comprehensive rating system to compile our rankings of the best auto insurance companies. We’ve collected data from dozens of auto insurance providers to rank companies on a wide range of rating factors. After 800 hours of research, the end result was a comprehensive rating of each provider, with insurance companies scoring the highest on the list.

Drivers may be in the high-risk category for one reason or another. Potentially higher risk factors include:

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

People with more than one of these factors may be considered high-risk drivers. These motorists will almost certainly face higher premiums and may have difficulty finding coverage at all.

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*Note: Unless otherwise stated, the average rates reported in this article are for comprehensive auto insurance. Cost data for high-risk drivers use the profile of a 35-year-old male driver unless otherwise noted. We compare these rates to national rates for a standard driver profile aged 35 with a clean driving record and good credit unless otherwise noted.

In most cases, high-risk auto insurance will cost much more than the average annual auto insurance premium of $1,730 for full coverage. Depending on the cause and provider, your risk factors may add to your premium.

The table below shows the average rates of leading providers for high-risk drivers. These numbers are based on a composite average of several risk factors: a young driver with a DUI, a ticket for driving 21 to 25 mph over the speed limit, and three crashes.

The best high-risk car insurance companies calculate violations and risk factors a little differently. This means that a provider that offers the cheapest rates for high-risk drivers in one category may not work well for drivers in other groups.

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A conviction for driving under the influence (DUI) or driving while intoxicated (DWI) is serious enough to result in criminal penalties in many states. Your car insurance premiums are also likely to increase significantly. In the table below, you’ll find the lowest average car insurance rates for drivers with a DUI.

The best high risk car insurance companies assign varying levels of severity to speeding tickets based on the driver’s recorded miles per hour over the speed limit. Any speeding ticket or traffic violation can increase your cost, but the increase will be higher if you have a more serious violation.

The table below shows some average prices for drivers ticketed for speeding 21 to 25 mph.

Depending on your provider and policy, an accident may not increase your premium significantly. However, having multiple car accidents on your driving record will always increase your rate. In the table below you will find the average rates for drivers with three accidents on their driving records.

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Statistically, younger drivers are more likely to be involved in collisions. As a result, teen drivers face some of the highest car insurance rates, even if they have a clean driving record. The table below shows which providers offer the most affordable average rates for drivers aged 16-19.

The above categories don’t just affect the cost of your car insurance. Insurance companies also use the following variables to determine the rates they charge:

People with poor driving records often pay more for car insurance, but have access to the same coverage as other drivers. The best high risk car insurance companies offer the same range of coverage options that most drivers can access. You will also find coverage options that can be added to your car insurance policy depending on your provider.

Every state that requires auto insurance requires liability coverage, and some states mandate additional types of coverage. Standard insurance coverage includes:

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The best high risk car insurance companies also offer optional coverage. Combining state-required liability and injury protection with the following options gives you what’s known as full coverage auto insurance:

Most insurance companies offer other non-standard insurance options, such as roadside assistance, rental car reimbursement and accident waivers. These benefits can provide peace of mind and additional support, but will also add to the total cost of coverage.

While State Farm is our top pick overall, your best high-risk auto insurance company depends on your situation. In addition to different prices, providers offer different coverage options, benefits and customer service.

Full Coverage Insurance For High Risk Drivers

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

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The nation’s largest insurer is our Editors’ Choice in our study of general insurance. With its consistently low average rates for high-risk drivers and the abundance of discounts it offers, State Farm is also a great choice for high-risk auto insurance.

Drivers who have just received their licenses and parents who have young drivers in the family can get many discounts designed especially for them.

In August 2022, we surveyed 6,923 drivers to learn more about their satisfaction with their car insurance providers. We found that about 19% of respondents have a State Farm insurance policy, making it the most popular insurance company surveyed. State Farm customers were generally satisfied with the company, giving it an average overall satisfaction rating of 4.2 out of 5.0.

Pros High customer satisfaction scores Low rates for drivers in most risk categories Cons Available only to military personnel, veterans, 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, their spouses and children), USAA is one of the cheapest options available. The provider also has some of the highest customer satisfaction ratings in the industry, including J.D.’s 2022 U.S. Auto insurance gets top scores in almost every area in the study. Power℠. Due to eligibility restrictions imposed by USAA, they were not classified into the study.

Fewer than 6% of respondents to our August 2022 customer satisfaction survey reported that they had a USAA auto policy, but those who did were very satisfied. USAA ranked third in overall satisfaction, earning an average of 4.3 and surpassing the industry average of 4.2.

Our team has found that the nationwide average rates for high-risk drivers are generally competitive. However, the company has some of the cheapest average prices for drivers with speeding tickets, making it an especially attractive option for this group. AM Best also maintains an excellent reputation nationwide with rating organizations such as the Better Business Bureau (BBB).

In our customer satisfaction survey, only 3% of respondents reported being insured nationwide. The company received an overall satisfaction rating of 4.1, just 0.1 below the industry average.

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Teen drivers typically face some of the highest premiums in the insurance industry, making it somewhat difficult for them to find affordable coverage. However, Geico offers relatively cheap car insurance for young drivers. Combined with a wide range of discounts, Geico’s rates make it worth checking out if you have teenagers or other young drivers on your auto insurance policy.

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