6 Crucial Things that Determine High-Risk Car Insurance

High Risk Car Insurance

High Risk Car Insurance

Having a DUI Conviction

Insurance companies look at your prior driving record to determine if you have a DUI, tickets or car accidents. Many insurance companies go back at least 5 years. If you have been charged with or received a DUI or DWI in the past five years this could increase your Kentucky car insurance rates. According to many insurance companies, you can expect insurance rates to increase by 25-50% once you have been convicted of a DUI. If you are convicted of a DUI in Louisville your driver’s license may be suspended or revoked. Having a DUI conviction can put you into a high risk auto insurance category. If you already have a DUI conviction, the best thing to do is to shop for comparison auto insurance rates.

Multiple Speeding Tickets and Traffic Violations

Speeding tickets and traffic violations can also influence your Louisville car insurance rates. Multiple speeding tickets or violations indicate that you may be considered a high risk driver for insurance rating purposes in KY. If you have had multiple at fault auto accidents or not at fault accidents can effect your car insurance rates. If you have filed Injury claims or been hurt or injured in a car accident, this  can make it more difficult to get a good rate. If you were involved in a not-at fault accident and hurt or injured and made a personal injury protection or KY No Fault claim then your car insurance rates can be adversely effected.

Lack of Driving Experience, Youthful Driver, New Driver

A lack of driving experience can significantly effect your Louisville car insurance price. Young drivers and drivers that have only just started driving typically pay more premiums than an older more experienced driver.  New drivers can opt to take a Safe Driving course and have a high GPA to help lower overall car insurance rates.

Credit Score for Car Insurance

A poor or low credit score can adversely effect your car insurance rates. Your credit score can also affect your insurance premiums and determine whether or not you will need to pay high risk car insurance rates.

Lapse in Insurance Coverage and Coverage Gaps

If you have gaps in your insurance coverage you may be paying higher auto insurance rates in Louisville Ky. The insurance companies offer the best rates to drivers with six months of consecutive  coverage with no gaps and no lapses in coverage. If you can maintain an in force policy for six months you may not have to pay high risk car insurance rates.

Vehicle Type

The year make and model of the vehicle will partially determine your car insurance rates.  If you have a high performance vehicle or luxury vehicle or an older vehicle with fewer safety features you may end up paying a high risk auto insurance rates.


Information about our area Louisville KY 

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About Mike Watts

Mike Watts is an independent insurance agent in Louisville KY