High-risk refers to those drivers with a history of repeated offenses, DUI, and bad credit score. A major violation such as involvement in an accident in which someone gets severe injury or dies can also lead to high-risk classification from most insurance companies. Due to bad history, high-risk drivers often find difficult to get approval when applying for insurance coverage, especially from the general market. Chances are they have gone for companies that specialize in the non-standard insurance market, and Good to Go Insurance is one of them.
Non-standard Insurance Market.
High-risk and low-risk drivers have their separate markets. The standard market is for low-risk drivers while the non-standard market is for their high-risk counterparts. There is only one difference between them: the price. Because high-risk drivers tend to file claims more often, the price for coverage is a bit higher. However, just because you are high risk, it does not always mean you have to pay the huge expense to get proof of insurance. You can always compare prices between insurers or talk to your insurance agents to get the best deal without sacrificing too much on protection. Good to Go Insurance provides various discounts and several payment options that can be useful to manage expenses with a non-standard price.
What Makes A Driver High-risk.
Besides driving records and credit scores, insurance companies use many factors to determine whether you are high-risk or low-risk. One of those is age, meaning both teens and senior drivers are more risky consumers because of the lack of experience and probably visibility problems, respectively. Pricey cars including sports, antiques, and collectibles usually cost more to repair and replacement parts are scarce, so insurance companies tend to classify the drivers as high-risk as well. Other than DUI, some other grave violations to play major factors in high-risk classifications are reckless driving, excessive speeding, driving without insurance, and illegal street racing. During the approval process, good to go insurance does not ask for such detailed information, but only basic personal data including name and address.
Getting Affordable Insurance.
Every state has different rules to regulate auto insurance; this means there will be different minimum coverage requirements. Most (if not all) insurance companies including Good to Go Insurance offers the minimum coverage requirements and some optional extras for examples Collision and Comprehensive. To minimize expenses, high-risk drivers can purchase the minimum coverage only. The problem is that the minimum coverage requirement is different from state to state. Goodtogoinsurance works with a network of subsidiaries, both affiliate and non-affiliate to make sure every consumer’s coverage complies with state’s law. Good to Go Insurance is a subsidiary of American Independent Companies, Ltd., and is working within a vast network of underwriters to provide services in most states in the country.
A good way to get the most affordable coverage is to compare prices before purchasing between companies. When comparing prices, discounts can make for significant save but it depends on eligibility. The good to go insurance offers various discounts in three different categories including Driver Discounts, Policy Discounts, and Vehicle Discounts. A rundown of the discounts are as follows:
- Driver Discounts: Defensive Driving Course, Driver’s Education, Good Student, Homeownership, and Non-owner Discounts. The biggest saving comes from non-owner discounts with up to 25% off the premium. Another good one is Defensive Driving Course, which gives up to 15% off premium fee.
- Policy Discounts: Multi-Car, Paid in Full, Prior Insurance, and Renewal Discounts. Eligibility with prior insurance discount gives up to 40% off premium saving.
- Vehicle Discount: Cell Phone Safety, Airbag and Passive Restraints, Anti-Theft, and VIN Etching. Good to Go Insurance gives up to 15% off premium for every customer who installs those safety features.
It is indeed difficult to be eligible for all discounts, but by taking advantage of some of the biggest savings, it is possible to pay a reasonable amount for coverage despite high-risk classification. The amount of saving can be used for purchasing optional extras including Comprehensive and Collision for a complete protection on the road.
Apart from the discounts, comparing prices will have to include the possibility of different payment options if available. Good to Go Insurance has several payment plans including Economy Plan, Quarterly Plan, and Annual Plan. All plans are for a one-term coverage policy or one year, but Economy and Quarterly divide the payment into installments. With Economy Plan, the installment is due every month, whereas Quarterly allows for payment once every four months. Annual Plan is not an installment, but a paid-in-full option with which consumers must pay upfront. The best thing about this option is that it comes with 31% discount on the premium.