| Bless your heart if you fall into a high risk category of | | | | category. Why? Well, you quit paying and they quit |
| the car insurance world. High risk means that you are | | | | making any money. They have to reissue policies or |
| a high risk to the insurance company and this could be | | | | reinstate old policies. Best bet - pay your bills and pay |
| for various reasons. Let me give you some idea so | | | | your insurance on time. |
| you can decide if you can afford to be in the high risk | | | | One option that is under your control is the type of |
| category. | | | | vehicle you drive. If you buy a new corvette with 505 |
| Accidents almost always put you in the higher | | | | hp and expect to get the same cost insurance as if |
| category unless you have a clean record and this is | | | | you were driving a Ford Explorer then you are too |
| your first accident. Then, you might be spared. | | | | goofy to be driving a corvette. If the car you chose |
| Otherwise, you'll be in for an expensive insurance | | | | even has a hint of being "sporty", then you might be |
| payment for the next 3 years until these accidents are | | | | bumped into the high-risk group. It is all about statistics |
| cleared off your record. | | | | and cost of repairs. I'm sure smashing up a big money |
| DUI or DWI. Unfortunately, these charges hang around | | | | corvette will cost more to repair than a Toyota corolla. |
| for a while and even if you have a one time offense | | | | How can I lower the rates? Don't have an accident. |
| and otherwise clean record, you still may be penalized | | | | Don't buy the new corvette. Buy an old heavy car |
| and put in the high risk group. Best bet - if you drink, | | | | that's less likely to be stolen and for goodness sake, |
| don't drive. Hello? McFly? | | | | don't drink and drive. If you have already fallen into one |
| Always pay your insurance. If you miss payments or | | | | of these categories, you might still be able to lower |
| decide not to carry insurance for a while, then you | | | | your insurance. Ask you agent about raising the |
| have created a gap. Insurance companies know when | | | | deductible or other advice - put the monkey on his |
| you have gaps in coverage. This is an indication that | | | | back and see what he can do to get your rates to a |
| you won't pay them on time and puts you in a higher | | | | manageable level. |