insurance

What is a high-risk driver?

 

What is a high-risk driver?

The Bankrate.com financial term of the day is: "high-risk driver."

Insurance companies don't like customers who could potentially cost them a lot of money. Auto insurers are wary of the high-risk driver who might be more likely to file a claim. This could be someone whose record already shows a few accidents or traffic tickets, or maybe a teenager who doesn't yet have a driving history, or even someone who owns the type of sports car that you buy if you don't really plan on sticking to the speed limit. A high-risk driver typically pays more for car insurance.

If your insurer considers you a high-risk driver, you'll need to establish a good driving record to get in the company's good graces and lower your rates.

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Chris Kahn

The 4-wheel tradition revs up

We still have a collective interest in conserving gasoline, but so far it hasn't overcome our love of wide, spacious vehicles that can haul a bunch of stuff.  ... Read more


Connect with us