Auto insurance is a requirement to operate a motor vehicle. However, insurance companies base auto insurance rates partially on your risk as a driver. Because high-risk drivers are more likely to file an insurance claim, they usually pay more for Illinois auto insurance or could be dropped from coverage altogether. Determine if you’re a high-risk driver and understand your auto insurance options when you know the factors that insurance companies use to assign risk.
Factors That Determine if You’re a High-Risk Driver
Insurance companies evaluate several factors as they assign a risk level to drivers. These factors include:
Insurance companies want to see that you’re a safe driver who understands and follows the laws of the road. A history of accidents, citations or violations demonstrates that you’re a high-risk driver who is more likely to cause an accident.
Driving Citations or Violation
Your auto insurance costs typically won’t increase much if you earn an occasional citation or violation for breaking a traffic law or causing an accident. Accrue over six points on your license, however, and you become a high-risk driver.
Driving Without Insurance
You may be tempted to drop auto insurance coverage if it gets too expensive or money’s tight. If you’re caught driving without insurance, though, you will be fined, could have your driver’s license revoked, and may lose your insurance coverage.
Expired License Plate
Annual vehicle registration is required by the Department of Motor Vehicles. It proves that you own the vehicle and have paid all applicable taxes on it. You will be fined for driving a vehicle with an expired license plate, and that potentially jeopardizes your access to affordable auto insurance coverage.
Driving Under the Influence
Driving under the influence (DUI) or driving while intoxicated (DWI) is dangerous to yourself and others. If you’re convicted of a DUI or DWI, your insurance company will possibly suspend your auto coverage.
Driver’s License Suspension or Revocation
When your driver’s license is suspended or revoked, you cannot drive legally. However, when you get your license back, you will need high-risk driver insurance before you can resume driving legally.
If any of the above factors describe you, you’re probably considered a high-risk driver. Increases in auto insurance rates or being dropped from coverage also indicate that you’re in the high-risk category. Contact your auto insurance company if you need further clarification about your risk status.
Auto Insurance Options for High-Risk Drivers
Once you are placed in the high-risk category, you could face significant rate increases or lose your insurance coverage. Talk to your insurance agent about an SR-22.
SR-22 insurance is a certificate or document issued by your insurance company. It proves that you are financially responsible and meet your state’s minimum auto insurance requirements. Depending on your specific case, you may need to carry an SR-22 certificate for several years. If you’re in an accident or accumulate points on your driver’s license during that time, you may need to extend your SR-22 coverage.
Are you a high-risk driver in Illinois? If so, Oxford Auto Insurance can help. We will work to find auto insurance that meets your needs. You can even purchase our auto insurance online and receive instant proof of insurance that allows you to drive right away. We’ll help you get back on the road, despite your high-risk status.