High Risk Car Insurance: Everything That Canadians Need to Know!

Publié le 12 décembre 2012 par arnav567

Not all drivers are equal: some drive within the speed limits and other road considered to be a race track. Some drive carefully, rarely others make use of flashing lights and disregard any use of winter tires. This type of activity is a major risk for all drivers on the road.

Insurance companies consider high-risk drivers who are more likely to have an accident according to statistics. There are several aspects that may indicate a driver is a case, for example age, driver / input history, etc. Very often, insurers consider someone to be a high-risk driver fit the following profile:

    2 failures in accidents in the past 10 years,
    2 or 3 inputs recent years

Auto insurance itself is not cheap in Canada, Ontario has the highest price, an average of $ 153/month. Being a driver can lead to risky insurance premiums more expensive.

HIGH RISK CAR INSURANCE PREMIUMS: WHAT SHOULD I EXPECT?

The car insurance costs vary significantly across Canada, depending on the province. On average drivers with two or fewer violations in the last three years will pay ~ 25% more than someone without any violations. For example drivers car insurance in Ontario with a wide coverage car insurance (including liability, collision, comprehensive and higher profits damage accidents) pays an average of $ 150 a month, while those with a maximum of 2 violations in the last 3 years should be considered an average of $ 184/month which represents an increase of 23% for the same coverage.

In many cases, the premiums of "dangerous" drivers car insurance can be doubled or tripled depending on your driving record and other factors. Premiums also vary depending on whether the driver already has insurance with a particular company or request a new policy with another company. Your existing company is more likely to simply press the highest level of premiums if you become a high-risk case. The requirements for a new policy are higher - usually do not like insurance high risk drivers emerging from a limited number of companies for those with bad driving record.

What insurance companies offer auto insurance SUCH PROTECTION FOR DRIVERS

As soon as you fall into the category of high risk drivers, many companies refuse to insure you, especially if you decide to apply for a new policy in a different company. Companies that will ensure a higher premium. There are also some insurance companies that specialize in this type of car insurance, insurance companies specialized calls. Here are some insurance companies that offer insurance for high risk drivers:

    PAFCO
    Jevco (Kingsway)
    Coachman Insurance

There is also an organization called Partnership Fund is "funded by the private property and casualty insurance industry that makes insurance available to" increased risk "drivers who otherwise would not be able to get insurance." This association does not issue insurance policies, but works with specific insurance companies issue policies and process claims on your behalf.

Reduce your premiums as pilot RISKY

You can become a safe driver again, if you change your driving behavior and improve its risk profile. It takes three years for all inputs coming from your record. It takes longer to get rid of demerit points - here accidents affect your driving record for up to 6 years. Also, if you have a history of not paying your premiums auto insurance, can affect your ability to obtain a policy and, possibly, the price to be paid.

We hope you avoid becoming a high-risk driver: it is safer for everyone on the road and helps them out of your wallet too. Drive carefully!

Alex Saltykov is a co-founder of InsurEye Inc, a Canadian company that provides online tools to educate consumers about insurance and transparency in the insurance market place in Canada.

Consumer Experience InsurEye Tool is an independent platform for consumer feedback independent insurance. Covers most home insurance, auto, and life and its products nationwide and is free for Canadians to use.

Insurance Price Comparison Tool is based on consumption and aggregate data helps insurance premiums compare to the premiums paid by their peers.

Alex spent years advising insurance clients in both North America and Europe, while he was working for a leading management consulting firms. His areas of expertise are insurance, innovation, information technology and operations.

Article Source:-http://bhishekumar27148.blog.com/2012/12/12/high-risk-car-insurance-everything-that-canadians-need-to-know/