If you are a high-risk driver, getting auto insurance can be difficult. Many companies will charge you more or even refuse to insure you. Mercury Insurance is known for offering insurance for drivers who are unable to get regular insurance due to speeding tickets, accidents, or other risk factors. Knowing what to expect when you get auto insurance from Mercury as a high-risk driver can help you decide if it is the best option for your needs.
Who might be a high-risk driver?
Insurance companies classify drivers as high-risk based on their driving record, age, credit score, and whether or not they have had insurance before. If a driver has a history of reckless driving, speeding, or being involved in an accident, people may consider that driver to be a high risk. This group can also include people with bad credit or lack of insurance coverage. Young and inexperienced drivers are often considered high-risk because they do not yet know how to drive properly on the road.
Insurance companies charge more to drivers who are considered high-risk because they believe they are more likely to file a claim. Some insurance companies do not cover high-risk drivers, but Mercury Insurance does provide coverage for people with poor driving records.
Different Types of Coverage for High-Risk Drivers
High-risk drivers receive the same basic coverage as everyone else with Mercury Insurance. Some examples include liability insurance, accident and comprehensive insurance, uninsured or underinsured motorist coverage, and hospital coverage. People who are considered high-risk drivers may need to purchase additional insurance, especially if they have a history of serious traffic violations.
Mercury may also require high-risk drivers to complete a Form SR-22, which is a permit that shows they have the minimum insurance required by the state. This is often done for drivers who have been convicted of drunk driving, reckless driving, or multiple serious violations. If you have an SR-22, your premiums could increase significantly, but Mercury offers that option for those who need it.
How much does Mercury auto insurance cost for high-risk drivers?
High-risk drivers should expect to pay more for their auto insurance, regardless of which company they get it from. Mercury Insurance’s insurance premiums are based on several factors, including a person’s credit score, where they live, the type of car they own, and their driving record. Mercury is known for its reasonable rates, but drivers with a history of accidents or tickets may pay more than drivers with a clean record.
The exact cost of insurance depends on the specific risks each vehicle poses. For example, a driver with a history of speeding may see a smaller increase in their rate than someone with a DUI. Mercury offers personalized quotes to drivers so they can understand the cost and policy options.
Offer Discounts to Problem Drivers
Mercury Insurance has many offers that can help drivers save money, even though high-risk drivers pay more for their insurance. People who bundle their auto insurance with other types of insurance, such as homeowners or renters insurance, can get discounts. People who take defensive driving courses and a safe driving program can also benefit from lower insurance premiums over time. High-risk drivers can also get better rates in the future by keeping their insurance coverage up to date and improving their credit score.
How to Get Lower Auto Insurance Premiums if You’re a High-Risk Driver
To get lower rates, high-risk drivers need to improve their driving habits, get their insurance, and avoid getting new tickets. Sometimes, taking a safe driving school can get points taken off your license, which can reduce your fines. As violations and accidents are removed from a driver’s record over time, they may benefit from lower insurance premiums and other savings.