Auto insurance can be confusing, but for those in the Denver, CO area, the agents with AFI Insurance can help make understanding a bit easier. One term that we often hear that might still be a bit foggy is a high-risk driver. So what is a high-risk driver?
In layman’s terms, a high-risk driver is anyone that is likely to be in an accident and therefore likely to cause a claim and to cost the insurance company money. This means someone that has a poor driving record, and that has had multiple claims and accidents, even those that have been unreported. Another high-risk factor is being under the age of 25. This is because younger drivers have less experience and are therefore more likely in the eyes of the insurance agency to get into an accident.
Being a male is also a high-risk factor because studies have shown that more males are involved in accidents than females. Another high-risk factor is being over a certain age as well. Older drivers have a harder time seeing other drivers, being able to follow traffic rules and more. No matter what your high-risk factor is, there are ways that you can counter these premium rises. Having a driver over the age of 50 can help to reduce premiums, being married can help, having a job, having a house, and having a reason to avoid accidents essentially can help reduce premiums.
Your agent can also look for discounts that you may be eligible for to help reduce and counter your high-risk drivers. If you live in the Denver, CO are, the agents with AFI Insurance can help you figure out what policy is going to work best for you and which are not.