Nobody wants to be labelled as a high risk driver. Not only does it look bad on a person's driving record—it also makes their insurance rates more expensive.While there is no escaping this part (at least for a few years), there are fortunately a few things that can help lower a high risk driver's rates.
High risk drivers looking to pay less are usually recommended to raise their deductibles. A deductible, as you probably already know, is a specified sum of money that an insured person is asked to pay before their insurance company agrees to pay their claim. By raising their deductible—something that high risk drivers and regular drivers alike are only required to pay aften an accident—a person is guaranteed to save money every month... unless an accident occurs, that is. Which brings us to our next point...
If a person wants to bring down their rates for good, keeping a clean record is the best way to do so. Sure, it takes a few years. In Canada, insurance companies are only allowed to see the last three years of person's driving record and demerit points take two years to disappear. But at the end of the day, nothing is more important than learning from past mistakes—especially when such mistakes could potentially endanger your life and the lives of other people.
Finally, people looking to lower their insurance rates are encouraged to shop around for companies offering high-risk insurance policies. For more information, visit www.sharpinsurance.ca.