Auto insurance for high-risk drivers in Ontario is designed for drivers who have been deemed high-risk by insurance companies due to their driving record, vehicle type, or other factors. These drivers often face higher insurance premiums and may struggle to find coverage.

Who are high risk drivers ?

Auto insurance companies categorize drivers into different risk categories, with high risk drivers being those who pose a greater financial threat to the insurer. High risk drivers are more likely to file a claim or be involved in an accident, which leads to higher insurance premiums. The following are some of the factors that can categorize a driver as high risk:

Age

Young and inexperienced drivers are considered high risk, as they are more likely to engage in risky driving behaviors.

Driving record

A history of moving violations, such as speeding, reckless driving, or DUI, can lead to a high-risk classification.

Location

Drivers who live in areas with high traffic or crime rates are often classified as high risk.

Type of vehicle

Certain types of vehicles, such as sports cars, are more likely to be involved in accidents and therefore classified as high risk.

Credit score

Insurers consider a low credit score as an indicator of financial stability, which can lead to a higher risk classification.

Claims history

A history of multiple claims can result in a high-risk classification, as it signals a pattern of problematic driving.

Tips on finding cheaper auto insurance for high-risk drivers

There are a few things high-risk drivers in Ontario can do to minimize the impact on their auto insurance.

Shop around:

Different insurance companies have different risk assessment methods and pricing strategies. Shop around and compare quotes from different insurers to find the best coverage for your needs.

Take a defensive driving course:

Taking a defensive driving course can improve your driving skills and help you become a safer driver, which can reduce your insurance costs.

Consider a usage-based insurance program:

Usage-based insurance programs, such as telematics programs, track your driving habits and reward good driving behavior with lower insurance rates.

Maintain a good driving record:

Keep a clean driving record by following traffic laws, avoiding accidents and traffic violations, and being a responsible driver.

Drive a safer vehicle:

High-risk drivers may benefit from driving a safer vehicle with modern safety features, as these vehicles are often considered less risky by insurance companies.

Conclusion

In conclusion, high-risk drivers in Ontario can take steps to reduce the impact of their driving history on their auto insurance rates. However, it is important to remember that insurance premiums will vary based on many factors, so it is always best to shop around and compare quotes from different insurance companies.