High Risk Driver Auto Insurance
Need Auto Insurance…please help for Insurance agents?
My Auto Insurance will not be renewed due to a very bad judgment on my part (I own my mistakes) My car was stolen when I loaned it to my ex-boyfriend’ in Mexico…..I freaked out and ‘lied’ about where the car was stolen from. The car was found by my ex-boyfriend a few days later and I notified my Insurance; I told them the truth what happened owing to my lie and I dropped the clam. They are not renewing my Insurance stating that I am ‘high risk’ My question is this….will I be able to get other Insurance? I have NO tickets, accidents, no claims, no bad driver record anything. I am STILL covered now and seeking other Insurance, does the new Insurance have access to what the old Insurance said? Again, I have coverage until the end of Jan. ’09, and nothing else wrong EVER although I know what I did was very wrong…..I just freaked out. Please help….thanks
Well, the Insurance Company is correct. You are now considered a “high risk” because of a moral hazard. Meaning you lied to the Insurance Company for compensation. You cannot be denied insurance. All states have a mandatory insurance plan. If you’re denied insurance coverage by 3 insurers in your state you’ll be set up in the insurance plan. It’s an organization that accepts high risk insureds. The premium is usually much higher though. Since you have a clean driving record you should be able to find another insurance carrier no problem. Insurance companies pull your prior insurance and loss history information by a nationwide database. It only shows your prior insurance and liability limits and claims made. The claim you made will show up but it’ll show a $0 payout so it should not be held against you. Don’t stress, you’re fine
Auto Insurance Guide for High Risk Drivers