Each driver on the road is classified with a certain level of risk by the insurance companies. Typically, there are three different categories for drivers, which include preferred-risk drivers, standard-risk drivers, and high-risk drivers. Knowing the differences between these types of drivers is always important to understand your insurance coverage.
- How are These Categories Determined?
Insurance companies use a variety of factories to determine the risk level of a driver. These factors can include the number of traffic violations or the amount of at-fault accidents. Reaching out to a company that specializes in cheap SR22 insurance is a good idea if you are a high-risk driver.
Here is a brief overview of the different risk levels of drivers.
- Preferred-Risk Driver
A preferred-risk driver is anyone with a history of safe driving habits and an excellent driving record. These drivers can often find the best insurance rates. A few of the main characteristics of a preferred-risk driver is someone that is 25 years old or older, has a clean driving record, owns a home, has a good insurance credit score, and has a history of auto insurance coverage.
- Standard-Risk Driver
A standard-risk driver is the most common category, as it falls between preferred and high-risk drivers. Many times, a stand-risk driver can obtain reasonable insurance rates that are slightly higher than a preferred-risk driver. The most common qualities of a standard-risk driver include an average insurance credit score, only one at-fault accident, less than two small traffic violations, and at least six months of auto insurance coverage.
- High-Risk Driver
A high-risk driver is usually someone with multiple traffic violations and will have to pay higher insurance rates. Often these drivers have two or more at-fault accidents, multiple moving violations, or at least one DUI. You may also be classified as a high-risk driver if you have been driving for an extended period without adequate insurance coverage. Reaching out to a company that provides cheap SR22 insurance in Ohio is essential if you are a high-risk driver.
Contact SR-22 Bond of Ohio to Learn More Information
SR-22 Bond of Ohio helps high-risk drivers in Ohio obtain affordable insurance in the state of Ohio. We have over thirty years of experience in helping high-risk drivers find the best insurance coverage. Feel free to give us a call to learn more about SR22 in Ohio!