Without question, the city of Baltimore, Maryland, has some of the highest auto insurance rates and in-depth insurance policy requirements in the country. To make matters worse, motorists that are considered to be high-risk drivers are often faced with even heftier policy rates. If you possess a valid driver’s license, you absolutely want to try to avoid the term high-risk driver at all costs. A somewhat broad term, there are many factors from speeding tickets to accidents that will classify you as a high-risk driver. In order to maintain the lowest possible auto insurance rates, it’s extremely important to not be stereotyped as a high-risk motorist. One of the unfortunate aspects of being placed in this category is that you can be put there without actually being at fault. Undoubtedly, this can be very frustrating for drivers as they are helpless against their increased auto insurance rates.
Categorizing You as a High-Risk Driver
The most common way for you for you to receive the title of a high-risk driver is to be under the age of 21 years old. While this specific rule varies depending on your insurance provider, in the city of Baltimore you are considered to be a high-risk driver until you are over 21. Because of your inexperience as a driver, it is somewhat understandable why insurance providers operate this way. Although this is true, as you become a more experienced driver, without any negative driving incidents, young drivers can eventually receive a good driver discount that will decrease their overall auto insurance rate. In addition, young drivers that receive good grades in school will generally be eligible to receive a discounted insurance policy. Because students with good grades are typically stereotyped as smart, safe drivers, many different insurance companies will reward them for their actions.
Believe it or not, another factor that will contribute to you being placed in the high-risk category is having low credit. While this might seem like the most unfair one of all, it’s a constant truth. This is based on the idea that people with a poor credit score are generally worse drivers and are involved in more accidents than those that have a high credit ranking. In fact, many insurance companies have performed several different studies’s to prove this theory.
Further, possibly the most common way for Baltimore motorists to be classified as a high-risk driver is by having a DUI or DWI conviction on their driving record. By having a driving under the influence of alcohol or drugs conviction, you are guaranteed to have the highest possible auto insurance rate imaginable. In addition to a higher monthly premium, you will also be required to have an SR-22 that adds to the total amount that you pay for your car insurance. Basically, a separate insurance plan that is specifically for drunk driver’s, you will not be able to operate a motor vehicle without this amendment once you have been convicted of drunk driving.