HIGH RISK. LOW COST.

High Risk Driver Insurance in Madison, WI?

If you are looking for information on high risk driver insurance in Madison, WI, we at Action Insurance Agency are here to provide it. High risk is the insurance category reserved for drivers with past driving violations, inexperience behind the wheel, or poor credit. If you meet any of these criteria many insurance companies will consider you a high risk driver and your car insurance premiums will be higher as a result. While some insurance companies won't insure a motorist with negative marks on their driving record, there are plenty of reputable carriers who will insure high risk drivers. We’re here to help you choose the best for your specific needs.

Best High Risk Auto Insurance Companies

If you already fall into one of the categories that requires high risk auto insurance, there are some companies that cost less than others when it comes to insuring you. We constantly monitor and compare that offer this type of coverage on our customers’ behalf. While your rates will differ from others we have insured, our insight can help you figure out where to begin.

On average there are insurance providers that tend to be the cheapest high risk auto insurance option of the bunch in both speeding and young driver scenarios. For the DUI + Accident scenario there are a handful of providers that offer the lowest rates. As with any other business or service, providers change their rates and what they offer as far as coverages as often as they feel best to operate their business. To find cheaper high risk auto insurance, we compare quotes from multiple providers. If you're interested in getting help with what the best options are for you, ask the high risk auto insurance specialists at Action Insurance Agency.

How much does it cost?

Drivers that fall under any of the high risk categories will see their insurance costs rise relative to what an average driver would pay. To give you a sense of what the difference between these rates are a list of data across all 50 states for three categories of high risk drivers was compared. The rates that you will pay for high risk driver insurance is a wide range depending on your driving record and any recent offenses, your state’s requirement for minimum coverages, and the provider that you choose for coverage. We can help you navigate all of this information and ultimately save you money.

How are High Risk Insurance Companies Different?

In most states car insurance companies reserve the right to refuse coverage to high risk drivers, but given that car insurance is a legal requirement, there is a need for high-risk car insurance policies. So how are high risk insurance companies different? First, you should ask whether the company you are working with is well versed in serving high risk drivers. The biggest difference between high risk driver insurance and standard car insurance policies is the cost of coverage. In some situations drivers may even be required to pay the entire premium up front and obtain higher coverage limits. Also, high-risk policies may have limitations or exclusions on who can drive the vehicle, such as excluding coverage if the driver involved in an incident is under the age of 25. Action Insurance Agency exists to help you find the best coverage for the best price. After all, nobody likes paying more for insurance coverage than they absolutely have to, and high risk drivers don’t have it easy when it comes to cost. While liability insurance is the most basic kind of insurance on the market, it will not cover your own injuries and expenses. Just about every high risk insurance policy requires both comprehensive and collision coverage in addition to liability.

About Madison, WI

The basis of the city’s economy and prosperity are founded in government operations and the university of Wisconsin-Madison which was established in 1848. Because of it’s location, Madison is the trade center of a large agricultural area that produces dairy products, corn, tobacco, soybeans and livestock. Health care and insurance services, printing, and manufacturing (truck trailers, medical equipment, and agricultural equipment) are important to the economy. Food processing is one of the major industries, and Oscar Meyer Foods Corp. has its corporate headquarters located in Madison. The USDA Forest Service Forest Products Laboratory established in 1910 also calls the city home.

The capital city of Wisconsin is Madison and it was established in 1838. The city is Wisconsin’s second largest and it lies in the south-central part of the state. It is centred on an isthmus between Lakes Mendota and Monona. Those two lakes and lakes Waubesa and Kegonsa to the southeast, form the “four lakes” group about 75 miles west of Milwaukee. Three different native American tribes were early inhabitants of the area. IIn 1836 the city was founded by James Duane Doty, a former federal district judge and land speculator who held large holdings in the area. A year of aggressive land speculation in the newly created Territory of Wisconsin, Madison was named for President James Madison, who had died that summer. That same year the city’s founder persuaded the legislature to make Madison the permanent capital of Wisconsin and to establish a university there. Although the wooded area was still mostly uninhabited, construction of a capitol building commenced very quickly, and late in 1838 the territorial legislature held its first session in a nearby building. In 1848 Wisconsin became a state and a wealthy businessman from Milwaukee, Leonard J. Farwell, brought industries to begin locating in the city in the year 1850. When the railroad arrived to the area in 1854 steady development ensued.

Madison is a beautiful city whose features include landscaped lakeshores, bicycle paths, and several large parks. Among the parks in the area are Henry Vilas Park which includes the city zoo. The University of Wisconsin–Madison Arboretum on Lake Wingra, and Olbrich Botanical Gardens Governor Nelson State Park on Lake Mendota, Lake Kegonsa State Park on Lake Kegonsa, provide other outdoor recreational opportunities. The city’s skyline is dominated by the State Capitol which was designed to mimic the U.S. Capitol building in Washington, D.C. The white granite dome is topped by a statue which is appropriately named Wisconsin. The statue is made of bronze and created by sculptor Daniel Chester French covered in gold leaf and symbolizes the state motto: “Forward.” The capitol building is located within a thirteen acre park known as the Capitol Square. From May through October the square is the site of a popular farmers’ market, as well as concerts and other events.

Madison is the location for the original campus of the University of Wisconsin, whose 930-acre main campus includes an art museum, geology museum, and a scenic lakeshore path. There are also two other small colleges located in the city. An architectural beauty, The Monona Terrace Community and Convention Center which was built in 1997 is overlooking Lake Monona and based on a 1938 design by famous architect Frank Lloyd Wright. One of Madison’s most popular and well-known spots is State Street. It also includes a large pedestrian mall that extends several blocks between Capitol Square and the campus for the University, and it is lined with shops, restaurants, bars, and art galleries. The city is also the site of Mendota Mental Health Institute which is the state’s first mental health facility established in 1860. Madison is a wonderful place to call home.

Are You a High Risk Driver?

Young Driver

Students and other young drivers are sometimes considered or qualified as high risk. Statistically, drivers in their youth are at a higher risk of getting into an auto accident and insurance carriers adjust their premiums accordingly.

First Time Driver

Regardless of age, drivers who are newly licensed will always face higher insurance rates than more seasoned drivers who've been driving for at least a year or more. That being said, young drivers can save money if they are able to be added to a policy that has more seasoned drivers also listed on the policy. This shortcut ensures when you are a first time driver your premiums will be lower than going it alone.

DUI offense

If you've been convicted of driving under the influence, your premiums will go up. Once you get your license back, you'll need to carry DUI insurance, otherwise referred to as SR-22. This type of coverage is the highest risk coverage a car insurance company can carry and a form must be filed with your state to reinstate your driving privileges. You'll also need to have your SR22 on file with the state for one to five years after your incident. States will vary on how long your DUI will show up on your driving record. Most insurance providers will charge higher rates as long as your DUI is still on your driving record.

Other Serious Violations

While getting a DUI falls into the serious violation category, you'll also find it of no surprise that your insurance premiums will spike if you have other types of serious driving violation (road rage, excessive speeding, hit and run). Higher insurance premiums may be the least of your worries, however, as many of these moving violations are considered felonies which could result in a long list of legal and financial ramifications. The point is, drive safe out there!

Lapse in Insurance Coverage

Regardless of why you chose not to continue you to renew your last car insurance policy, you're going to find premiums are higher when you reapply for coverage. The good news is that once you prove to the insurance company that you're a responsible driver with a little time under your belt again your premiums will drop back down to normal rates. The bad news is it will likely take six months or more for your policy premiums to decrease.

Poor Credit

People who have a poor credit history will can also be deemed high risk drivers. Why is this the case? Insurance companies are always assessing the amount of risk that one driver has over another, and this translates into the insurance policies that they offer to each individual. To decrease their risk they want to insure responsible people. They've determined that checking your credit history is a quick and easy screen to ballpark your level of responsibility in general, in advance of insuring you. There are some insurance carriers who don't do credit checks, but it is becoming more and more common today.

Three Things To Remember

  1. Compare and contrast coverage options

We recommend looking at every option available for high risk insurance. And when you work with Action Insurance Agency we are always aware of the best providers for your situation, whenever your violation occurs. Until you get a thorough assessment from us or do the research on your own, you're never quite sure which carrier will be able to give you the lowest rate. Fortunately, we have made this time consuming and often frustrating process pain free. Again, we handle all of the research for you.

  1. There are steps you can take to lower your rate

You don't just have to be complacent and wait for your insurance rate to drop. With few exceptions, proactive measures like working to improve your credit score, taking driving classes after a violation, or getting good grades as a student, are all methods you have at your disposal. Just remember, your insurance company will want proof of these measures, so it's best to keep good records and to submit them to your insurance provider when you're ready.

  1. Being a high risk driver doesn't last forever

While insurance companies may view you as high risk today, you'll be happy to know your status will change once you've proven you're safe and responsible again. Yes, certain things like getting a DUI will keep you paying increased premiums for an extended period, but most other high risk drivers can begin paying lower rates in a short period of time. DUI offenders are also able to get their status lowered from a high risk driver with a little work and time.

Are you a high-risk driver?

There are several factors that determine whether you are a high-risk driver or not and this varies by state. Most insurance providers make similar considerations in determining what kind of insurance a driver needs although their rates may vary. In general, individuals fall into the high-risk insurance category when there is a higher likelihood that the insured will file a claim. An insurance carrier might consider a driver to be high-risk if they have the following qualifications:

  • Any lapse in car insurance coverage
  • Traffic violation(s) on record, especially recent violations
  • A new or elderly driver
  • Recent DUI conviction(s)
  • Involved in a serious motor vehicle accident

How much does it cost?

Some high-risk factors will raise your rates more than others, and this increase frequently depends on your specific insurance provider as each insurer utilizes its own formula to assess risk. If you have a conviction for driving under the influence it has the potential to double the price of your standard rates. Two or more speeding tickets can increase your rates around 35%. For accidents involving bodily injury, expect rates to go up by around 37%. All of these rates vary depending on the provider you choose. Action Insurance Agency is here to help you make a smart decision for you.

While high-risk car insurance costs more than standard insurance, there are ways that drivers can avoid requiring this type of coverage. The obvious advice to give here is simple: drive safe and don’t drink and drive. Driving more cautiously and avoiding accidents can result in lower rates over time. Choosing to drive a safer vehicle can result in lower insurance costs as well. Action Insurance Agency offers affordable insurance policies and we specialize in auto insurance for high-risk drivers. Contact us today so we can get all of your questions answered!

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