The cheapest full coverage auto insurance for high-risk drivers is from companies such as Progressive, Travelers, and Geico. High-risk car insurance generally costs 30% to 150% more than a regular car insurance policy, but comparing quotes from multiple companies and searching for discounts can help you find cheaper rates.
In addition to comparing rates from the companies that offer the cheapest full coverage insurance, you should also look for discounts from these companies to lower your monthly payment even more. Other ways to lower your premium include opting for your state’s minimum coverage (rather than paying for full coverage) or reducing your mileage, since most insurers take your annual mileage into account when calculating your premium.
Finally, it’s worth noting that most car insurance companies check the past 3-5 years of your driving record for moving violations and accident claims. With that in mind, it’s a good idea to shop around again three years after your latest incident to see if you can get a better deal somewhere else.
Progressive does insure high-risk drivers. Progressive was one of the first auto insurance companies to specialize in covering high-risk drivers, and it remains a major insurance provider for drivers considered to be high risk. Like any other insurance company, Progressive usually charges high-risk drivers more than the average customer.
Drivers with gaps in their history of car insurance coverage
Drivers of most sports cars worth up to $150,000
If you are required to provide proof of insurance with an SR-22 or FR-44, Progressive will file the form for you. Current customers who need one of these forms should call 1-866-749-7436 to tell Progressive which state they are filing in. Progressive will file the form electronically or by mail depending on the state. New customers can get a quote online or via phone and explain that they need an SR-22 or FR-44.
Progressive notes that drivers looking for high risk auto insurance can lower their premium costs through the Snapshot program, which offers discounts to safe drivers based on factors like speed, miles on the road, and braking habits. For young drivers, good-student and teenage discounts can also lower costs, as can multi-car or bundled policies.
Whether or not you’re considered a high-risk driver, you can get a free Progressive quote online or by contacting an agent at 1-855-347-3749.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.