If you are considered high-risk, insurance premiums will cost you more than other drivers. That said, a company offering auto insurance to Sherbrooke-based high-risk drivers will be looking for indicators that you can lower your risk profile in other ways.
For instance, if you are a young driver without a lot of experience to back you up, you could look into the possibility of being placed on your parents' car insurance policy, most likely as an occasional driver.
Or, you could choose to take on an increased deductible. This means, if you are in any way at fault for a collision, resulting in a claim, you will have to pay more out of pocket to cover the cost of the accident.
Having several traffic convictions will also put you in the high-risk category. If you’ve ever had your licence revoked, you are pushed further into the high-risk category.
It’s hard to find cheap auto insurance rates as a high-risk driver. There are, however, insurance companies that cater to high-risk drivers. Failing that option, you can purchase facility insurance, which is a pool that is funded by Canadian insurance companies to offer coverage to high-risk drivers.
Ultimately, you can’t negotiate solutions that minimize risk until you find out what rates are available. Search LowestRates.ca today.