It may be more difficult to find auto insurance at affordable rates if you have a history of tickets, at-fault accidents, or DUI. Your license could also be suspended, restricted, or revoked if you are reckless or high-risk behind the wheel. You could be without insurance coverage if you engage in these behaviors. Many insurers might consider your driving too risky to qualify for standard auto insurance.
Finding high-risk auto insurance in Wisconsin is an alternative option when standard auto insurance is no longer available or affordable.
High-risk car insurance Wisconsin rates
The cost of your car insurance in Wisconsin depends on factors like your driving history, level of coverage and vehicle usage. High-risk auto insurance is usually less expensive than traditional coverage. Every insurer will have a different rating system and eligibility criteria depending on your driving record. A company might offer affordable insurance to a driver who has been cited for speeding or was involved in an accident. Another insurance company may not cover repeat offenders.
After a speeding ticket, car insurance rates
Speeding tickets can severely impact your premiums depending on the insurer and the circumstances of the ticket. There is no way to predict which insurance company will be the most affordable after a speeding ticket. Bankrate’s analysis revealed that Travelers, State Farm, and USAA are the most affordable insurance companies on average.
A traffic school approved by the Department of Motor Vehicles may help you avoid an increase in your insurance rates due to a speeding ticket. It takes eight hours to complete and can be done online or in person.
Rates for an accident
In Wisconsin, an at-fault accident will generally increase your premiums more than a speeding ticket. The impact of an accident on your premium can vary greatly from one insurance company to the next.
According to Bankrate, USAA’s car insurance was tied with State Farm as the most affordable coverage for drivers with clean driving records. However, a single accident raised premiums by 46%. State Farm’s rates rose an average 31% after an incident. After an accident, the average increase in Travelers rates was 53%
Rates for DUI
Driving under the influence is extremely dangerous and creates substantial risk to drivers on the road. DUI-convicted drivers will see their premiums rise significantly.
Drivers convicted of a DUI in Wisconsin may also need to file a certificate of financial responsibility (SR-22) with the DMV to regain their license. Your insurance company should discuss this as they must file the form with Wisconsin on your behalf.
Teen drivers can get car insurance
Because they have little driving experience, teens are often considered high-risk drivers. Because of this, typically, rates increase when insuring a teenager. Rates tend to decrease as teens get more driving experience and avoid accidents like speeding tickets.
Who are high-risk drivers?
All ages and all experience levels are welcome to high-risk drivers. Insurers consider high-risk drivers those who have been convicted of DUI, are involved in multiple accidents, or have committed moving violations. Teens and inexperienced drivers are often high-risk even though they may have clean driving records.
In Wisconsin, if you accumulate 12 or more points on your driving record within 12 months, your license will be suspended for either a few months or up to one year.
How high-risk drivers can lower insurance rates
High-risk drivers might have fewer options for carriers and higher premiums. You can offset higher premiums by lowering the cost of coverage. Take a look at these:
- Compare quotes to find the best coverage for your auto insurance needs.
- Take advantage of as many discounts and offers as you can, including student driver, low-mileage, multi-line, or student driver discounts.
- To keep points off your driving record and remove your suspension of your license, you must complete a traffic school approved by the Department of Motor Vehicles.
- Your collision and comprehensive deductibles should be increased to the maximum amount you are able to afford. You will be paying more if you file an insurance claim for vehicle damage.
You could save hundreds of dollars by getting your car insured for as low as 5%-10%
Questions frequently asked
What is an SR-22?
To regain driving privileges, you might need to file an SR-22 if your driver’s licence is suspended for repeated incidents or a DUI. An SR-22 certificate is a proof of financial responsibility. It confirms that you have the minimum amount of insurance necessary to drive in Wisconsin. This form is filed by your auto insurer with the DMV. This certificate of financial responsibility must be valid for at least three years.
I am a high-risk driver. Do I need extra car insurance?
Wisconsin drivers must have minimum requirements for auto insurance. They are required to carry at least $25,000 in bodily injury liability per person, $50,000 per accident bodily injury liability and $10,000 per accident property damage liability. Uninsured motorist bodily injuries must be covered by drivers at $25,000 per person and $50,000 per accident.
