If you’re a new driver in Ontario, you may wonder how long you’ll be considered a high-risk driver. This blog post will give you an overview of high-risk driving and how it’s determined in Ontario. Additionally, we’ll provide tips on keeping your insurance rates low after being classified as a high-risk driver. Read on to learn how long you can be considered a high-risk driver in Ontario and tips to reduce your insurance premiums!
1. Driving Record
In Ontario, the amount of time a driver is considered high risk depends on their driving record. Generally, drivers that have experienced increased collisions or driving violations are labeled as high-risk drivers for longer than others, while more experienced and safer drivers may have their high-risk status reduced sooner.
It’s important to understand the impact your driving record can have to avoid being categorized as high risk. Working to improve your driving will ensure that you remain off the list in the future as well.
2. Number of DUI Convictions
For those convicted of Driving-Under-the-Influence, their high-risk record can be active for as long as five years. It may seem like an incredibly long time to wait before being able to shake off the label of a “high-risk” driver. However, making this five-year commitment helps the authorities and insurance companies ensure that the roads are safer for everyone. By setting this requirement in place, those convicted must demonstrate through safe driving practices that they will not be a liability on the road.
Furthermore, it allows individuals to make the necessary changes – such as attending classes and taking defensive driving courses – to prove their understanding of the consequences of operating a vehicle while under the influence of drugs or alcohol.
It’s also worth noting that high-risk drivers are typically required to pay a higher premium on their auto insurance policy than standard drivers since they pose more of a risk to insurers.
3. Number of Auto Accidents
Being involved in multiple car accidents has serious repercussions on your driving record and can cause you to be labeled as ‘high risk’. High-risk drivers typically face an increase in auto insurance premiums as companies consider them a greater financial liability. By driving safely and responsibly, you can prevent any costly recurrences and save money on your insurance premium rate.
It is recommended that high-risk drivers receive defensive driving or advanced driving classes, or have periodic brushes with safety regulations, such as seat belt usage. Additionally, it is strongly advised that these drivers remain aware of their respective state laws when sharing the road with other vehicles.
What Happens If You are Labeled a High-Risk Driver?
Your insurance premiums are important to consider when owning a vehicle and planning your finances. Unfortunately, drivers deemed ‘high risk’ can sometimes witness a large increase in their insurance premiums.
If you find yourself in this situation, shopping around for the best rates is important. Researching insurance companies and different policies available can help you get the most bang for your buck when it comes to policies. In addition, ensuring you have all the necessary documentation is beneficial in keeping your premiums low.
How To Reduce Your Premiums If You’re a High-Risk Driver?
Insurance is often necessary to protect assets, but it can be expensive and even more so for those considered high-risk. Fortunately, there are smart ways you can use to reduce your insurance rates. Some tips include:
- Prioritise short-term savings: You can do so by raising deductibles or decreasing your coverage.
- Take defensive driving courses: Consider taking defensive driving courses or driving less frequently. This will help you avoid getting into road accidents and scuffles, keeping your record clean.
- Look for bundled policies: Another way of reducing your premiums is to look for bundled policies. Some insurance providers can provide you with several policies as part of a single, unified package. These packages usually have lower premium rates than stand-alone policies.
- Consider organisational discounts: You can also qualify for discounts by being a member of certain organisations. Research the available options and don’t hesitate to ask your insurance provider about special offers or discounts you may qualify for.
Are you finding the world of high-risk driver insurance policies burdensome and looking for assistance from a professional in the Ontario region? Youngs Insurance Brokers Burlington Inc. can be your one-stop destination!
We are a private insurance broker company that helps clients pick the most appropriate insurance policies for themselves. Our experienced insurance specialists will help you navigate through your insurance alternatives and make you understand your purview of coverage from all perspectives.
Reach out to us at 1(905) 335-6925 for a free estimate.