Best Cheapest Auto Insurance For High Risk Drivers Companies in Troy,Tennessee

I'm interested in:

Compare high-risk auto insurance quotes

In under 5 minutes, get personalized high-risk car insurance quotes from Canada's top providers. Find out if you can save on your next insurance policy.

How to compare high-risk car insurance quotes with Ratehub.ca

Share information

Tell us a little about yourself and your auto coverage needs.

Compare quotes

We instantly show you high-risk auto insurance quotes from top Canadian providers.

Save money

Choose your quote and secure your car insurance rate online.

A few things we're proud of

1,200,000

monthly users

11 years

young

Over 1M

better choices made

Trusted partner

to Canada’s top financial institutions

What is high-risk auto insurance

Matt Hands , VP, Insurance and MoneySense

In an ideal world, there would be no collisions or traffic tickets,  all drivers would qualify for the best car insurance rates. But accidents happen. And, correspondingly, insurance premiums rise. If you find yourself in this situation, we're here to help you find affordable car insurance. First, let's take a look at why any driver might be considered high-risk in insurance companies' eyes. Then, we'll give you ideas on lowering your car insurance premiums if you find yourself in this situation.

What is high-risk auto insurance & why should you care?

“High-risk” is a category of car insurance for people deemed more likely to be involved in an accident. There are many reasons why someone might be considered a high-risk driver. These include:

High-risk car insurance might also be a good option for drivers who have had a car insurance policy cancelled for non-payment.

Also, while they may not classify as “high-risk drivers,” men under the age of 25 typically pay the highest car insurance premiums in Canada . Statistically speaking, young men cause more accidents than any other demographic.

How to get a lower premium as a high-risk driver

If you find yourself in the high-risk insurance category, you'll want to focus on actions that may ultimately see your premiums reduced. The most crucial thing in this regard is to be a safe driver. After several years without either a traffic conviction or an at-fault accident, insurance companies may consider you a lower risk and decrease your premiums accordingly.

For young drivers, one way to lower your student car insurance premiums is to complete a recognized driver training course with young drivers. Successfully completing one of these courses signifies to insurance companies that you'll be a good driver and less likely to get in an accident.

Another way to get cheap high-risk car insurance driver is to take advantage of discounts. Most insurance companies offer discounts that allow you to save, such as:

The deductible is the amount that you have to pay if you want to make a claim. For example, if you have a $1,000 deductible and make a claim for $5,000 due to a collision, the insurance company would only be responsible for paying you up to $4,000 (assuming they agree it's a valid claim). Increasing your deductible lessens the insurance company's risks and, therefore, makes you a somewhat more attractive candidate to insure.

Learn more about high-risk auto insurance

Compare high-risk car insurance quotes.

In as little as 5 minutes, you can compare personalized quotes from multiple Canadian providers, for free.

How much does high-risk insurance cost?

Scenario

Annual premium

% increase

Average price of car insurance in Ontario

$1,505

-

2 or less violations in the last 3 years

$2,107

+40%

3 or more violations in the past 3 years

$3,010

+100%

Criminal code offence (e.g. DUI, careless driving) 

$10,000

+564%

High-risk drivers may not be able to get insurance through typical channels like agents, brokers, or comparing quotes online.  A driver who finds themselves in this situation will use the services of the Facility Association.  Facility car insurance guarantees every driver can purchase insurance. 

The Facility Association is not an underwriter. Instead, they work with carriers that offer high-risk insurance. They help drivers in several different provinces, including Ontario, New Brunswick, Newfoundland, Nova Scotia and all the territories. 

After applying for standard high-risk auto insurance, should all insurers deny you coverage, the Facility Association steps in and works with the insurance provider to ensure you have coverage. 

Whether through Facility Association or a specific insurance company, high-risk car insurance can be significantly more expensive ($8,000 - $20,000) than the average car insurance rate. However, the fact that high-risk car insurance exists does help some people drive who, otherwise, might not have been able to get coverage.

How to get auto insurance for high-risk drivers in Canada

Some auto insurance companies will not insure drivers they deem to be high-risk. They will either not issue a policy in the first place or decide not to renew an existing policy if they believe there is an increase in the driver's risk.

However, insurance is available for drivers considered high-risk. 

Many large insurance companies will offer policies to riskier drivers. There are also specialty insurance companies dedicated to serving the high-risk market. 

With auto insurance in British Columbia, Saskatchewan and Manitoba, high-risk drivers can still obtain insurance from their government insurers. 

Finally, in cases where no individual company will insure a person, you should be able to get insurance through the Facility Association as long as you have a valid driver's license and license plates.

Frequently asked high-risk auto insurance questions

What are the best high risk insurance companies?

The companies that specialize in high-risk auto insurance are: Pafco car insurance, Jevco car insurance, and Coachman car insurance. These are considered non-standard market carriers. Intact, Aviva,  Economical, Desjardins, and Travelers insurance are large insurance companies that are viewed as standard market carriers may also insure a higher-risk driver. It all depends on how high of a risk you've been identified as.

If you're too high of a risk, you will end up on the facility insurance market. This will be the most expensive car insurance you will ever pay for.

How can I stop being labelled as a high-risk driver?

In some cases, it can take 20 years, but depending on your accident and claim history, you can see significant improvement in your auto insurance rates in 3-6 years.

Typically, a drive infraction or ticket will stay on your record for 3 years. Any demerit points could stay on your driving record for 6 years. Be sure to follow the rules of the road, avoid risky behaviours - such as stunt driving or driving under the influence, and pay your premiums on time. It's a long road, but well worth the savings. 

How can I get cheap high-risk car insurance in Canada?

If you are looking for ways to save on car insurance as a high-risk drive, unfortunately your options are somewhat limited, but you do have some options to help lessen the overall cost:

Matt Hands, Business Director of Insurance

With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read full bio

Find more great content on our blog

The knowledge bank

A wealth of knowledge delivered right to your inbox.

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs. When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place. Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

Helpful auto insurance links

Auto insurance quotes

Auto insurance basics

Auto insurance resources

English

Popular content

Best Credit Cards

Mortgage Rates by City

Mortgage Rates by Bank

Mortgage Calculators

Education Centre

Disclaimer: Financial institutions pay us for connecting them with customers, including by paying for advertisements, clicks, or when someone applies for/is approved for a product. Terms and conditions apply between you and the provider of the product - please be sure to review them. Product information and details vary for Quebec. The content provided on our site is for information only; it is not meant to be relied on or used in lieu of advice from a professional. Partners/Advertisers are not responsible for the accuracy of information on our site. For complete and current information on any product, please visit the provider’s website. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page. Ontario Mortgage Brokerage #12530, Quebec Ratehub.ca Mortgage Brokerage Firm #3001931116 - Ratehub Inc. o/a Ratehub.ca & CanWise Financial is a licensed mortgage brokerage and CMHC-approved lender. CanWise Financial & CanWise Mortgages are owned and operated by Ratehub Inc. – All rights reserved.