HIGH RISK. LOW COST.

High Risk Driver Insurance in Mt. Horeb, WI

The drivers that are considered the riskiest to insure which translates into also being the most expensive to insure are categorized as high risk. High risk driver insurance is a category of insurance required for a large subset of drivers, many of whom can’t get coverage from major insurers. If your driving record has put you into this category, shopping around for the best rates is crucial because each insurer prices policies differently. When you work with a company like Action Insurance Agency, we do all of the comparison shopping so you don’t have to. This not only saves you time. We can also save you a lot of money.

Best Auto Insurance for High Risk

Although some major insurance companies do insure high-risk drivers, many smaller insurers are set up to specifically cater to this need. Although we always encourage our customers to do their due diligence and look into every option available to them, they always seem to come back to us for their high risk policies when they learn that we have already done a thorough job of researching the best options for them. We only work with providers that are financially stable and who offer the best rates given your situation.

Who needs high-risk auto insurance?

Many companies specialize in high-risk auto insurance for nonstandard drivers, but there’s really no standard definition all insurers use. Some of the reasons you might be flagged as a high-risk driver include people who:

  • Have received moving violation(s)
  • Are newly licensed
  • Are among the elderly crowd
  • Have allowed coverage to lapse
  • Have been convicted of a DUI or DWI
  • Own an exotic or high-powered vehicle
  • Have poor credit

High-risk auto insurers cover drivers who require an SR22 and they have the power to file the form with your state’s department of motor vehicles, if you are required to have it.

How to Improve Your Status

Some factors that make drivers a high risk in the eyes of insurers, such as age, could be outside of your control. Others, like owning an exotic or high-powered vehicle, or choosing to stop driving your vehicles for a period of time until your status improves, may not be things you want to change. But in general, here are some tips to get out of the high-risk insurance category (and lower your rates) as soon as possible:

  • Manage your finances to improve your credit
  • Establish and practice safer driving habits
  • Take a driver safety course and report it to your insurance
  • Talk to your insurance company for better rates 3 years and 5 years after a traffic violation conviction
  • Make sure that you do not have a lapse in coverage

About Mt. Horeb, WI

Located in Southwest Wisconsin, the city of Mount Horeb is situated in a region that is also referred to as the Driftless Area. The area includes parts of northeastern Iowa, northwest Illinois, and eastern Wisconsin. The area is widely regarded as a distinct feature of the Wisconsin landscape, and stretches across a total of eighteen different counties. From wider, flatter expanses to the east, south, west, and north, travelers who cross in and out of the territory today note how the area’s distinctive contours and impressive views emerge. The contours are the result of glaciers that moved around this space long ago, smoothing out the surrounding prairie in its path and leaving behind rolling hills.

The Village of Mount Horeb is located in southwest Dane County. The geographic boundary of the Driftless Area runs down the center of the county. This creates a natural topographical division running east and west. Mount Horeb is located near Blue Mound State Park and it enjoys having access to the Military Ridge State Trail. Located approximately twenty miles southwest of the state capital of Madison, Wisconsin, the city is also located in close proximity to the University of Wisconsin–Madison located in that city.

The Village of Mount Horeb is part of the ancestral territory of the Ho-Chunk Nation. translates “People of the Sacred Language,” or “People of the Big Voice,” are translations for Ho-Chunk. The name is part of the Siouan linguistic family. Starting in 1829, the Ho-Chunk, sometimes referred to by an alternate name, Winnebago, experienced massive amounts of pressure from European and American settlers as their land was taken for use for agriculture and lead mining. The territory was ceded to the United States' Government through three different treaties in 1829, 1832, and 1837. The treaty that was put into place in 1829 encompassed territory that would eventually become the future site of Mount Horeb. These treaties, accompanied by colonizing pressure and fears associated with the Dakota War of 1862, forced the Winnebago tribe west from their land and across the Mississippi River. Today the tribe has no reservation. Instead, 7,100 existing members of the tribe own and use 8,800 acres, located throughout twenty counties in western Wisconsin.

As part of an effort to continue celebrating their Norwegian and Norwegian-American heritage, as well as a reaction to the construction of the Business Highway 18/151 bypass, Mount Horeb transformed itself into the “Troll Capital of the World” in the 1980s. In Norwegian folklore, trolls are known to be about a little smaller than the average human. They have faces that always seem to have a grimace, thick bodies, and tails. The trolls featured in Mount Horeb hearken to this tradition, and residents have incorporated these interesting characters throughout the village. The majority of the trolls, whether they are sculpted, painted on buildings, or carved from logs with a chainsaw, are located along Main Street, also known as the “The Trollway”. Each of the trolls in Mount Horeb have their own distinct identity, such as "the Chicken Thief."

The "Trollway" originated from the Chamber of Commerce's attempts to draw traffic away from the bypass and back into the center of town to promote local businesses.

What is High Risk Auto Insurance?

Some vehicles and drivers today are simply more likely to get into accidents or receive major violations than others. If a driver is considered high risk, the status has an effect on their car insurance premiums. Your driving record will determine if you are in need of high risk car insurance. For example, if you've been convicted of driving under the influence, whether it be for drugs or alcohol, or you have multiple violations such as speeding tickets, you may be considered a high risk driver. This requires special high risk auto insurance.

The timing of when violations have occurred is what is important in determining your car insurance rates. Accidents or tickets that have occurred in the last year will count more than an incident from five years ago.

Lower Your High Risk Insurance Cost

First, contact an insurance company like Action Insurance Agency that specializes in high risk car insurance to get a realistic picture of what your cost might be, based on your driving record. Even when you are considered a high risk driver for auto insurance right now, there are some steps you can take that may lower the premiums insurance companies can offer you:

  • Take a defensive driving course
  • Trade in your vehicle for a model with a better safety record or safety features
  • Follow all traffic laws and drive safely in general, keep your record clean
  • Avoid accidents by driving defensively.

What Is High-Risk?

When an insurance company calculates your premium, they will look at both driving and non-driving factors to determine the level of risk that you have. Insurers typically look at your history to determine the number of:

  • Reckless driving
  • At-fault claims
  • Speeding tickets or other moving violations
  • Racing
  • DWI, DUI and other alcohol related offenses

At-fault Accidents

If you have an at-fault accident, and if there is a bodily injury payout, this can be a major indicator of insurance risk. High risk activity can not only be a financial burden for the insurance company, which is responsible for damages through liability coverage, but it can also be a financial burden with an ongoing accumulation of risk as they insure you moving forward. An at-fault accident increases car insurance premiums significantly.

Reckless Driving

Insurance rates rise by an average of nearly $500 per six-month policy period after a reckless driving charge. This can amount to $3,000 or more during the three-year chargeable period that comes with this violation. In many states, reckless driving is considered a major moving violation which is defined as driving dangerously and without care. Reckless driving has a high potential for causing bodily harm and/or property damage. A reckless driving charge is the third most expensive violation for car insurance, behind only racing and DUI.

Racing

This violation carries some can seriously affect your car insurance rates. Drivers charged with a racing violation can expect to see their insurance premiums jump quite a bit. If you do not want to see your premiums go up for this reason, keep the racing off of public roads.

Speeding Tickets

After a speeding ticket, you can expect your insurance rates to rise, but not as much as when you receive a DUI or DWI. Depending on the severity of the violation, the insurance consequences of a ticket can vary. Less severe violations such as speeding have a smaller impact on insurance premiums. It’s important to remember that speeding tickets are seen as indicators of more serious incidents, resulting in raised insurance rates.

DUI

On average, your car insurance rates can increase significantly every 6-months after you’re charged with a DUI. This can have an effect on your overall financial obligation each month. DUIs result in more property damage, bodily injury, and death benefit payouts than any other infraction. Regardless of where you are located, expect your premium to rise from 40% or more when you’re charged with a DUI or DWI — and this doesn’t include any additional fees or legal ramifications. For more information contact a helpful, informed agent at Action Insurance Agency.

Non-driving Factors

Many factors influence car insurance rates — some of which are unrelated to your driving history. Non-driving red flags commonly used by car insurance companies include:

  • Bad credit
  • New driver
  • Located in a high claim area
  • Lapses in insurance coverage
  • When and how the vehicle is used
  • Type of vehicle

Bad Credit

It makes sense. Your credit score is a reflection of what kind of driver you will be because a credit score is seen as evidence of your level of responsibility. Studies have shown that drivers with low credit scores are more likely to have the need to file a claim when compared with drivers that have better credit. When drivers with poor credit do file claims, this can lead to more expensive payouts. Any time risk is involved, your insurance company will protect itself by charging a higher premium.

Experience

Youth equates to inexperience when it comes to driving, and this is translated into a higher risk. Insurance companies see teenage drivers as high-risk due to their inexperience behind the wheel, and an increased likelihood of filing a claim. If you’re a young driver looking for car insurance savings, we have done our due diligence to save you money and can provide you with the best options.

Location

Your location impacts car insurance rates given that insurance is priced by zip code and regulated by the state you live in. Living in an area that has higher rates can impact your premium regardless of your driving record.

Insurance History

Lapses in your auto insurance are seen as red flags by insurance companies. Drivers with a steady history of carrying car insurance with high coverage levels are seen as more financially responsible than drivers who have allowed their coverage to lapse.

If a driver has no insurance history or a lapse in coverage, when compared with those drivers that do have a history, the former will pay more for their insurance. If your insurance sees that you have a track record of being financially responsible, they will reward you with a lower premium. There are some insurers that do not offer policies for drivers who havn't maintained continuous coverage for the past six months.

Vehicle Use

Whether you use your vehicle for personal or business use, this will be one of the factors that effect your insurance rates. If you use your vehicle for rideshare or commercial purposes, your insurance company might deny coverage outright based on the risk, or a special policy may be required. Using your vehicle in high-density areas and driving more miles can also warrant a premium increase.

Vehicle Type

If you own a high-performance vehicle this is considered as an added risk by insurance companies. Vehicles that are capable of off-roading, reaching high speeds, or that have rare or valuable parts are seen as an additional risk to cover for an insurance company.

How to Save

Don't file collision claims- A collision claim is coverage for when you cause damage to your vehicle when you collide with a fixed object such as a wall, pole, or another vehicle, etc. These claims can significantly increase your premium. Depending on the value of the damage, you could pay more in premium surcharges than the initial out of pocket expenses.

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