Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in West Virginia?

This would be a real easy article to write if we could just give you the name of the company that has the cheapest coverage in West Virginia. It’s not that easy, however, as there are a whole bunch of unknowns like if you have a coverage lapse, if you own the home you live in, if you want the added protection of full coverage, and if you are a woman or a man, that all influence how much you pay for auto insurance. The content below will cover the different ways to avoid overpaying and should give you a good start to your coverage search.

Cost and performance of the vehicle you are insuring is one of the main factors when comparison shopping for the best cheap car insurance for high risk drivers. Vehicles with reasonable performance levels, a great safety record, or a track record of few liability claims will cost much less to insure than fast, unsafe models. The information below features coverage premiums for a number of the most affordable automobiles to buy insurance for.

Data based on married female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and West Virginia minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Price information does not factor in specific location which can lower or raise prices considerably.

Data based on married female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and West Virginia minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Estimates do not factor in vehicle location which can decrease or increase rates considerably.

Premium data assumes married female driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and West Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in your specific West Virginia location which can impact premium rates noticeably.

Comparing quotes for low-cost insurance is difficult, and determining which company has the lowest-priced car insurance rates for high risk drivers will require even more work. Coverage prices will probably be significantly more expensive than the average policy in West Virginia, with the higher price attributed to the potentially higher risk associated with selling insurance for high risk drivers, but competitive coverage may be available if you do a thorough comparison. Each auto insurance company uses a slightly different approach to set premium rates, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in West Virginia.

It’s a good idea to be aware that West Virginia car insurance rates are influenced by many factors that control the policy price. That is why it is important to shop around to find affordable auto insurance rates for high risk drivers. Insurance prices are impacted by many factors and change frequently, so the best option the last time you compared rates may now not even be in the top five.

Cheap Insurance Rates for Risky Drivers

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Erie may offer some of the cheapest car insurance rates in West Virginia at around $940 a year. The Hartford, State Auto, Westfield, and USAA also qualify as some of the cheapest West Virginia auto insurance companies.

As shown in the table above, if you buy coverage from State Auto and switched to Erie, you might achieve a yearly price reduction of in the vicinity of $276. West Virginia drivers with Westfield may save as much as $335 a year, and USAA customers might lower prices by up to $373 a year.

It’s important to note that these policy rates are averages for all insureds and vehicles and and are not calculated with a rate increase for high risk drivers. So the insurer that is most affordable for your situation may not even be in the rate chart shown above. That affirms the importance of why you need to quote rates from many companies using your own personal information and vehicle type.

Full coverage versus liability-only

Finding the cheapest car insurance for high risk drivers in West Virginia should be important to most vehicle owners, and one of the best ways to pay lower rates for insurance is to not insure for full coverage. The chart below visualizes the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no tickets, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.

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If the expense is averaged for all age categories, full coverage costs an additional $2,104 per year more than just buying liability insurance. That proposes the question if buying full coverage is a waste of money. There is no definitive formula to stop buying full coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

There are some cases where eliminating full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

The example below demonstrates how choosing different deductibles can raise or lower insurance costs when quoting cheap insurance for high risk drivers. Data assumes a single male driver, full coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3603,3285,2941,2613],[‘Age 30’, 1875,1725,1551,1383],[‘Age 40’, 1857,1699,1517,1343],[‘Age 50’, 1687,1547,1385,1229],[‘Age 60’, 1629,1493,1339,1193],[‘Age 70’, 1975,1819,1649,1487]]);var options = {title: ‘Effect of Higher Deductibles on Insurance Cost in West Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 50-year-old driver could reduce rates by $302 a year by switching from a $100 deductible up to a $500 deductible, or save $458 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave up to $990 each year just by choosing larger deductibles.

When choosing a higher deductible, it is necessary to have enough funds in savings to satisfy the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to find cheaper insurance for high risk drivers

It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help West Virginia drivers find lower-cost auto insurance.

• The safer your car, the less it costs to insure
• Increase your policy deductibles
• Buying home and auto together can help save money
• Pay for smaller claims out-of-pocket
• Pay lower rates with good credit
• Do not pay for comprehensive and collision coverage on older vehicles
• Compare rate quotes often

The last tip is notably necessary, as was noted in this write-up. Prices charged by auto insurers in West Virginia fluctuate constantly, so drivers shouldn’t hesitate to switch companies if a more affordable rate is found. Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you hundreds of dollars a year. Now is a great time to compare prices to find cheaper auto insurance for high risk drivers.