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You might be looking for Non-Standard car insurance and not even know it.
What Exactly Does "Non-Standard" Mean?
There are three status levels of drivers when it comes to purchasing auto insurance: preferred, standard, and non-standard. Standard status refers to your basic run-of-the-mill driver, one with a decent, but not perfect, driving record. One that does not fit into any of the "non-standard" categories, which I'll explain below. Drivers who fall into the standard status category pay standard premium rates.
Preferred status is pretty much just what you think it is. It refers to drivers who receive preference from insurance companies because of their stellar driving records. Insurance companies like preferred drivers because they pose less of a risk of having an accident and filing a claim and, therefore, cost less to insure. Insurers pass part of those savings along to their preferred clients in the form of "good driver discounts".
So that leaves the non-standard status, where everyone that doesn't fit into the other two statuses ends up, which is to say that most of those individuals who are non-standard drivers, according to insurers, are also considered "high-risk".
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High-risk drivers tend to
fall into one or more of the following groups: young, inexperienced drivers; drivers who have been in too many accidents; drivers who have been in one or more serious accidents leading to costly insurance claims; drivers who have had a lapse or several lapses in insurance coverage; and drivers who have had their license revoked or suspended often the result of a DUI. Additionally, owners of high-priced, high-performance and exotic vehicles may fall into the non-standard category.
The Difference Between Standard and Non-Standard Insurance
States allow insurance companies to step outside the boundaries set for standard policies to write non-standard ones for those that would otherwise not be able to purchase insurance. With non-standard policies, insurers have greater flexibility when it comes to what, or who, a policy covers. For example, a non-standard policy may limit coverage to only the named insured, excluding any other family members living under the same roof that would have to be covered under a standard policy. In other words, insurers have a wider variety of options regarding items that are covered and those that are not. The problem for drivers is, of course, that non-standard coverage is more expensive than standard coverage, often quite a bit more.