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AR Car Insurance Consumer Resources Online
ARAIP Car Insurance - Assigned Risk Automobile Insurance Resources
ARAIP-PAIP-CAIP-AIP Assigned Risk or High Risk automobile residual
insurance markets consists of licensed drivers unable to purchase
automobile insurance through the Voluntary Market due to a variety of
factors, such as their driving history, accident history or status as a
first-time driver. The AR Car Insurance Assigned Risk or AR High Risk
Automobile Insurance often charges higher rates in your state, and is a
last resort for licensed drivers that cannot obtain car insurance
coverage elsewhere in the Arkansas preferred or
voluntary automobile insurance marketplace. To combat soaring insurance
prices experts recommend educating yourself and then obtain Arkansas
Car Insurance quotes from at least two sources.
Get your Arkansas
assigned risk auto insurance quote started right now bat calling for free help (480) 405-3526!
An informational consumer guide on Arkansas
assigned risk car insurance and preferred risk AR Automobile insurance.
What is the Latest on AR AIP - AR Car Insurance?
Why would my Arkansas auto insurer cancel my
policy?
Technically, in most states your insurer may cancel your policy only if:
you fail to pay your premium;
you lose your driver's license;
you are guilty of material misrepresentation during the application
process i.e., you fail to notify your insurer of a recorded violation,
such as a drunken driving, or possession of drugs or any illegal
activity offense; or
you fail to report a substantial change of risk, such as buying a new
high performance sports car to replace an old high mileage family sedan.
However, your insurer can choose not to renew your policy for a variety
of reasons.
Do you have a bad driving record? Have you received a lot of speeding
tickets? Have you ever been caught driving drunk? Not only are these
scenarios considered unsafe and illegal, they are justifiable cause for
your insurer to label you a bad risk and refuse to renew your policy.
Some underwriters may feel compelled to cancel policies after only one
accident.
Where do you live? Has the neighborhood changed in the last few years?
Have the accident or crime rates risen noticeably? As regions are
reassessed periodically, their status could change and you could
suddenly find yourself living in a higher risk area, where your
insurer's rates may not be adequate to cover losses.
What do I do if my AR insurance Company cancels or refuses to renew
my policy?
Even "good" drivers can find themselves in the position of being dropped
by their current carrier. Reasons range from a couple of moving
violations, or multiple accidents, or other serious violations that make
you a high risk to situations outside your control, such as when
insurers in your state are suffering severe business losses. Overall
rises in claims or losses can cause insurers to become highly selective
in determining whom they can afford to offer to insure.
That is why it is important to note that if you are licensed to drive,
by law, you are eligible for insurance. However, your options for new
coverage may be limited. Each state has created and regulates a market
of last resort for those who cannot otherwise obtain coverage. These
groups have various names, depending on the state you live in, such as
assigned risk automobile insurance plans or the residual market, or the
high risk pool. Your agent or insurance producer will know more about
the particulars in your state.
Regardless of the reason you were dropped or canceled by your insurer,
you need to act immediately to get another policy. Under no circumstance
should you drive your vehicle without knowing one hundred percent that
you have current insurance. Call your local agent to help you find new
coverage. If you do find yourself in the assigned risk residual market
pool, the price may be higher but it may be your only alternative in
maintaining your freedom to drive.
How do I keep my AR insurance company from canceling my policy?
The most obvious way to maintain your low risk status is to keep a clean
Arkansas DMV driving record. If you've been in an
accident, consider taking a defensive driving course. Even those of us
who have been driving for years rarely know the simple tricks to
preventing accidents through defensive driving.
Also, look into purchasing special safety and security features for your
car, such as anti-lock brakes and an alarm system, or try OnStar. Your
ARAIP insurance agent can give you further tips on how to convince your
insurer you're a safe driver.
What steps can I take to reduce my AR Car Insurance rates?
Arkansas Insurers often discount their rates in order
to encourage good driving practices and the use of safety and security
precautions. Depending on the insurance company, you can often lower
your rates from 5 to 55 percent.
Sometimes the investment you make in your vehicle is worth the discount,
and sometimes it's simply worth some peace of mind. For example, the
purchase of anti-lock brakes merits a discount from nearly every
insurer, but the discount probably will not pay for the brakes which
cost several hundred dollars during the normal life of your vehicle.
Anti-lock brakes are touted, nonetheless, as a life-saving feature and
deserves serious consideration when safety is a top priority. Insurers
generally offer discounts for:
Safety Features Anti-lock brakes, air bags and passive restraint systems
i.e., automatic seat belts.
Defensive Driving Clean violation record, driver's education courses for
teenagers and defensive driving or accident prevention courses for
adults insurance discounts for the latter are required in some states.
Security Systems Alarms, electronic locks, VIN etching and automotive
disabling devices.
Changing The Driving Habits Try commuting by public transit, using a
company vehicle for work-related travel and car-pooling.
Formal Agreements Not to Drink and Drive The availability of a discount
for signing such an agreement varies among insurers and states, however
is a powerful idea that works.
Buying Home Owners and Auto Policies from the Same Company If you own a
home and an automobile and you are insured by two different companies,
check into the cost of carrying both policies by one insurer. Your agent
can give you guidance as to which insurers offer discounts. This will
always offer your the best buy, so put it in your corner when shopping
for rates
You can also lower your insurance rates by requesting higher
deductibles, which is the amount of money you pay out of pocket before
you make a claim. Increasing your deductibles on collision and
comprehensive coverage from $100 to $250, or even $500, will bring your
rates down. Moreover, you may not need collision and comprehensive
coverage if you drive an older car. Ask your agent which discounts are
available to you.
How does adding drivers to my policy affect my rates?
The more people you allow to drive your vehicle on a regular basis, the
greater the chances of your vehicle being in an accident. Teenagers are
especially expensive to insure because they are the least experienced
drivers.
A driver's-ed course can help ease the burden of insurance costs since
it teaches your teenager defensive driving techniques. If your child's
high school does not offer driver's-ed, try to find one offered by
another school or a private firm in the area. After all, the cost of
driver's-ed could be cheaper than the extra cost of your insurance. Many
insurers offer "good student" discounts as well.
An adult's driving experience can also affect your rates significantly.
Don't assume that every adult you know has been driving since age 16 or
17 or is a competent driver with a clean driving or insurance record.
Again, taking a defensive driving course is a good way for adults to
prove they are also responsible drivers, thus lowering their risk and
their insurance premium rates.
Finding the best coverage and lowest prices for Automobile insurance
is not that difficult to shop for. Rates vary widely from company to
company. To help make shopping, comparing rates and saving money on your
insurance easier, Assigned Risk Auto Organization provides free auto
insurance comparison rates 24 hours a day, seven days a week. Get
competitive non biased help with Receive a quote from our consumer
comparison rating service any time day or night, over the Internet.
Spend a couple of minutes answering a few questions about yourself, your
driving record, vehicle information and insurance needs. Local Assigned
Risk Insurance Agents will tell you how much their company would charge
you for an annual premium for your automobile insurance, in addition to
rate comparisons from other major auto insurers including most household
name brand insurance companies in your specific zip code.
Getting yourself out of the high or assigned risk driver pool category
is going to take a little time. You may need to consider the following,
cleaning up a bad driving record and paying your bills on time. And some
factors will fade with time. Most insurance companies rate a driver with
no points for three years as a good or preferred risk. But there are a
few things you can do to cut high risk auto insurance costs now!
Consider driving an older car and dropping collision and comprehensive
coverages. Or, if you can accept the risk, carry lower amounts of other
standard coverages.
And don't forget that shopping online is a great way to access assigned
risk automobile insurance PAIP certified producers and companies that
serve Local Consumers in our area. You may even be able to comparison
shop between several offers. If you get a FREE QUOTE from each of the
national quoting services you will have the best service from someone
Local in your area.
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