Most inexperienced drivers they fit in their state’s Assigned Risk Plan, commonly known as in some states because the Automobile Insurance Plan, -v Reinsurance Facilities, State Funds, Joint Underwriting Associations, or just the Risk Pool. Basically, the Assigned Risk Plan is built to insure inexperienced drivers in addition to drivers with poor driving records who’re considered too substandard to be insured in the regular market at standard rates. Since these drivers have to be insured for some reason, individual states have designed their particular risk pools, that are quite much like each other, but are called by various names.
The initial rule an unskilled driver should remember would be to avoid getting an individual policy. You may wind up in your state’s Assigned Risk Plan, here’s the original source paying its exorbitant rates. New drivers should make every effort to be added to either their spouse’s or parent’s policy as an additional or occasional driver. You will end up charged the standard rates and save a lot of premium dollars and aggravation.
As an example, if you’re a single person living in your own home, you could have yourself considered a non–principal and occasional driver and thereby reduce your premium bill in half Remember that as an add-on to either your parent’s or spouse’s policy, your driving mistakes affect not only your own record and rates, but theirs too. Since a moving violation can raise the overall premium by 10 % and an at-fault accident can do the same damage by 20-40 percent, your cautious driving won’t pay off in lower rates, but in addition in better family relationships.
For those inexperienced drivers that have no other choice but to get an individual policy and pay the assigned risk rates, I propose that you rid yourself and your car from any bank lien so that you will won’t be burdened with all the extra collision and comprehensive coverages. You’ll save these amounts: Mentioned above previously previously, inexperienced operators should drive with extreme caution since they can’t afford to spend the money for additional 10 % penalty per moving violation nor the 20-40 percent surcharge per at-fault accident together with their already inflated rates.
For example, a series of moving violations and at-fault accidents would drastically get a new rates of inexperienced single drivers in the following way: Obviously, experienced drivers do not have the same premium problems as inexperienced drivers, but all careless and thoughtless drivers give the same penalty of the 10 percent increment per moving violation along with a 20-40 percent surcharge per at-fault accident. Therefore, it’s good for all of us to drive cautiously so that you can maintain our clean or nearly clean driving records.