Depending on the individual driver and the number of traffic citations, an insurance company can eventually drop the driver from coverage, or in other instances, place the driver in a general high-risk category, which comes with extensively higher insurance premiums than the average driver would have, if in good standing.
What is a High-Risk Driver?
Auto insurance premiums are determined by a number of different factors. Essentially, car insurance companies determine the cost of premiums by assessing a driver’s risk of being involved in an accident. High-risk drivers are those who have been involved in accidents in the past or who engage in risky driving behaviors. A poor driving history makes a person more likely to be involved in an auto accident, which in turn costs the insurance company. In order to compensate for the potential claim, car insurance companies charge more to people who are deemed to be high risk.
Why was my car insurance cancelled?
Some car insurance companies will cancel a customer’s policy if that customer becomes too high of a risk to insure. This may happen after a customer has been involved in an accident or if he engages in illegal activity with his vehicle. Other reasons that a driver might have his insurance policy cancelled include failure to pay insurance premiums, engaging in insurance fraud, receiving a DUI conviction or facing a suspended driver’s license.
It’s not impossible to have an auto insurance policy canceled due to traffic violations, but it’s unlikely that any single speeding ticket would lead to a policy cancellation. A history of repeated violations could certainly lead to a policy cancellation, however, and may be an indication of a high risk driver.
How Can I Find the Right Coverage?
Cancelled Insurance.ca is a division of Acumen Insurance Group, we will help you pick the appropriate coverage for your vehicle and situation. As an independent broker, we have access to a variety of insurance plans. With our selection, so you can find the insurance that is right for you.
Protect your vehicle with insurance made for Hamilton. We know how to find the coverage that meets the needs of people like you who need help finding coverage after cancellation or non-renewal. Let us help you design the insurance plan that is right for you. Call (905) 643-8000 to find out more information today.