Driver's Guide to Buying High-Risk Car Insurance

Car insurance companies calculate rates for their policyholders based on each driver's risk rating. To insurers, this rating implies the likelihood the policyholder will be involved in an at-fault accident. They are required to pay costs associated with injuries or property damage caused by their customers (up to the coverage limit), and adjust their rates accordingly. Drivers who are considered "high-risk" are forced to pay higher car insurance rates.So how is this rating assessed?

Read more ...