There is variety of driver’s classification. And the auto insurance providers don’t want to cater the need of all type of classifications. Depending on their business goals they cater the need of a particular type of driver profile and it’s not possible to get the best quote for a particular profile by different company. Sometimes there may be the case that only a single company provides auto insurance for a particular type of driver profile. So it’s very much important to know which company caters need of which driver classification.
One of the categories is the most ideal one. The driver with a long history of driving and his record is free from any type of nuisance like accident, over-speeding and has claim free record. These types of profiles attracts low premium rates very easily and even can get additional benefits because they have a chance of claiming even lower than the average. But in this case even a single mishap can made the premium rates to shoot up dramatically and in future there may be chance of not getting the renewal notice or get the non-renewal notice.
Another one is just the opposite of the ideal one or we can say the extreme case that is the person having multiple claims and accidents in history. They usually have the lowest limit fixed by the govt. under the law. These pose high percentage of claiming and hence have high premium rates than normal. There may be the cases where they are looking for quotes because they were defaulters and policy has lapsed. As they pose higher risk than average person premium is high to offset claim.
Another type is the youthful inexperience drivers. These drivers are mainly teenagers who have experience of less than three years. They also have high premium rates because of their active claim history, because providers surcharge them for the same. But there are providers who also provide discount for community activities and membership.
Finally there are some which cannot obtain the cover from the traditional providers because they are so pathetic in their history that every company find losses in covering them because they encounter a mishap now and then. It may be because of the type of job or may be their habit but joining them to the pool of covered people will just not be good for anyone except them.
