Finding cheap high-risk auto insurance could be impossible to find, depending upon the type of vehicle you are trying to insure. Insurance companies categorize people and the automobiles they drive. The high-risk cars unfortunately are the ones most of the people in the high-risk zone want to drive. Getting cheap high-risk auto insurance on a sports car is a pipe dream at best. And it is next to impossible if you are a male between the ages of 16-25. This is the group that insurance companies consider to be the riskiest to insure. Therefore the insurance rate for them on a Toyota would still be high. Trying to get a Jag or Porsche insured would be comical or painful depending on who you are.
The younger than the man the more reckless he is assumed to be and that makes his chances for cheap high risk auto insurance slim to none. It also depends on where you live. High crime areas raise the premiums on a sports car throw the roof. It seems that in order to actually get cheap high risk auto insurance you have to be older than 25, live in a gated community and drive a sedan.
One way to get the insurance premiums down is to forego collision insurance. In the state of Florida it is legal to only have PIP and Liability insurance. But that seems to defeat the purpose of insurance, with only these two any accident you are in that messes up your car the insurance will only cover you injury and the damage to the other person vehicle. You are left trying to do out of pocket repairs and if your vehicle was totaled you just are out of luck.
Here are three things you can do to help get a better rate on cheap high risk auto insurance.
1. Drive a less expensive car
2. If the car is not worth much more than the cost of your premium and deductible forego collision insurance
3. Pay all fines and be certain that you keep the points down on your driving record.