Reader’s Question:
What is the difference between standard and non-standard auto insurance in Biloxi, Mississippi?
Vince
Biloxi, MS
Standard auto insurance is the type of insurance obtained through any voluntary insurance industry at a preferred rate. This is normally intended for drivers with very few violations, claims or cancellations of previous policies. Also, these drivers have better insurance (or credit) scores. For this reason, standard insurance premiums are much less than non-standard insurance premiums.
Typically, drivers who are unable to purchase standard coverage because of a poor driving record, lack of driving experience, high-performance vehicle, or lapse in coverage may obtain non-standard auto insurance. The underwriting experience of these drivers makes it difficult or impossible to obtain insurance at standard or preferred rates. But certain companies may consider them as acceptable risks at a higher premium. Most likely, these insurance policies are for minimum coverage.
You do not need to be a nonstandard driver to buy insurance from a nonstandard insurance company or in a nonstandard tier. There are instances when a nonstandard tier or company is able to offer a more competitive price. Some large and even well known insurance companies own smaller nonstandard insurance companies and offer nonstandard policies through their agents.
As with all types of insurance, there can be large variations in price when shopping for non-standard insurance in Biloxi Mississippi. Your best protection as a consumer is to shop for the best rates available in the market. If you can maintain a good driving record without claims you should be able to stay within the standard car insurance market and thus get better rates.
Tags: auto insurance
