Compare Guaranteed Approval Car Insurance: Rates, Discounts, & Requirements [2024]

If you want to drive, you have to carry the right type of car insurance coverage. Fortunately, there is guaranteed car insurance, or guaranteed auto protection policy, option for you, even if you have a terrible driving record or you have multiple convictions on your record.

This guarantee doesn’t come from your car insurance company, however, and there are some major catches as well.

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What comes with guaranteed car insurance?

If you are looking for guaranteed car insurance, then you need to look to your state. They are the only ones who can offer you car insurance regardless of your driving record. Before we continue let’s watch a video on one of the benefits of guaranteed auto protection.

This insurance called assigned risk car insurance, is usually provided by auto insurance (read our “Compare Assigned Risk Car Insurance: Rates, Discounts, & Requirements“ for more information)..  Companies with agreements with your local government to provide a certain amount of coverage to drivers. Take Georgia for example.  According to the Georgia State Government, they have a self-funded program designed to cover state employees while driving on state business. This will help resolve claims fairly and swiftly while protecting state agencies and state employees.

Read more : Compare State Employee Car Insurance Rates

When you buy guaranteed car insurance, you will not be afforded the same choices as you would if you were able to purchase auto insurance the traditional way.

According to the Insurance Information Institute, you will be able to purchase your state’s minimums as well as a basic comprehensive and collision policy, but in most cases, that’s it.

How much is guaranteed car insurance?

You’ll have to dig deep to find guaranteed cheap car insurance. Guaranteed car insurance can $20 per month to a one-time fee of $700. It all depends on the lender or company. Let’s look at how guaranteed car insurance fees affect car insurance rates.

Driving Record Annual Rates with Guaranteed Car Insurance

The increase of $700 is just an example of how the one-time fee could affect your car insurance for the year. The better your driving record, the cheaper your car insurance policy will be.

Why is guaranteed car insurance so expensive?

Affordable car insurance for high-risk drivers is hard to come by. The expense of guaranteed car insurance is because no matter how high your risk is, you can purchase car insurance and you aren’t the only high-risk driver using this option.

The only way the insurance company can prevent major loss when writing these policies is by charging more money.

Here are some ways to find guaranteed car insurance:

• Visit your state’s Department of Insurance website
• Check out your local DMV website
• Do a general online search for guaranteed car insurance, but expect to see a myriad of results. It will be easier to visit your local websites instead.

Start comparing car insurance right now by entering your ZIP code in the FREE comparison tool below!

How can I avoid buying guaranteed car insurance?

If you are turned down by your insurance company, you may feel that the only option you have is to turn to your state’s guaranteed car insurance program.

The truth, however, is that in most cases you will probably be able to find a company that will insure you, even if you have a terrible driving record.

If you have attempted to purchase auto insurance through the regular channels and you have been turned down time and time again, then you should look to high-risk insurance companies. High-risk companies will usually accept any driver.

Guaranteed Car Insurance and State Minimums

In fact, there will be caps on how much coverage you can purchase. In some states, you will only be able to purchase the minimums.

Even your comprehensive and collision coverage will be lower than the value of your vehicle. This is a case where having something, even if it isn’t enough coverage, is better than having nothing at all.

The cost of guaranteed car insurance is much higher than other insurance options. Not only do you get a reduced amount of coverage, but you pay far more for it as well.

Is high-risk car insurance as high as guaranteed car insurance?

Of course, you will have to pay much higher rates for your high-risk insurance than you would for traditional insurance. In fact, it may even be as much as guaranteed insurance.

The difference, however, is that there aren’t limits to the amount of coverage you are allowed to purchase. You have all of the same options you will with any other insurance company.

High-risk companies will even offer auto insurance after a DUI, but even these insurance companies have their limits. One you get to the point where a high-risk company won’t insure you, then you will have to apply for guaranteed car insurance.

The best way to avoid having to purchase guaranteed insurance is to have a clean driving record.

If you are reading this article, though, then it is probably too late. It takes about three years for your driving record to get clean; however, you should see a reduction in rates every year you keep your record clean.

You should use a quote tool once a year to see how your rates are affected by the passage of time. Once you see your quotes come to a more reasonable level, then you should approach a regular insurance company again.

Getting auto insurance quotes is the easiest way for you to learn how much you will pay for your auto insurance. You can get quotes for both high-risk companies and standard insurance companies.

You can get your car insurance quotes for guaranteed car insurance and other types of coverage right now just by entering your ZIP code!