Compare Guaranteed Approval Car Insurance: Rates, Discounts, & Requirements [2024]
Guaranteed car insurance costs $58 per month on average. This fee will protect your car, and it is designed for high-risk drivers. Each state varies how they offer guaranteed vehicle insurance, so you will need to check with your state's Department of Insurance to see how the program will work for you. Enter your ZIP code below to compare cheap guaranteed car insurance quotes online for free.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Apr 15, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 15, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- There is guaranteed car insurance; however, it is quite costly
- Each state varies how they offer guaranteed vehicle insurance, so you will need to check with your state’s Department of Insurance to see how the program will work for you
- The best way to avoid having to purchase guaranteed car insurance is to keep a clean driving record
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.
Enter your ZIP code now to get free online quote comparisons for cheap car insurance and guaranteed auto insurance!
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.
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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
Driving Record | Average Annual Rates | Guaranteed Car Insurance Rates |
---|---|---|
Clean record | $3,123.62 | $3,823.62 |
With 1 accident | $4,100.27 | $4,800.27 |
With 1 DUI | $4,919.62 | $5,619.62 |
With 1 speeding violation | $3,669.10 | $4,369.10 |
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.
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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!
Frequently Asked Questions
What is guaranteed car insurance?
It’s insurance for high-risk drivers provided by some states regardless of their driving record.
How much does it cost?
It can range from $20 per month to a one-time fee of $700, depending on the state and risk factors.
Why is it expensive?
It’s more costly because it covers drivers with a higher likelihood of accidents, and the insurance company needs to compensate for the increased risk.
Who has the cheapest car insurance?
USAA and Geico are known for offering cheap car insurance rates.
What is the best insurance company for high-risk drivers?
It varies, but Bristol West, Allstate, and State Farm are often considered top choices.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.