What can I do if my driving record prevents me from
getting an automobile insurance policy?
If you have a poor driving record, getting adequate
insurance can be a difficult and expensive proposition. But you can't
afford to drive without insurance, unless you're willing to lose
everything you already own (and maybe even some of your future
earnings) if you come out on the losing end of an auto-related
lawsuit. In addition, many states make it a crime to drive without
insurance protection. Many drivers with poor driving records are able
to obtain insurance through state-mandated "assigned risk"
programs. According to "The New Century Family Money Book"
(Dell Publishing), "The insurers in your state are required to
take on poor risks in proportion to how much business the companies
do there. "You can also purchase auto insurance on the
'nonstandard market.' The companies that offer this sort of coverage
are not always the most scrupulous, however, so investigate the
reputations and financial health of the prospective insurers before
buying coverage from one of them. This coverage is not cheap, but it
may be better than the rates that the well-known insurance companies
would charge. Paying a stiff premium, while unpleasant, probably
beats having to take the bus." Your state's Department of
Insurance or Department of Motor Vehicles can help you check the
reputation of a nonstandard insurer or provide other advice to help
you get the automobile insurance you need.