We have compiled a collection of the best auto insurance companies for high risk drivers of 2023 to assist you in finding affordable auto insurance coverage despite the high risk you pose as a driver. In addition, we have highlighted the positives and negatives of each company so that you can make decisions based on accurate information.

Progressive

Progressive is widely acknowledged as a market leader in auto insurance, and it is also home to some of the most competitive premiums available to senior drivers. While it does not provide many discounts unique to a driver's age, older drivers may still acquire various reductions via Progressive, which will further reduce the total cost of their auto insurance.

Senior drivers aged 55 and over who complete defensive driving courses endorsed by AARP are eligible for savings from Progressive. Even though Progressive does not provide additional discounts based on age, the company will cut your rate in proportion to the number of years you have driven without causing any accidents or receiving any moving infractions. According to Progressive, drivers who haven't been involved in an accident for the last three years may expect to pay up to 31% less for vehicle insurance compared to drivers who have had recent infractions.

You may also enroll in the Snapshot program offered by Progressive. This program uses a device you put in your car to track your driving patterns, such as the speed at which you travel and how hard you brake. You will be eligible for premium reductions if the information gathered by the device indicates that you are a responsible driver. If, on the other hand, the data indicates that you are not driving safely, you may find that your rates are increased as a result.

Progressive will incentivize you to make adjustments that might help you decrease your auto insurance rates, such as changing to a safer vehicle if you have citations, accidents, bad credit, or DUIs on your record. These changes include switching to a safer vehicle.

Geico

Geico is well-known for being a financially sound auto insurance provider with a low percentage of rejected claims due to financial considerations. About 13,000 consumers have left feedback on the company's website, giving an average rating of 4.5 out of 5 stars for the service they received.

Geico has received higher-than-average ratings for its financial soundness from various organizations recognized as authoritative in the insurance industry. As a result, the firm has a strong track record of honoring its policyholders' claims. Because of its emphasis on safety, performance, and consistency, the Ward Group has placed it in the top 50 financially high-performing insurers yearly for the last 29 years. This recognition is attributed to the company's culture.

A.M. Best has rated Geico's financial strength as A++, giving the company an issuer credit rating of AAA. These ratings are determined by considering various characteristics, including the consistency of management, the quality and diversity of profits, the size of the organization, its financial status, and activities. In addition, it has an AA- rating from Fitch and an Aa1 rating from Moody's.

According to several online reviews, Geico also provides high-risk drivers with some of the most competitively priced rates. In addition, like other insurance companies, it offers drivers discounts for things like safe driving and safe vehicles, which may help them get a better deal on their car insurance.

Direct Auto

A.M. Best has given Direct Auto its highest possible grade of A. This indicates that the firm is financially sound and has little chance of going bankrupt. If you have to claim your vehicle insurance, Direct Auto can also reimburse you swiftly. Although it may take other carriers up to three business days to react to a claim, Direct Auto will have an adjuster contact you no later than the next business day.

Direct Auto will not reject your application solely based on your credit score, even if the firm does conduct credit checks. Direct Auto is open and honest about the savings you are eligible for as a high-risk driver. They will work with you to help you acquire a reasonable rate, even though having terrible credit may cause your yearly premium to rise by almost $1,000.

Direct Auto provides several different discounts, including those for being a responsible driver, elderly citizen, armed forces member, homeowner, good student, or having certain safety equipment fitted in your vehicle. A motorist with a good driving record may be eligible for cheaper rates under the usage-based scheme.