If you drive, you need auto insurance, but many different types of auto insurance are available. While many people just need traditional auto insurance, others may need some extra help because of a bad driving record. If you would like to know more about the different types of auto insurance, keep reading to learn more.

Standard Auto Insurance

Standard auto insurance is what most drivers tend to buy. Little variety exists from insurance provider to insurance provider because the policies are state-regulated. For the most part, however, standard auto insurance includes bodily injury liability if you or someone else is injured in an auto accident. Standard insurance also pays for medical payments, property damage liability, and collision.

In some cases, however, you may also want to include comprehensive coverage to your policy. Your premiums increase, but it protects you against more, including theft, fire, vandalism, or flooding. Even though coverage is similar from company to company, you do have the right to choose higher maximums for higher premiums.

Non-Standard Auto Insurance

Some drivers have a hard time qualifying for standard auto insurance because of their driving history. For example, if you have a few DUI violations on your driving record, a regular insurance carrier may consider the risk to insure you is too high.

Other people choose non-standard auto insurance for race cars or luxury vehicles. These are at a higher probability of being stolen, so many regular insurance carriers won’t take the risk.

Non-standard auto insurance is more expensive because you are a higher risk. The exact premium depends on you and your driving record. For example, in Illinois, the annual premium for someone with a speeding violation may be about $2,784. On the other hand, if you are a young driver who has to get non-standard auto insurance, your premium may skyrocket to $6,279 a year.

SR22 Insurance

SR22 insurance refers to a form you must complete in order to be able to drive. This is commonly necessary after your license has been revoked from too many speeding tickets or a DUI. It may also be required if you have a history of driving without auto insurance.  It is not actually insurance, but it is proof you have adequate auto insurance.

If you need to have an SR22, you may have to continue to use it for a few years. After, the status is typically lifted so you no longer need to prove you have insurance to get your license. If your insurance policy lapses at some point, the insurance company will have to notify the state, so they will find out you are no longer insured.

Teen Driver Insurance

Teen drivers often have high premiums because they are new to driving and may be more likely to drive recklessly or speed. Unfortunately, even if your teen doesn’t drive much, if they have a license, they usually need auto insurance. You can add them to your policy, but depending on several factors, this may significantly boost your premiums.

If your teen has good grades or takes driving courses, adding them may lead to a few discounts on your premiums. However, specific insurance policies exist that are just for teens. Whether or not you should get a separate policy for your teen depends on your personal situation and which plan saves the most money.

In most cases, standard auto insurance is the right choice. However, if you have a history of bad driving or a lack of auto insurance, or if you have a young driver, you may need a different type of auto insurance policy. For more information, contact us at Metropolitan Insurance Service Consultants, Inc, today.