It depends on how long you’re considered a high risk client.
For example, if you’re in a high risk car insurance jail, you’ll want to get out as soon as possible to avoid the super high monthly rate.
You can get back into insurance companies’ good graces (and low fees) within a year or two if you’re a model driver, and make some temporary downgrades to your car.
On the other hand, as a “high risk” homeowner, you can make upgrades to your property, and choose a safe neighbourhood.
Finally, as a business, you can install security systems, and make sure you’re operating in a low crime rate area.
If you want to know how to lower your rate, the best thing to do is give your insurance broker a call to assess your profile.
Get in touch with KBD for high risk insurance quotes.
Call us.