Founded in 1979, Acceptance is another provider that specializes in selling high-risk insurance. It works with many different types of high-risk drivers and turns few people away. Acceptance has all the standard coverage options, as well as a couple of less common offerings like traffic ticket reimbursement.
Plans for People with Low Credit
Statistically, people with low credit are more likely to file claims, which is why low credit is a high-risk designation. In some cases, an insurance provider might deny your coverage based on your credit score.
In every state except California, Hawaii, Massachusetts, and Michigan, insurance companies can use your credit report as a factor to determine your premiums. People with low credit scores may pay 60 percent more for insurance than people with average scores (on the flip side, a high score can save you around 20 percent).
Insurance companies may require people with low credit to purchase coverage beyond the minimum requirements.
Acceptance has discounts that can help you save on premiums, even if you have low credit:
- Multipolicy: Bundle your auto insurance policy with another policy type, like homeowners, renters, commercial, pet, or life insurance to save money.
- Drive safely: Like most other providers, Acceptance will lower your bills if you allow it to track your driving behavior and display good habits (e.g., following speed limits).
- Paperless: Knock a few dollars off your premiums by opting to receive your bills electronically rather than by mail.
- Loyalty: If you renew your policy with Acceptance, you’ll receive a discount.
Unique Roadside Assistance
Like most auto insurance providers, Acceptance offers the option to purchase roadside assistance. And because Acceptance’s offering comes in the form of a membership plan, you won’t pay extra for it even if you’re in a high-risk category.
If your car breaks down or experiences mechanical issues, you can call Acceptance’s roadside services for the following:
- Tows (up to 25 miles)
- Lockouts (no cost limit)
- Tire change (must have spare)
- Gas, oil, and coolant delivery (materials at your expense)
Acceptance offers two plans: Towbusters and Towbusters Plus. Unlike most other insurer’s plans, Towbusters Plus includes reimbursement for traffic tickets.
|Standard roadside assistance services
|Claims per year
|Claims per 72 hours
|Traffic ticket reimbursement
||$100 per ticket, up to twice yearly
|Reimbursement if DMV requires you attend traffic school
|Traffic court legal fees
||10 days at $25 per day
|Other perks, including 10% off auto service and maintenance chains.
Keep in mind that if you receive a serious moving violation, your premiums can still rise even if Acceptance reimburses the ticket.
Hospital Indemnity Plan
Depending on your high-risk designation and your circumstances, you might already be stretching your budget to pay for car insurance. And even if you have auto and health insurance, a car accident can burden you with medical bills.
Deductibles, copays, and ambulance rides are out-of-pocket expenses that add up. The average ambulance ride costs nearly $1,300, and that number can skyrocket depending on the ambulance service.4 On average, an emergency room visit after an accident is $3,300, and if you’re admitted, the average in-patient hospitalization costs over $55,000.5
Acceptance offers hospital indemnity protection, which it calls a “help in case” plan. While the plan is not a form of insurance, it can reduce injury costs if you or a family member is in an accident. It pays for bills that medical payments coverage and health insurance don’t always cover completely, including the following:
- Copays and deductibles
- Hospital stays
- Lost wages
|Medical expense (including an ambulance ride)
||Up to $1,000
||$125 each day for up to one year
|Accidental death or dismemberment
||Up to $10,000 in direct payment
The plan costs $8 per month or $96 per year. It includes the following perks:
- Prescription savings card
- Discounts on rental cars, hotels, and attractions
- Special deals on computers, clothes, and other retail products