How to determine if a minor ticket will affect your premium
Written by Penny Gusner on June 20, 2012 & Posted in Auto Insurance
Have you received a traffic ticket for a minor offense and now are worrying
how it's going to affect your insurance rates? No need to fret just yet. Not
all tickets are equal in the eyes to your auto insurance provider.
Some traffic offenses will affect you rates greatly. Others, not so much.
Usually, car insurance companies don't consider minor offenses (such as failure
to yield, or speeding) to be as much of a risk as a major offense (such as a
DUI, or an accident). So, insurers usually charge less, if at all, for minor
If you've received a minor traffic ticket, here are a few questions to take
into consideration. The answers will help you quickly learn how the ticket will
affect your car insurance rates:
Is this a moving
violation in my state? Nonmoving violations (such as an equipment offense or
a parking ticket) normally aren't looked at by car insurers. Moving
violations are of concern to auto insurance companies, but if the offense
is minor enough it may not affect you rates.
Will it go on my driving
If the violation doesn't go on your driving history, your car insurance
company won't know about and won't rate on it.
Do my state's laws allow
an auto insurance provider to surcharge for this type of offense? Some states don't allow
car insurance providers to raise rates for certain minor offenses.
Insurers also may be prohibited from raising rates if this minor violation
is all you have on your driving record.
Does my insurance
company raise rates for a single traffic violation? Do I have other
violations on my driving record? Maybe you don't live in a state that keeps an insurer
from surcharging you for a first minor offense on your record. Even if
that's the case, some insurers will ignore your first ticket if up until
now you've had a stellar driving record. However, if you already have
other traffic violations, this one is likely to raise your rates due to
what your car insurance company may see as a pattern of bad driving.
Will I lose a
good-driver discount because of this ticket? Your auto insurance
provider may not surcharge you for this one ticket. But because you now
have a traffic violation on your driving record, you could lose any
good-driver or safe-driver discount. Loss of a discount would in turn
cause your premium to go up.
If you find that your minor traffic ticket will cause your rates to rise, or
make you lose a sizable safe-driver discount, it's time to shop around to see
if you can find cheap car insurance with a different insurer.
If you can put in a little time to review your car insurance policy, it's possible to save hundreds, or more, on your annual auto insurance premium.
Comparison shop. The No. 1 way to obtain cheap car insurance rates is to compare car insurance Read More...