Tickets or accidents can certainly have an impact on your auto insurance rates. When you get them, there are a few steps and actions you should take in order to properly manage your rates and your insurance protection.
It is often that even with good intentions, we mistakenly violate the rules and regulations of the road. We may have not noticed out speed and exceeded the speed limit which led to a speeding ticket. Even worse, we even may have missed a stop sign and accidentally collided with another vehicle. This is an area that we must give special attention because tickets and accidents not only affect your financial being, but can also affect your auto insurance policy through rates and even the possibility of cancellation.
If you know what factors affect your car insurance rates, then you’re aware that tickets end up on your driving history which is used by auto insurance companies for rating purposes. Since statistics show that a driver history of violations have an indication of the probability of an accident. In other words, a driver with violations is more likely of crashing.
This may not be true for all of us, some of us may have violations with no accidents at all; however, statistics are a way for insurers to maintain stability between the premium they earn and the claims payouts, or “loss ratios”. For example, if a carrier is paying out too much on drivers with more than two tickets, they may use this to raise those driver’s rates to balance out the losses on claims payouts.
Don’t be discouraged if you’ve obtained one or few violations or even have been involved in an accident. There are steps you can take to keep your rates as low as possible and ensure to keep the protection you need.
Since most carriers make driving record inquiries upon purchase and renewal period, that is the time your policy may be surcharged or “increased”. If you see that your rates may have been raised too much or if you simply want to compare auto insurance rates to see if there are cheaper premiums out there, do so. OnlineAutoInsurance.com allows you to compare car insurance online by completing a single questionnaire.
Comparing rates is recommended to ensure that you do not overpay. Even if you overpay by a few dollars a month, it multiplies month by month, adding up to hundreds and even thousands. Let OnlineAutoInsurance.com help you compare rates with no obligations, and best of all, FREE.
