Street Racing And Insurance Issues – The extent to which a moving violation will affect your insurance rate may depend on the severity of the violation. The most serious offenses, such as drunk driving, can significantly increase your rates and potentially result in your policy being cancelled.
Traffic violations not only cost you in fines, but can also result in higher auto insurance premiums. Depending on the violation, your rates could rise by 82%, according to insurance comparison site The Zebra. Even worse, a traffic violation could cause your insurance company to drop your coverage altogether.
Street Racing And Insurance Issues
So, what violations increase your insurance rates? Does a minor offense such as a sliding stop result in higher insurance premiums? Will your auto insurer cancel your coverage if you get a reckless driving ticket? Here are the traffic tickets that affect your insurance, as well as some that may not.
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If you have a clean driving record, your rates may not increase if you receive a ticket for speeding less than 10 mph over the speed limit. On the other hand, violations may have a more serious impact on your insurance if you already have moving-related violations on your record. Remember that some states allow first-offense drivers to clear minor violations by successfully completing a traffic school or driver safety course.
When you receive a ticket, your auto insurance company considers several factors to determine whether your rate should increase and by how much. Factors your insurer may take into account include:
Typically, your rates may not increase after receiving your first ticket, but they will likely increase if you receive two or more tickets within three years. For example, one insurance company notes that customers’ premiums increased by more than 10% for a six-month policy after receiving their first speeding ticket in three years. Other insurers report that minor violations can raise premiums by a few cents on every dollar—so if you were paying $100 a month before the ticket was issued, you could pay about $10 more a month later.
As you might expect, serious violations have the biggest impact on your insurance rates. According to The Zebra’s analysis of 61 million rates in the United States, traffic violations and refusal to take a breathalyzer lead to increases in auto insurance rates of 82.2% ($1,209) and 74.1% ($1,089). respectively. Given the serious nature of these violations, insurers may even cancel the policyholder’s coverage when it is renewed.
Racing And Exhibition Of Speed Tickets
At the other end of the spectrum, not wearing a seat belt and driving without headlights result in average rate increases of 4.0% ($59) and 3.4% ($51). Here’s how much you can expect your insurance premiums to increase for various traffic violations:
Typically, moving violations do not affect your auto insurance rates because they have nothing to do with your driving skills. Stationary violations are tickets for violations while your car is stationary, such as parking tickets, windows that are too tinted, and tickets for repairs such as broken tail lights or missing license plates.
Moving violations can affect your insurance if you do not correct them. For example, failure to pay multiple parking fines or eliminating a repair fine may result in a higher rate. However, insurance companies approach violations differently. While one insurer won’t raise your rate because of a few property violations, another may consider it a sign of risky behavior and adjust your car insurance costs accordingly.
In many states, you can prevent certain violations from appearing on your driving record by successfully completing a driving safety course. Typically, you’ll have to pay driving school fees on top of legal fees, but it may be worth the investment to prevent higher insurance rates in the long run.
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It’s also wise to maintain a high credit score, especially since many states allow insurers to consider credit-based insurance scores when calculating your premium. Check your credit report and get a free score to see where you stand. If necessary, address any problems you discover and take steps to improve your credit. The extra effort will be worth it if it results in lower auto insurance costs.
If you’re shopping for new auto insurance, try the auto insurance comparison tool. You can browse offers from different insurers nearby to find the one that’s right for you.
If you’re looking for ways to cut your monthly expenses, it might be a good idea to see if you can save on your car insurance.
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Phoenix is a good example of a city that has seen an increase in these types of races, which are frightening to both residents and visitors and create an unpleasant environment to live in. Imagine walking your dog at night and suddenly finding yourself in the middle of a high-speed car race. You could very well be seriously injured. An accident of this nature is a tragic event, and if it happens to you, you will not have to pay the expensive hospital bills needed for your treatment or suffer a loss of income because you can no longer work. With the help of an experienced Phoenix car accident lawyer, those at fault will be held accountable for your injuries, and they will be the ones paying the bills.
Recently, a fatal two-vehicle collision occurred in Phoenix as a result of street racing. The incident killed one woman, hospitalized four people, and caused a power outage in the surrounding area. The collision happened near 39th and South avenues at approximately 9:30 p.m. When officers arrived on scene, they found two vehicles, one of which had overturned and the other had crashed into a fence. Firefighters rescued two men from the overturned car.
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Unfortunately, Leslie Vega Bolanos, 19, a passenger in the vehicle, suffered fatal injuries. Two men were hospitalized, one of them is in critical condition. Passengers in the second car suffered minor injuries. Witnesses reported two vehicles speeding west on South Avenue and were estimated to be traveling at more than 80 mph. The collision destroyed an electrical pole, causing a power outage affecting about 7,000 customers. Power was largely restored by 8 a.m. the following Monday. The incident highlights the tragic consequences of illegal traffic.