The 7 most expensive moving violations

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The 7 most expensive moving violations

It’s no secret that receiving a speeding or any other traffic ticket can raise your insurance rates.  A drivers motor vehicle record (MVR) can have a major affect on their insurance rates and can even limit the insurance companies that will sell them a policy.  But did you know the type of ticket you receive can have varying affects on rates?  Here is a list of the top seven infractions and the average rate increase for each.

1. DUI
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2. Reckless Driving
[progress percentage=”82″ unit=”%” filledcolor=”#336699″ unfilledcolor=”#ffffff” striped=”no” animated_stripes=”no” textcolor=”#000000″ class=”” id=””]Increase of[/progress]
3. Speeding
[progress percentage=”30″ unit=”%” filledcolor=”#336699″ unfilledcolor=”#ffffff” striped=”no” animated_stripes=”no” textcolor=”#000000″ class=”” id=””]Increase up to[/progress]
4. Careless Driving
[progress percentage=”27″ unit=”%” filledcolor=”#336699″ unfilledcolor=”#ffffff” striped=”no” animated_stripes=”no” textcolor=”#000000″ class=”” id=””]Increase of[/progress]
5. Failure To Stop
[progress percentage=”19″ unit=”%” filledcolor=”#336699″ unfilledcolor=”#ffffff” striped=”no” animated_stripes=”no” textcolor=”#000000″ class=”” id=””]Increase of[/progress]
6. Failure To Yield To Pedestrians
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7. Driving In Carpool Lane
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The affect of each of these tickets will vary by company and state.  For example, Kentucky saw the highest increases in the nation for tickets like driving in a carpool lane, failure to stop, failure to yield and failure to yield to a pedestrian. It also took the number two spot for following too closely and not signaling.  California was also the harshest on speeding and driving the wrong way, while New Jersey was either in the number one or two spot for several of the categories.

Different insurance carriers handle tickets in different ways.  Some carriers will ignore the first ticket but enforce subsequent infractions.  Other carriers offer policy add-ons (for a fee) that will waive minor violations and accidents.  Bundling your home, auto, and umbrella will help even more.  Carriers tend to be more sympathetic if you have multiple lines of insurance with them.  This reinforces the importance of working with an independent agent that has access to multiple companies.  If you have a bad string of luck you can switch insurance carriers but retain your agent.

Most carriers look back 3 years for tickets and 5 years for accidents when factoring them into the rate.  The older the infraction/accident the less affect it will have on rates.  So if you receive a speeding ticket, you will only be stuck paying the increase for three years, with the ticket affecting the premium less and less each year as it gets older.

Read more here.

Photo Credit: Einar Jørgen Haraldseid | License

By | 2018-04-09T19:48:18+00:00 August 13th, 2014|Auto insurance, Car Insurance|0 Comments

About the Author:

Brad Phillips is a Managing Partner with Phillips Stafford Insurance Group. Brad has been in the insurance and financial services industry since 2009. He spent time as a captive insurance agent before co-founding Phillips Stafford Insurance Group. Brad was named a "Forty Under 40" by the Des Moines Business Record as well as a 2006 regional winner and top-10 finalist for the Global Student Entrepreneur Awards, presented by Mercedes-Benz Financial and the Entrepreneurs Organization (EO). In 2007 Brad became a published author when he contributed a chapter to Student Entrepreneurs: Graduating With a Profit, a book exploring business ethics with an emphasis on entrepreneurial activities.

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