Minimum Coverage
Monthly Premiums
New Drivers
Too Many Point
Too Many Points on Driving Record
It is known by pretty much everyone that auto insurance rates vary greatly and depend on several factors. The risk factor associated with the policy holder is one of the major broad heads in this concern. And since driving records are the major indicators for risk associated with insuring someone, the rates that the insurance provider shall charge for the same coverage in the same State shall be determined by the seeker’s driving records. Traffic violations and DUI charges are chief components that affect this decision making on the insurance provider’s part. Let’s find out how the two components can potentially affect your auto insurance:
DUI charges and Auto Insurance
Having charged for Driving under Intoxication (DUI) in the past can prove to be extremely evil when it comes to securing auto insurance. It is a serious offense and places the individuals charged with it directly under the ‘high risk drivers’ category. As a result, most insurance providers shy away from providing or even renewing their insurance policy for the matter. After much effort, even if those charged with it manage to find insurance providers, the rates that they have to pay climb as much as two-fold of the normal. To make matters worse, the hiked rates shall cling on to the policy holder for several years to follow even if the charge does not get repeated ever again.
Other Traffic Violations and Auto Insurance
It doesn’t always take a DUI charge to land up a defaulter in a soup. Even minor violations can create auto insurance troubles in a big way. Even getting a ticket for a small traffic violation can give insurance companies a chance to hike their rates for you and add detriment points to your profile. If you are unlucky and two or more of such instances happen in a row, your policy may even face cancellation. The mantra to follow then is to drive safe for it’s always better to be safe than being sorry!