How Do Points Affect Your Insurance Rate?
Owning a vehicle is one of the basic necessities in life, but protecting your car from possible inconveniences and financial problems in the future may prove to be a bothersome problem in the future. This prompts the need to purchase the best type of car insurance coverage. But what if you regularly get points — how will this affect your insurance rate?
What are points?
If somebody asks you about your driving record points then what the person wishes to know is the frequency of traffic rule violations you have incurred in the past.
Types of Traffic Violations
Strict Liability Offenses
Traffic violations which incorporate criminal intent are considered strict liability offenses and may be enough to put someone to jail. Examples of this type of violations are driving with a burned-out or broken headlight, neglecting to yield, making an illegal U-turn, using a parking space which is intended for the handicap without given authorization. But the most common types of strict liability traffic offenses are speeding and allowing the time on your parking meter expire.
Moving Vs Non-moving Violations
Moving violations are traffic violations that are committed by a moving vehicle while non-moving violations are car violations that are committed while the vehicle is not in motion. The severity of moving violations is greater in comparison to non-moving violations which entails that the number of points which will be added to your driving record will be greatly increased if you commit a moving violation rather than that of non-moving violation.
Typical examples of moving violations include running a red light, speeding and DWI or DUI while perfect examples of non moving violations involve parking violations like parking more than eighteen inches from a curb or parking beside an expired meter. At times, faulty equipment of illegal vehicle modification may also be considered as grounds for a non-moving violation. Those who have vehicles which have illegal lights and those with darker window tints may also be given ticket violations once spotted by a police officer.
There is no standard point value for the awarding of the traffic points. States vary with the awarding of these points. Moreover, there are some states which do not bother awarding points on violators of traffic rules. Some allow certain violations while others will not include it. So if you plan to travel to another state with your vehicle, it would be better if you skim through the state’s DMV Website to know the traffic rules that will raise your points.
How points affect your insurance rates?
Every violation which you incur will increase your points and an increased number of points will imply a higher insurance premium. Insurance companies calculate and evaluate a driver’s accident risk thus making it reasonable for car insurance companies to give you a higher premium rate. The evaluations used by each car insurance company may vary but the frequency of the same violations will definitely place you in a more expensive car insurance premium.
How much will it increase your rate?
Major violations will increase your premium rate to 26% while frequency in the violations exposed to the insurance company may also be grounds for a more expensive rate. Nevertheless, you are given the liberty to ask for a copy of a car insurance company’s rating factor if need be.