While it is a widely known fact that tickets and accidents will affect your insurance rates, not everyone knows exactly how. Accidents and tickets should always be avoided, keep these insurance repercussions in mind the next time you think of going a little too fast.
It is a big secret of the insurance industry, on how much a minor violation ticket will increase your insurance premiums, but most experts agree that it raises them 10 to 15 percent.
These minor violations are things such as illegal u-turns and going a couple miles per hour over the speed limit. These are handled in traffic court, and are not very serious. These also include correctable violations, such as having a broken taillight.
Major violations are instances such as a DUI, hit-and-run, or vehicular manslaughter. These are much more serious and can lead to a suspended license, jail time, or revoked driving privileges.
Minor and major violations can both add point to your license, and getting to many points in a certain amount of time can lead to a suspended license. Correctable violations that are corrected and paid do not add a point to your license.
When an insurance provider is looking into your driving record, the more points you have, the higher your premiums will be since you are seen as a high risk driver. If you have too many points, they may not insure you at all.
For all of your auto insurance coverage needs in Minnesota,
contact North Central Insurance. 763.241.7900