Various Tickets Impact Your Insurance Differently
It’s little surprise to anyone who drives that when you get a ticket behind the wheel, chances are you’re going to see an increase in premiums when you renew your policy.
There are many factors taken into consideration when premiums are calculated, from your driving and insurance history to where you live and the type of vehicle you drive. Tickets are all part of that equation… but not all tickets are created equal when it comes to your premiums.
Obviously, if you have no tickets or accidents on your driving record, you’ll benefit from lower premiums. But if you’ve been ticketed once or twice, you’re quite likely to see an increase. But the kind of ticket you’ve been issued also makes a difference.
Minor and Major Traffic Infractions
While no ticket is ever a good thing, tickets for certain infractions carry far less impact than others.
Some of what could be described as minor infractions can include: speeding, not coming to a complete stop at a stop sign or traffic light, not wearing your seatbelt and making improper lane change to name a few.
The stakes get higher, not only in fines, but in potential insurance impact, for things like driving with no insurance, not stopping for a school bus, speeding in a school zone, failing to report an accident or making false insurance statements.
Then of course there are the most serious offences, and when you get one of those, not only might you lose your license for a time, the impact to your insurance premiums could be rather significant. Things like distracted driving, impaired driving, racing or careless driving, among others will translate into serious premium increases.
The majority of traffic tickets not only come with monetary fins, but also come with demerit points. The more serious the infraction, the more demerit points you’ll receive, and in the world of demerit pointer, more is definitely not better. IN Ontario, once you reach 14 points, your license can be suspended. Hit 15 and you will definitely receive a 30-day suspension. If, once you get your license back, you continue to collect points your license can be suspended again, and it will likely be for longer than 30 days.
The points themselves aren’t going to matter to your insurance premiums because the ticket itself does that regardless of how many points come with it. However, if you accumulate enough points that your license gets suspended, you can expect a significant premium increase once you’re allowed to drive again.
Depending on where you live, parking tickets can be a common issue, and while aggravating to receive, at least they have no impact on your premiums or your license for that matter. Of course, if you ignore those parking tickets, you won’t be allowed to renew your license plate until those are paid off.
Tickets and Insurance Quotes
At DPM Insurance Group, our Brokers and CSRs will work with you to find the best rates available for your situation… even with a ticket or two on your driving record. If you’re in the market for an insurance quote, contact one of our six offices across Chatham-Kent and Windsor-Essex and find out what we can do for you. Click here to find the nearest office: https://dpmins.com/locations/