An Auto Insurance Update
You just got a traffic ticket and your first thought is how much is my insurance going to increase? There are ways to determine this and we thought you should know this information. The information provided is considered general in nature and may vary from state to state.
Violation National Average Premium Increase
Distracted driving 22%
Speeding 30+mph 30%
Talking on phone 16%
Improper turn 20%
DUI (first) 80%
Improper pass 20%
Expect the increase to show up on your next insurance renewal. You can’t escape your ticket by switching insurance companies. All companies have access to your driving record.
Most auto insurance companies will look back three years to see if there are tickets or other violations. If you get a DUI you may not get renewed and may have to go into other more restrictive programs.
Simple Ways To Reduce Your Auto Insurance
· Increase your deductible
· Consider coverage changes on older vehicles
· Ask for additional discounts
· Maintain a ticket/accident free driving record
Pennsylvania Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you're financing a car, your lender may also have requirements.
- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Most auto policies are for six months or a year. Your insurance company should notify you by mail when it's time to renew the policy and to pay your premium