Failure to wear your seatbelt may be the last minor infraction; just about anything else may increase your premium by up to 20 percent.
There is no such thing as a minor infraction, no matter how minor the damage actually was. Your insurance company will still be able to increase your insurance premiums by 20 percent if they see fit. This increase may sound like a pain (and it might be), but you should relish the fact that auto insurance prices have remained relatively flat over the past few years—only rising by 10 percent in the past decade. To put that in perspective, food costs have gone up 21 percent, house expenditures rose 29 percent, and the healthcare sector has increased its prices by a jaw-dropping 52 percent! All drivers benefit from such healthy competition because all insurance companies can keep their costs low giving you the option to purchase a policy that best meets your criteria.
While auto insurance may not be the most expensive thing in your budget, that doesn’t mean it’s necessarily pocket change either. It gets even worse if you are given a minor infraction. Things like not signaling, following too closely, improper passing, and speeding can all have adverse consequences on your auto insurance.
This may seem unfair, but insurance companies view those with traffic infractions—even minor ones—as a higher risk to insure. The higher the risk, the more you will have to pay for your auto insurance. Likewise, the lower the risk, the less you have pay and may even be qualified for further discounts. So it pays to be on the cautious side of driving.
It’s better to safe than sorry, especially when it comes to things like auto insurance and their premiums. Contact Risk Management LLC in Brookfield, Wisconsin for all of your auto insurance needs.
