How One Infraction Can Harm Your Auto Insurance Rates

How One Infraction Can Harm Your Auto Insurance

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.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

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