Mackoul Quick Tips: Auto Violations and How They Affect Your Rate

New York rates number 4 in the country for having the most licensed drivers, coming in at 11,356,988. In a state where it could take 30 minutes to go 5 miles it’s no wonder why there are a large amount of auto claims; luckily most claims are small fender benders. With the high cost of cars even a small accident could add up to over $17k for both vehicles. Auto accidents are the leading cause of surcharges and premium increases for New York policy holders. Most auto accidents stay on your record for a minimum of 3 years but could be as long as 39 months depending on the accident. New York insurance companies are allowed to add a surcharge only for those accidents in which the insured driver is at fault and the involved injuries or property damage exceed $2k.
Accidents are not the only cause of premium increases or non-renewals, another large factor is violations. Some violations that can seriously impact your premium are DWI, DUI, speeding tickets, moving violations, and suspensions. Fortunately, red light camera tickets only carry a fine and are not recorded on your license. For more information on how accidents and violations can impact your auto insurance please visit us at www.mackoul.com