The Link Between Traffic Violations and Motorcycle Insurance Premiums
Ever cruised down the open road, wind in your hair, only to be pulled over for a forgotten turn signal? While a minor traffic violation might not seem like a big deal, it can put a serious dent in your motorcycle insurance savings Let’s continue reading to break down the link between traffic violations and your premium and equip you with tips to potentially lower your rates even if you’ve had a ticket
Understanding Traffic Violations
Traffic violations encompass any transgression of traffic laws. These can range from minor offenses like speeding or failing to signal a lane change to more serious violations like driving under the influence (DUI) or reckless driving. The severity of the penalty associated with a violation depends on the specific offense.
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Insurance companies view traffic violations as indicators of risk. Riders with a history of violations are statistically more likely to be involved in accidents, which translates to higher potential payouts for the insurer. As a result, riders with clean records typically receive lower premiums than those with violations on their record
The impact of a violation on your premium depends on several factors, including:
The severity of the violation: More serious violations like DUIs or reckless driving will have a more significant impact on your premium than minor offenses
The number of violations: Multiple violations within a short period will raise a red flag for insurers and likely lead to a steeper premium increase. Your driving history: A clean driving record before the violation will help mitigate the impact.