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Does a Accident Cause My Car Insurance to Go Up?
Jeff Ryan - CLU, ChFC, AIA, CIC, CPCU
July 10, 2022
Car Insurance Costs is Dependent on Several Factors
The answer to this question is going to depend on several factors:
- The state in which you reside - Insurance Departments approve how insurance companies can weigh rating variables.
- Are you applying for a new policy following the traffic ticket? Or do you already have an auto policy in place?
- Your insurance company’s renewal practices - does your company run Motor Vehicle Reports (MVR) on renewal?
- The type of traffic ticket - Minor violations may have little to no impact.
In New York, most companies will forgo requesting updated Motor Vehicle Reports on renewal unless they have some apparent reason. The majority of companies pass on rerunning MVRs because of the cost. New York charges insurance companies to request that data.
Another reason our state’s carriers typically pass on this practice? A minor violation does not affect one’s rate nearly as much as other factors. What are the significant factors influencing what you pay for car insurance? See our blog article: What are the Primary Factors That Cause My Car Insurance to Go Up?
About the Author: Jeff Ryan has been a licensed insurance agent since 1978, later becoming a full-time insurance professional in 1983. Since then, he has been the principal of The Ryan Agencies with offices in Hornell, Jasper, and Wellsville. The agencies serve approximately 15,000 clients in New York and Pennsylvania. Jeff holds numerous credentials including the Chartered Property & Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Accredited Advisor in Insurance (AAI), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC) designations. He holds a Master's Degree from the American College. Jeff enjoys writing about all things insurance and welcomes your questions and feedback.
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