Tag: insurance premium

How Traffic Violations Affect Your Insurance Premium

Posted on by butlervetinsurance

While many drivers are well aware that getting a speeding ticket affects both their bank accounts and insurance premium, many are unaware of how other moving violations impact those numbers. Research shows that one moving violation can increase your insurance premium up to 93%. That means the rate you have been working so hard to earn with multiple discounts is gone, and you are now forced to pay nearly double. Compiled is a list of the top 7 most expensive moving violations that affect your insurance premium:

Top 7 Most Expensive Violations Include:

  1. DUI – 93% Increase in Insurance Premium
  2. Reckless Driving – 82% Increase in Insurance Premium
  3. Speeding – 30% Increase in Insurance Premium
  4. Careless Driving – 27% Increase in Insurance Premium
  5. Failure to Stop – 19% Increase in Insurance Premium
  6. Failure to Yield to Pedestrians – 19% Increase in Insurance Premium
  7. Driving in a Carpool Lane – 18% Increase in Insurance Premium

Like most things, each state varies on premium increases following a moving violation. California tends to take the spot for the most expensive premium increases. The numbers compiled above represent a nationwide average. Likewise, the amount your insurance premium increases also depends on your insurance provider. Some insurance providers forgive your first moving violation but penalize you more for your second violation. There was an obvious forgiving trend in those who have all of their insurance policies bundled with one insurance carrier.

Stromsoe Insurance Agency is available for all of your California auto insurance needs. We can help you determine how your recent moving violation will affect your insurance premium. Contact us today and allow us to provide you with the peace of mind knowing your mode of transportation is adequately protected. We are available to answer any and all of your questions around the clock.

Make Sure You’re Getting All The Homeowners Insurance Discounts You Can

Posted on by butlervetinsurance
Most companies offer basic discounts on Homeowners coverages, such as bundling Home and Auto insurance, loyalty rewards, and installing smoke detectors and/or home security systems.

However, a growing number of companies offer significant premium discounts on Homeowners insurance to policyholders who are:

  • Senior citizens. If you’re 60 or older, you could lower your premium by as much as 15%.
  • Non-smokers. If you’ve given up the habit — or have never picked up a cigarette, cigar, or pipe — you might qualify for a discount.
  • Married couples or widows/widowers. Could be eligible for discounts of up to 5%.
  • New buyers who have closed a home purchase within 60 days.
  • Willing to increase coverage to reflect a rise in inflation.
  • Ready to buy coverage for the full value of a home.
  • Prepared to buy from a new carrier before the policy with your current insurance company expires.
  • New policy holders with the company (the “welcome” discount) and purchasing coverage for the entire value of your home.

You might also be eligible for a discount if you don’t have a Property damage claim for a specified period, such as three years.

Bear in mind that many insurance companies might not offer some (or any) of these discounts.

To see if you’re eligible, check with the professionals at our agency. We might be able to save you some big dollars. Call today! 877-994-6787

Crackdown on Texting Drivers Could Raise Auto Premiums

Posted on by butlervetinsurance

Enforcement has been weak for drivers who have been texting behind the wheel but they will soon find that this is no longer the case, thanks to Uncle Sam – and getting caught might kick up their Auto insurance premiums.

Although 39 states prohibit texting while driving, these laws have been tough to enforce; many people have been able to scoff at the law unless they’re involved in an accident while texting.

To help state authorities catch texting drivers in the act, the National Highway Traffic Safety Administration has issued $550,000 in grants.

The impact of texting behind the wheel on Auto premiums varies by state. If a state penalizes these infractions as moving violations, a citation will add points to the driver’s record – which means that insurance companies could raise rates For example, according to an analysis of quotes from two leading Auto insurers, motorists in New York State who receive tickets for texting while driving will pay an annual premium penalty of $59 to $74 when they renew their policies. However, in states that don’t add driving points for this type of misbehavior insurers will not be able to hike premiums.

Let’s hope that the new federal grants, together with the pocketbook pain of higher Auto premiums, will help curb texting by thoughtless drivers – and make the nation’s streets and highways safer!