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Drive Fast and Lose Big on Car Insurance

September 21, 2011

traffic congestionOne of the upsides of living in a big city is the convenience to everything. The downside is having to deal with traffic…lots of traffic. This everyday inconvenience can quickly turn into a major headache, especially when you’re running late for work or an appointment. Even though it may seem like a good time to speed the moment you see the open road, getting caught can have major repercussions.

According to Equifax blogger Linda Rey, your traffic violations can cost you a lot more than the price of the ticket. In “Traffic Violations and Your Auto Insurance Policy,” she explains why your wallet will be hurting well after your visit to the county courthouse.

You may think that the officer is the only one seeing your ticket, but your car insurance company is watching too. After all, they need to determine how much of a risk you are so that they know how much to charge you. Insurance companies see speeding tickets and other violations as red flags. This creates a simple cause and effect – the more tickets and accidents you have on your record, the higher your insurance costs.

Of course, Rey also points out that slowing down and paying attention will also lower your risk of injury or worse. To read Rey’s article and others, visit the Equifax Finance Blog at http://blog.equifax.com and sign up to follow it on Facebook, Twitter or by RSS feed.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

1 Comments

1

There are many factors that will affect your car insurance rates, including your driving habits, type of car you drive and your age. A Chicago auto insurance agent can help you get the right coverage for your specific situation.

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