Older Drivers Are Not Punished for Citations as Often reports Cheap Texas Car Insurance
Younger drivers more likely to rack up premium costs with ticket
According to Web-based insurance marketplace totals, only 15% of drivers over the age of 50 reported experiencing an increased premium following a citation. That is nearly 60% less than the percentage of 18- to 29-year-olds that with similar citations, according to InusranceQuates.com. The insurance site is owned by North Palm Beach, Florida-based Bankrate Inc. and is the result of the companies recent survey.
Older drivers receive far less scrutiny when it comes to insurance companies due to the lack of frequency in tickets, say Laura Adams, who works as a senior insurance analyst of InsuranceQuotes.com. Adams also stated that insurance companies check records of the lesser-experienced drivers far more frequently than they do the elder drivers, and are more likely to note citations to raise premiums.
“The motor-vehicle-record check is very expensive,” Adams said. “Insurance companies try not to pull it more than they absolutely need to.”
Allstate Corp, which is the No. 1 publicly-traded U.S. auto insurer, stated that it does not differentiate between the young and old drivers.
“Any MVR ‘check-up’ is based more on claim activity than age,” Justin Herndon, a spokesman for the Northbrook, Illinois- based insurer, said in an e-mail.
The survey by the on line company took into account 1,000 adults living within the 48 continental states, and showed that fewer than a third of those who received a traffic ticket in the previous five years were paying more for car insurance.
Steven Weisbart, the vice president as well as chief economist at the Insurance Information Institute, stated that it is rather difficult to isolate a single causal nature for the boost in price of coverage.
To single out traffic tickets and say that increases are attributable to that, is really misunderstanding how the system works,” he said.
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