Does Parking Violation Affect Insurance?
As a driver, parking violations can be a pesky problem that you would rather not think about. However, the impact of parking violations goes beyond the fine itself. One common question many drivers have is whether parking violations can affect their insurance. In this article, we will provide a direct answer to this question and explore the possible ways in which parking violations can impact your insurance.
Does Parking Violation Affect Insurance?
Yes, parking violations can affect your insurance. Insurance companies consider parking violations as a risk factor when calculating your premium. A parking violation can raise your insurance premium in several ways:
• Increased Premium: A parking violation can increase your insurance premium by up to 15% to 20%.
• Higher Deductible: Some insurance companies may impose a higher deductible for policyholders who have multiple parking violations.
• Increased Liability: In the event of an accident, parking violations can be used as evidence of reckless or careless driving, which can increase your liability premium.
Types of Parking Violations That Affect Insurance
Not all parking violations are created equal when it comes to insurance. Some parking violations are more likely to impact your insurance premium than others. The following are types of parking violations that may affect your insurance:
• Expired or Unrenewed Registration: This type of parking violation may indicate that you are neglecting your vehicle’s maintenance, which can increase your insurance risk.
• Multiple Violations: A pattern of parking violations may indicate reckless or careless driving, which can increase your insurance premium.
• Violations with Accidents: Parking violations that involve accidents, such as leaving the scene of an accident or failure to report an accident, may have a more significant impact on your insurance premium.
Ways to Avoid Parking Violations
To avoid parking violations that can affect your insurance, follow these tips:
• Check for Parking Restrictions: Before parking, check for signs and restrictions in the area to ensure you are parking within the law.
• Use Parked Car Accessories: Use parking apps and accessories, such as ParkMe or SpotHero, to help you find parking spots that are legal and available.
• Check Your Vehicle: Ensure that your vehicle is properly maintained and in good condition to avoid violating parking restrictions, such as having a faulty brake light.
• Avoid Leaving Your Vehicle: Avoid leaving your vehicle parked in an area where it may be a target for theft or vandalism.
Table: Impact of Parking Violations on Insurance
| Parking Violation | Impact on Insurance Premium | Impact on Liability |
|---|---|---|
| Expired or Unrenewed Registration | +10% to 15% | Higher Liability Risk |
| Multiple Violations | +5% to 10% | Higher Liability Risk |
| Violations with Accidents | +20% to 25% | Significant Liability Risk |
Conclusion
Parking violations can have a significant impact on your insurance premium. Insurance companies view parking violations as a risk factor and may increase your premium, impose a higher deductible, or increase your liability risk. To avoid parking violations that can affect your insurance, check for parking restrictions, use parking apps and accessories, maintain your vehicle, and avoid leaving your vehicle in areas where it may be at risk. By understanding how parking violations can affect your insurance, you can take steps to protect your policy and keep your insurance premium low.
