Higher Traffic Violations Lead to Increased Car Insurance Premiums: Confirmed by Multiple Insurers
17 hour ago / Read about 0 minute
Author:小编   

Recently, Chengdu has pioneered the implementation of a policy that ties commercial car insurance premiums to traffic violations. Several insurance companies have verified that if a vehicle racks up five or more violations within a year, its commercial insurance premium for the subsequent year will rise. Conversely, a minimal number of violations will not affect the premium. An insurance agent noted that vehicles with frequent violations, to the extent that the driver's license points are nearly depleted, will face a hike in their commercial insurance premiums. The disparity in premiums for the same vehicle model, depending on whether it has numerous violations or none at all, can amount to several hundred yuan.