Tuesday, October 27, 2009

NY Tickets and NJ Insurance

We spoke recently with a NJ insurance agent. He had received a ticket in NY which was an 1110a. This was a "road-side writedown" where the cop was giving him a break from a speed.

The agent told us that an 1110a would increase insurance rates by as much $900 per year for three years. He said he wished the cop had written him for a low speed because ...

NJ insurance companies treat a first-time low speed essentially as a free pass. While it does count for points on a NJ record, it does not impact insurance rates.

The agent said that for anything out-of-state 15 mph or above, even though it's only 2 points, the insurance companies do raise rates based on the speed and not just the points. He also verified that the 2-point deal we get for NJ clients in NY does not count for points in NJ and does not affect insurance rates.
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