Traffic Tickets May Soon Cost Homeowners More Than Just A Fine

By Dennis Norman, on February 17th, 2016

Credit reporting giant, TransUnion, did an evaluation to determine if there was any relationship between homeowners with criminal charges, including traffic violations, and their homeowner insurance claim loss ratio.  What TransUnion found was that there was a “strong correlation between violation activity (traffic and criminal violations) and homeowners insurance loss ratio performance.”

TransUnion is now marketing this data to the insurance industry suggesting “homeowners insurance carriers can surcharge consumers with ratable traffic or criminal violations, or extend a discount to homeowners who are safe drivers“.  So, in addition to possible attorney fees and fines to settle that traffic ticket, you may very well be facing higher homeowners insurance premiums as well.

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