Top 10 Insurance Myths Explored

Parking Tickets Don’t Affect Insurance:

Taken at face value, this myth is true – accumulating parking tickets won’t affect your insurance premium. That is, as long as you’re paying them off. Too many unpaid tickets and you risk losing your driver’s license, or having it suspended. If that happens, your insurance premiums can change drastically.

On the other hand, speeding tickets and any other moving violation will usually result in an increase in your insurance premiums.