These are a system of Points that arise out of moving traffic violations or accidents. These Points can vary with different companies depending on their underwriting guidelines. It should be noted that in conjunction with the assignment of Points, the Safe Driver Discount is lost. Since Points are chargeable on an insurance policy for three years, it could take an insured seven years to recoup the favorable rates enjoyed prior to any accidents or convictions. To avoid the high cost of surcharges, the obvious answer is to be a safe driver.
Courtesy goes a long way.
The law further requires all insureds to notify the insurance company when he or she moves and is no longer a resident of this State. Failure to sign the residency document can result in the cancellation of the policy.