November 14, 2007
Q: How Long does it take for insurance companies to drop insurance points?
A: Most insurers surcharge for points for 36 months after the date of the violation.
Usually you’ll see points drop (and premiums go down) the first time your policy renews 36 months after your violation.
If the points drop is significant, you may want to rewrite the policy or shop around for a new policy as soon as you pass the 36 month point.
Some insurers will write you in a higher risk ’sub company’ due to your points and charge more premium. After your points drop they may not automatically enroll you in their lower cost ‘preferred’ company unless you ask, so it’s always good to ask. Good luck.
