Virginia’s Increased Speed Limits Could Raise Auto Insurance Claims

Emergency vehicleVirginia recently voted to increase the speed limit on a number of its rural highways. This safety risk might result in a larger amount of auto insurance claims.

This could make high risk auto insurance for Virginia more common. The state has yet to say on which of their roads the speed limit will be raised to 70 miles per hour. That decision is left up to the Virginia Department of Transportation, which says it’s looking over information about speed and crashes in order to decide which roads should get the bump in speed limit.

While Virginia’s governor believes the new law will “help commuters get to their destinations more quickly and safely,” not everyone is in favor of it. The Shenandoah County Board of Supervisors opposed it, saying the speed limit increase would place strain on emergency and police workers.

Multiple studies have found that raising the speed limit, even minimally, increases the risk of car crashes, the U.S. Department of Transportation said. There are 15 percent more accidents on interstates that have raised their speed limits.

A survey from the Medical College of Wisconsin found that 61 percent of parents admit to speeding, which is cause for concern since it also found that teens often mimic their driving habits.ADNFCR-3298-ID-19799869-ADNFCR

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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