Insurance Rates May Vary Due to Texting Laws

Two states are enacting a ban on texting while driving this week - something that should serve as a reminder that until a likely federal ban is approved, insurance rates could end up varying from state to state.

According to the Insurance Institute for Highway Safety website, Maryland and Arkansas will become the latest states to ban texting while driving with laws set to take effect on October 1. The website also notes that New York's ban will take effect on November 1.

The organization notes that 18 states currently ban texting for all drivers, while nine ban novice drivers from doing so while the state of Texas bans bus drivers from texting.

The patchwork of state laws is likely to be trumped in the coming months if Congress ends up acting on legislation that would impose a nationwide ban on texting. No vote has been announced at this point, but the proposed ban does have the support of key industry groups, as well as a strong segment of the public.

A Baltimore Sun report says that drivers who violate the new Maryland law can be fined up to $500, which could potentially raise their insurance rates as well.