Speeding Tickets Affect Insurance Rates

Disobeying the speed limit is one of the biggest causes of accidents, and insurance companies take speeding seriously by charging higher rates to people who accumulate points on their driver license by speeding. If this is your first offense, your insurance premiums may not go up, but if you have gotten more than one ticket for the same offense you can probably look forward to paying higher premiums in the future.

The good news is that your insurance company may not update your driver license information until time for renewal comes around. This is completely dependent on the operating policies of your insurance company, but many of them do not routinely update the driving history of their clients unless there is a reason to do so. In this event, your rates may not change for a few months, but don`t be surprised if the cost is higher the next time you have to purchase car insurance.

How much affect a speeding ticket will have on your car insurance rates depends on a number of factors, including how many points you have accumulated in the past year, the total you have gotten over the last 3 to 5 years, and the seriousness of the most recent speeding ticket. If you were traveling less than 10 miles over the limit, your rates may not increase much, but if you were driving more than 20 miles over the limit you are probably going to see a large increase in your rates because excessive speeding is the same as reckless driving and the penalties are much more severe.

If you are afraid your insurance rates are about to go up, or if they already have, you can use the Internet to look for better rates from another company. Because insurance is so competitive, many companies will offer you a discount for purchasing the policy online or offer other cost breaks intended to lure you away from your current insurance provider.