What Happens to Your Auto Insurance if You Get a Speeding Ticket?

Have you ever been late for an appointment where speeding seemed like a good idea? Or, perhaps you’re one of those drivers who has a lead foot and routinely tries to break the sound barrier on the road. Regardless of which group you fall into, if you’re not driving at a safe speed and receive a speeding ticket (or several), the points on your license might affect how much you pay for auto insurance.

Many factors are used to determine how much a company is going to charge for auto insurance. Top among them are where you live and your years of driving experience. Another primary influence on how much you’ll pay is your driving record, which includes speeding violations.

How Insurers View Speeding Tickets

It’s no secret that many of us like to drive fast. According to the Bureau of Justice Statistics, there are more than 26 million traffic stops annually, and over 46% of those are for speeding. When insurance companies determine auto insurance premiums, they consider your driving history, and your driving record lists such things as accidents and speeding tickets. When an insurer sees that you have a speeding ticket, they view you as more likely to get into an accident and cost them money.

The Impact of Speeding Tickets on Your Auto Insurance Rates

How much your auto insurance premiums will increase, if at all, after you receive a speeding ticket depends on several factors. The first is how much you were exceeding the speed limit. Drivers ticketed for speeding 15 miles or more over the speed limit receive higher rate increases. The next factor relates to repeat violations.

If you are receiving multiple speeding tickets, regardless of severity, you are probably going to see a rate increase. Finally, many states use a points system for moving violations and insurers also associate risk with these points. The more points you have, and the longer they are on your record, the higher your auto insurance rates.

Speeding tickets can not only result in increased rates, but there are some other consequences as well. You can lose out on safe driving discounts that you would have otherwise earned over time with your insurance company. Also, if you get enough moving violations, your insurance company might cancel your policy, and you’ll need to seek coverage through your state’s risk plan. This type of plan is usually more expensive than a standard policy.

If you receive a speeding ticket, you might be able to protect your auto insurance rates.

What to Do if You Receive a Speeding Ticket

Fortunately, not all speeding tickets need to result in a higher auto insurance premium. In fact, insurance companies have to pay to pull motor vehicle records and only do this with new policies and renewals. While you might get lucky and slip through the cracks if you’ve had speeding issues, you can also be proactive to protect your auto insurance rates.

If you receive a speeding ticket, assess your options before admitting guilt. You might be able to enroll in traffic school or take a defensive driving course, which will remove the ticket from your driving record and save you an auto insurance rate increase. Of course, this option is generally available to first-time offenders, so safe driving is your number one defense against rate increases.

No one enjoys having their auto insurance rates increased, but speeding tickets happen on occasion. If your rates do go up, the boost will be temporary, and this will vary by insurance company. Find affordable auto insurance now, with a simple auto insurance quote.

The information in this article was obtained from various sources. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

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