No one likes getting a speeding ticket. Aside from the fact that it'll cost you money in the form of a fine, it could also increase your car insurance rates. Does speeding ticket affect insurance? How much does speeding ticket affect your insurance? The answer may surprise you. This article will learn more about how a speeding ticket can affect your car insurance rates.
What Is A Speeding Ticket?
A speeding ticket is a notice of violation issued to a driver caught driving over the posted speed limit. Speeding tickets can result in a fine, points on your driving record, and increased car insurance rates. Persistent speeders may even have their license suspended or revoked in some states.
If you receive a speeding ticket, you will usually have the option to pay the fine or fight the ticket in court. However, before you take either route, it's essential to understand the potential consequences of each option. If you choose to pay the fine, you will be admitting guilt and will likely face an increase in your car insurance rates.
If you choose to fight the ticket, you may avoid these consequences if you can prove that you were not speeding. However, if you lost the case, you would be required to pay the fine and could also face additional penalties. As such, it's crucial to weigh all of your options before deciding how to proceed.
Does Speeding Ticket Affect Insurance?
If you get caught speeding, you're likely to face a fine, earn points on your license, and increase your insurance rates. But just how much does a speeding ticket affect your insurance?
It's important to understand that insurance companies base their auto insurance rates on risk. The more risky you are perceived to be, the higher your rates will be. And speeding is considered to be a high-risk behavior. So if you get caught speeding, your insurance company will view you as a higher-risk customer and charge you accordingly.
How much your auto insurance costs go up will depend on several factors. It includes the severity of the offense and your driving history. But you can expect to see an increase of at least 10% when you renew your policy. And in some cases, the increase can be much higher. For example, if you're caught speeding in a school zone or construction zone, you'll likely see a much larger hike in your rates.
So if you're wondering if does speeding tickets affect insurance, the answer is yes - it can have a significant impact on your rates. So it's always best to obey the speed limit and avoid getting a ticket in the first place.
8 Ways Speeding Ticket Affect You
Now that we've answered the question, does a speeding ticket affect insurance? Let's look at some of the ways it can affect you.
1. You May Have To Get An SR-22 Insurance
If you've been caught speeding or have been involved in multiple traffic accidents, you may be required to carry what is known as SR-22 insurance. This type of insurance is typically more expensive than traditional car insurance, so that it could lead to a significant increase in your rates.
2. Your Car Insurance Rates May Increase
Even if you're not required to get SR-22 insurance, your speeding ticket may still increase your rates. How much does speeding ticket affect insurance? It depends on the insurer, but you can typically expect your rates to increase by 10-20%.
3. It May Affect Your Good Driver Discount
If you have a good driving record, you may be eligible for a discount on your car insurance. However, a speeding ticket could cause you to lose this discount. As such, you may see a significant increase in your rates.
4. You May Be Placed in a High-Risk Insurance Pool
Depending on the severity of your speeding ticket, you may be placed in a high-risk insurance pool. It means that you will be grouped with other drivers who are considered high risks by insurers. Your rates will likely be much higher than they would otherwise be.
5. You May Have Difficulty Finding An Insurer
In some cases, a speeding ticket may make it difficult for you to find an insurer willing to cover you. This is especially true if you have multiple speeding tickets or other traffic violations.
6. It May Cancel Your Insurance
In some cases, your insurance company may choose to cancel your policy altogether if you receive a speeding ticket. You will likely have difficulty finding coverage from another insurer if this happens.
7. You May Have To Pay A Higher Deductible
If you have a speeding ticket on your record, you may be required to pay a higher deductible if you need to make a claim. You will have to pay more out of pocket before your insurance policy kicks in.
8. You May Lose Your License
In some cases, a speeding ticket may lead to your driver's license suspension or revocation. If this happens, you will likely face an increase in your car insurance rates when you can obtain coverage again.
How Much Do Speeding Ticket Raise Insurance Rate?
How much do speeding tickets raise your insurance? If you're caught speeding, you can expect your insurance rates to increase. How much they go up depends on several factors, including how fast you were going, how many points you have on your license, and whether or not this is your first offense.
In general, the faster you are going, the more points you'll have on your license, and the more your rates will increase. Speeding tickets can raise your insurance rates anywhere from 20% to 100%, depending on how fast you are going, how many points you have on your license, and your state's laws.
The good news is that most insurers will forgive one speeding ticket over three to five years. So if you get caught speeding, don't despair - your rates won't necessarily go through the roof. Just be sure to drive safely to avoid any further incidents.
5 Things To Do If You Get A Speeding Ticket
If you've been caught speeding, you can do a few things to minimize the impact on your insurance rates.
1. Request Traffic School
A speeding ticket does not automatically mean your insurance rates will go up, but it is a factor that may be considered when your insurer reviews your policy. If you have a clean driving record, you may be able to keep your rates the same by taking a defensive driving course or traffic school.
These courses teach you how to be a safer driver and can help prevent future car accidents. Insurance companies typically offer a discount for completing one of these courses. Check with your insurer to see if they offer a discount and whether taking a course will help keep your rates the same.
2. Check For Errors
Review the ticket carefully to make sure all of the information is correct. If you think there may be an error, you can contact the court to ask for a copy of the police report. This report will contain more detailed information about the incident, including the officer's notes and the radar readings.
If you find an error in the police report, you can ask for the ticket to be dismissed. In some cases, you may also be able to negotiate with the prosecutor to have the charges reduced. By taking these steps, you can minimize the impact of a speeding ticket on your insurance rates.
3. Fight The Ticket
No one likes getting a speeding ticket. Aside from the fines, which can be quite costly, a speeding ticket can also increase your insurance rates. But does that mean you should accept the ticket and move on? Not necessarily. In many cases, it may be worth your while to fight the ticket in court.
If you win, you'll save money on the fine and potentially avoid increasing your insurance rates. And even if you lose, you may still be able to negotiate a reduced penalty. So if you've been pulled over for speeding, don't just pay the ticket without considering your options. Fight the ticket and see what happens. You may be glad you did.
4. Pay Your Fine
If you're caught speeding, you may be wondering if it's worth it to pay the fine. After all, the consequences seem relatively minor: a fine, possibly some points on your license. But there are some other factors to consider, especially when it comes to your car insurance. Speeding tickets are considered moving violations, and they can significantly impact your insurance rates.
One speeding ticket could cause your rates to increase by as much as 20%. So while the initial cost of a speeding ticket may seem small, the long-term costs can be significant. If you're caught speeding, weigh all the factors before deciding whether to pay the fine or fight the ticket in court.
5. Wait It Out
Most states have a grace period for paying your speeding tickets. If you wait until the end of the grace period to pay your ticket, the fine will usually be reduced by a certain percentage. In some cases, you may even be able to get the ticket dismissed entirely.
It usually happens after three to five years, so your rates will eventually go back down if you can wait it out. If you can't afford to wait for the grace period to expire, you may need to bite the bullet and pay the ticket's total price. But if you can afford to wait, it's worth considering.
3 Tips For Avoiding Speeding Tickets
You can do several things to improve your chances of avoiding a speeding ticket. Here are three tips for avoiding speeding tickets.
1. Obey The Posted Limit
Obeying the posted speed limit is not only the law, but it can also help you avoid costly speeding tickets. Speeding tickets can lead to higher insurance rates, but they can also add points to your driving record. If you want to avoid costly consequences, it's best to obey the posted speed limit.
And remember, even if the posted limit is higher than the traffic flow, you can still be cited for speeding if an officer deems that you are driving too fast for the conditions. So, when in doubt, always err on the side of caution and go with the posted limit.
2. Drive During Daylight Hours
One of the best ways to avoid speeding tickets is to drive during daylight hours. There are a few reasons for this. First, police officers are more likely to be on patrol during the day than at night. Second, it is easier to see speed limit signs during the day.
And third, speeding is more dangerous during the day because there is more traffic on the road. So if you want to avoid getting a speeding ticket, stick to driving during daylight hours. You'll be less likely to get pulled over and safer on the road.
3. Keep Your Distance
One of the easiest ways to avoid speeding tickets is to make sure you're staying a safe distance behind the car in front of you. Most states have a minimum following distance of two seconds, but it's best to increase it to four or five seconds in adverse conditions. By giving yourself more space, you'll have more time to react if the car ahead of you uses its brakes suddenly.
Additionally, driving at a reasonable distance will help you avoid tailgating, one of the most common reasons for getting pulled over. So next time you're on the road, remember to give yourself some extra space and avoid costly speeding tickets.
Speeding tickets can have a significant impact on your insurance rates. If you're caught speeding, weigh all the factors before deciding whether to pay the fine or fight the ticket in court. And remember, you can do several things to avoid getting a speeding ticket in the first place. Obey the posted speed limit, drive during daylight hours, and keep your distance from the car in front of you. You can avoid costly consequences and keep your driving record clean by following these tips.