Will A Speeding Ticket Make My Insurance Too Expensive?

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Will A Speeding Ticket Make My Insurance Too Expensive?

Will A Speeding Ticket Make My Insurance Too Expensive?

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Written by John Brennan

Friday, 02 January 2009 10:39

Many people will experience that sinking feeling when they see a police car in their mirror and realize they're well over the speed limit. You're not alone; but after you've paid the fine, how much will you have to pay to your insurance company for that moment of carelessness?

by JohnBrennan

Many people will experience that sinking feeling when they see a police car in their mirror and realize they're well over the speed limit. You're not alone; but after you've paid the fine, how much will you have to pay to your insurance company for that moment of carelessness?

One factor that insurance companies will look at when deciding on a rate change is the policy holderas previous driving record. If you have had a policy with them for a long period of time and this is your first ticket, your insurance will usually not go up too drastically. However, new policy holders who receive a ticket soon after taking out automobile insurance could have a significant rate increase.

Age also plays a strong role, with younger drivers taking a hit in overall cost, even if they abide by all the rules of the road. A young driver with a ticket clearly indicates to the insurance company that they are a bad risk.

The companies also take into account the exact nature of the violation: the amount over the speed limit, as well as how high the total speed was clocked. All these elements have a role in dictating the driver's level of risk.

If your driving infraction caused a serious accident, then you should not be surprised when you insurance increases a large amount. You actions have resulted in the insurance company paying out money, and it will now seek to claw it back through higher premiums. That will be the case however blameless your previous driving career has been.

On the other hand, it is a relatively little known fact that tickets can be dismissed and excluded from your driving record by a court. Courts often dismiss tickets for smaller violations, with the driver only having to pay court costs. Check out the exact situation in your state.

Many Americans don't have any car insurance - make sure you're not one of them! It is important that you are properly protected by an insurance policy for when disaster hits, regardless of how good a driver you think you are. Well known companies like Allstate and Progressive Direct can provide you with insurance online or by phone. Always provide accurate and truthful information, and take the time to shop around for quotes and the best deal.

Nobody enjoys getting a ticket, but it need not be a disaster in terms of continued insurance coverage of your driving. As with most things in life, it pays to be prepared. Check out your insurer's policy towards traffic tickets BEFORE you get caught. That way you won't have to face anything more unpleasant than the police officer's telling-off.

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