There are many different factors that determine what each individual will pay for their car insurance policy. Everything from your age to the state you live in and your marital status affect your premium. but when you get a speeding ticket you can also see changes to your bottom line.
How Will a Speeding Ticket Affect You?
Each insurance company has a different way of handling speeding tickets. In some cases for a first offense you may not see any changes to your regular premium payments. Other companies could raise your rates over the course of 3 years for a speeding ticket. While others may apply a surcharge to your premium that can be removed after one year if no further speeding tickets or other traffic infractions are added to your driving record during that time.
The severity of your ticket also has to do with any possible changes to your rate. For example, if your speeding ticket was for 10 mph or more over the speed limit you could be looking at more moderate effects on your insurance premium than you would for something minor like a broken tail light.
Excessive speeding is where most people see the biggest changes in their overall insurance rates. It is also important to keep in mind that a speeding ticket for 20 mph over the limit will carry stronger penalties than one given for 5 mph over the legal limit.
Avoid the Surprise of Changing Rates
There is only one way to know for sure what changes you may be facing when it comes to your insurance premium after getting a speeding ticket. Understanding your policy and having a good relationship with your insurance agent is the best way to keep from getting a surprise premium change.
If you are in the dark when it comes to the terms of your current policy it may be time to shop around for new insurance quotes. Finding a policy that has your best interests in mind doesn’t have to be a daunting task. You can easily find affordable and comprehensive coverage with an experienced, independent agent online in just minutes.