AUTO INSURANCE ARTICLE
How Does A Speeding Ticket Affect Your Auto Insurance?
By: AndyWOne of the worst events to happen to you for raising your auto insurance is a speeding ticket. A speeding ticket will stay on your auto insurance and raise your premium rates. You will lose eligibility for other types of savings. Learn how a speeding ticket will affect your auto insurance.
Speeding Ticket Ruins a Clean Driving Record
If you have a clean driving record of 5 or more years, beg the officer to give you a warning instead of a speeding ticket citation. A speeding ticket will automatically disqualify you for a clean driving record discount with your auto insurance company. You can save a significant amount on your auto insurance with this discount. For this reason, it’s important to keep your eye on the speed limit signs and follow the rules of the road.
Speeding Ticket Makes You an Insurance Risk
Auto insurance companies give lower rates to drivers that are a low-risk for accidents. A speeding ticket indicates to the insurance company that you don’t comply with the rules of the road. This in turn, puts you at a higher risk in the eyes of the auto insurance company. Repeated speeding tickets can make it very difficult to get or keep auto insurance.
Points Against Your Insurance
When you receive a speeding ticket, the auto insurance company assigns points to your account and to the DMV. Insurance points determine how much you pay for insurance. These points remain on your record for several years. The actual number of years depends on the state you live, number of miles you drove over the speed limit and number of previous speeding tickets.
Some insurance companies will drop you as a customer if you have too many points. Other insurance companies will significantly raise your insurance premiums or not even accept you as a new client with multiple speeding tickets.
Related Links:
Auto Insurance