How Do Speeding Tickets Affect My Car Insurance?

Speeding tickets can cause your insurance premiums to jump over 20%. Along with other things, paying for your insurance can seem almost impossible. If you are sure to maintain a good driving record for a couple of years after receiving the ticket, your premium could drop back down to what you were paying previously.

Other factors

There are other factors that can affect what you pay for auto insurance after receiving a speeding ticket. If you are someone who was slammed with a criminal speeding ticket or what is called an extreme speeding ticket, your rates become so high you may not be able to afford them anymore. You would be deemed a “high risk” driver and the premiums may end up doubling which can really put a damper on your wallet.

Your driving record

Your driving record in general will also affect what you will pay for car insurance after receiving a speeding ticket. If you have a pretty good record you may not be affected, but if you have a pretty spotty record, your rates could increase to an even huger amount. If you are multiple offender, you could face being dropped from your insurance carrier. Then you will have a fight getting insurance and may be required to carry an SR22 form for “high risk” drivers.

Your location

It really depends on where you live as to whether or not your car insurance premium is going to increase or not. The actual car insurance is regulated by the state in which you reside and each state as their own laws and guidelines to follow. In one state you may know someone who rates increased just by ten percent, but in your state your rate increased by 15. Getting a speeding ticket is going to be rough on any kind of car insurance, just make sure to always pay attention to your driving ans try to never go over the speed limit.

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How Do Speeding Tickets Affect My Car Insurance?

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