“How will this ticket affect my auto insurance?“
This is one of the first thoughts that will go through your mind after a traffic infraction, especially as you begin to think about how much a moment of carelessness will end up costing you. Unfortunately, there is no easy answer as to how much your auto insurance might creep up after you receive a ticket.
Factors That Will Affect Speeding Ticket Costs
Every company has its own policy regarding traffic tickets. You might see a rate hike for three years or for one year (providing that you don’t get any additional tickets during that time). The good news is that many companies are willing to work with you if you’re a loyal customer with an all-around good record. In some cases, you may not be charged a fine at all!
On the downside, speeders are usually punished the worst by auto insurance companies, as excessive speed is a factor in a third of all fatal crashes. Therefore, if you were driving more than 15 miles over the posted speed limit, you can expect significantly higher insurance rates. On the other hand, if you were only going 5 miles over the limit, you might not see as drastic an increase.
Does Speeding Ticket Increase Insurance?
The first decision you’ll have to make is whether to plead innocent or guilty. If you are concerned about your auto insurance rates going up, you should contest the charge. If you go to court, you can often reduce a speeding ticket down to a lesser infraction, such as “failure to yield” or a parking fine. In some cases, the judge will even dismiss your case altogether and you won’t receive any penalty at all. Another way to reduce your auto insurance costs following traffic tickets is to attend a defensive driving course.