How Does Speeding Ticket Affect Your Insurance Rate?

Officer uses a radar gun to check the speed of carsIt’s said there are only two sure things in life: death and taxes.

Add another one: a heavy foot means a lightweight wallet.

For the most part, speeding tickets translate into significantly higher insurance rates and even drivers with previously spot-free records could see their insurance rates go up more than 25%, even for first-time speeding tickets. And that ticket could follow a driver for up to three years, depending on the insurer.

The amount and length of the insurance premium increase depends on a few factors.

One of them is the driver’s ticket history. If this is the latest in a string of speeding tickets, the driver may fall into the dreaded “high-risk” category which is sure to keep rates high for several years and may even cause a drop in coverage. How fast they were going over the limit also plays a factor in any increase.

How cozy a driver’s relationship is with their insurer could also determine what happens to their insurance rate after a speeding ticket. If the driver has a spotless driving record and is a long-term customer, there is an outside chance the insurer may not hold it against them.

What state a driver hails from can also determine what happens to insurance rates after a speeding ticket. In some states it’s required for insurers to raise rates after a speeding ticket while in other it’s prohibited.

Some drivers choose to fight the speeding ticket in court and if it is dismissed in court their insurer will never even know of it.

However the best way a driver can ensure that a speeding ticket does not affect their insurance rate is to avoid them altogether.