Speeding Ticket And Your Car Insurance
Introduction
Getting a speeding ticket can be a frustrating experience. Not only does it mean paying a fine, but it can also affect your car insurance rates. In this article, we will discuss how speeding tickets can impact your car insurance and what you can do to minimize the impact.
How Speeding Tickets Affect Your Car Insurance Rates
When you receive a speeding ticket, your car insurance company will likely find out about it. This is because your driving record is part of your insurance company's risk assessment when determining your rates. Speeding tickets can be seen as an indication that you are a higher risk driver, which can lead to higher insurance premiums.
Depending on the severity of the speeding ticket, your car insurance rates could increase by anywhere from 10% to 30%. This can be a significant increase, especially if you have multiple speeding tickets on your record.
What You Can Do to Minimize the Impact
If you receive a speeding ticket, there are a few things you can do to minimize the impact on your car insurance rates:
- Take a defensive driving course: Some insurance companies offer discounts for drivers who complete a defensive driving course. This can help offset the increase in rates from a speeding ticket.
- Negotiate with your insurance company: If you have a good driving record otherwise, you may be able to negotiate with your insurance company to avoid a rate increase.
- Shop around for insurance: If your car insurance rates increase significantly after a speeding ticket, it may be worth shopping around for a new policy. You may be able to find a better rate with a different insurance company.
Conclusion
Getting a speeding ticket can be a frustrating experience, but it doesn't have to be a financial burden. By taking steps to minimize the impact on your car insurance rates, you can avoid paying more than necessary. Remember to always drive safely and obey the speed limit to avoid getting a ticket in the first place.