You’re running late to work. You’re rushing. In order to get there on time, you need to go just a little bit faster than you’re supposed to. Then, it happens- you get a speeding ticket! According to the Statistic Brain, out of the 196 million drivers in the U.S., an average of 41 million will receive speeding tickets each year. That’s close to 112,000 tickets per day! You aren’t alone, but that doesn’t mean a ticket is no big deal. Not only will you need to pay a hefty fine and get points on your license, you’ll be dealing with the effects of this for years to come in the form of higher car insurance costs.
Yes, speeding tickets often increase the amount you pay for your California car insurance. This is because speeding tickets are considered part of your driving record. Insurance companies check your driving record and use this information to help determine your risk of having an accident or making an insurance claim. The data backs up the idea that you’re at higher risk of an accident because of speeding and other traffic violations. This is why a ticket on your driving record usually affects the cost of your insurance. After all, insurance companies make you pay more if they think it’s likely they’ll end up paying out in the future. It’s how insurance works!
The more speeding tickets you have, the more likely it is you’ll see increases in the cost of insurance. Drivers who receive speeding tickets are considered a higher risk group, and therefore be charged more for car insurance even if they haven’t made a claim to their insurance company yet. In the mind of the auto insurance carrier, it’s only a matter of time before someone who drives too fast causes an accident. If you have too many risky behaviors, you’ll pay for it- literally.
The amount that your auto insurance will increase after a speeding ticket is not always the same. Some factors that will be taken into consideration for a price hike include:
#1 Your prior driving record- Was this ticket your first offense? Or have you gotten many speeding tickets in the past?
#2 Amount of time since your last moving violation- As the years pass, it slowly lowers back down.
#3 How many miles per hour you were going over the speed limit- Going ten over is against the law, but going 50 over is seen as extremely risky behavior!
#4 Location where the violation occurred- Speeding in a school zone or construction zone is considered worse than going a little too fast on the highway.
All is not lost and you won’t have expensive car insurance forever. If you have received a speeding ticket, there are things you can do to help lower the cost of your auto insurance over time. For one, focus on safe and slow driving so you don’t receive another ticket. The better your driving record is, the lower your premiums will be. One speeding ticket won’t be the end of the world, but regularly getting them could cause a major problem with your car insurance.
Another option is to contact Pronto Insurance and discuss the details on your car insurance policy. If your car insurance premiums have increased, you may be able to reduce those costs by changing the coverage you have. Whether this option is right for you will depend on your insurance needs. One of our friendly and knowledgeable insurance agents will be able to provide more information in order to help you make a decision about your California car insurance coverage.