How Tickets Affect Your Auto Insurance Rates

Insurance - Auto Insurance

Wednesday, 01 March 2006

Page 1 of 2 There are too many individual factors to predict how much, if any, this one speeding ticket will increase the insurance premiums for the entire family. Premium increases will depend on the number of cars, number of drivers and their driving records, the insurance carrier, previous losses and state law. If your are over twenty five and this is the only ticket on your record in the last three years it will make little difference on your auto insurance rates. Also Insurance companies do not necessarily review your driving record every year. Motor vehicle records are checked when you first apply, renew and at periods particular to that company. It generally takes between 1-2 tickets to change your insurance rate. One ticket alone may not raise your insurance rates. If you receive multiple speeding tickets in a short amount of time your car insurance could easily double. Large increases will start with your second ticket. That is why it is important to keep any and all tickets off your record. Your carrier may eventually find your traffic ticket and possibly back date your premium payment. Speeding tickets stay on your driving record for several years. A DUI or reckless driving conviction could get your coverage canceled and make you uninsurable. You can expect one four point ticket to increase your insurance premiums by at least 50% for each of the next three years. Violations on your driving record can make you ineligible for discounts that help you save more money on auto insurance! Nearly all states share information about out-of-state driving infractions. Having a speeding ticket on your record could mean you’ll pay higher auto insurance rates for several years It usually takes several points in a 4-12 month period to get your license suspended in most states. Typically insurance companies only check high risk drivers and those who drive a company vehicle every year.  << Start < Prev 1 2 Next > End >>

Last Updated ( Tuesday, 08 August 2006 )

 

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