How long do speeding tickets affect your insurance? Even those sophisticated motorists drive across the speed limit, which is why they are given a speed ticket. A speed ticket can lead to an increase in your insurance premiums. You can usually expect a speed ticket for at least three years to stay on your auto insurance record. It could remain on your record for up to five years. But this will depend on your insurance provider as well as the state in which you live. A speed ticket can, on average, increase the rate by $460 per year.
Before your insurance undertaking raises your rates, the severity of the speeding ticket is usually taken into account. If your speed limit exceeds 6 to 10 miles per hour, it does not increase as rapidly as a driver that exceeds 20mi/h.
Reasons Why Insurance Increase If You Have A Speed Ticket
How long do speeding tickets affect your insurance? Once again, it would affect your insurance for three long years, so be careful when you drive. When you get a ticket for speeding, it posits that you have hazardous driving habits that could result in an accident, making you a greater risk to insure. Moreover, industry data show that drivers will receive multiple tickets in the future after receiving one ticket.
Your insurance provider will raise your rates to make up for the added risk of insuring your vehicle. Keep in mind that if you receive too many tickets, whether for speeding or other violations, your provider may refuse you coverage when your policy is up for renewal. You have three options after receiving a speeding ticket.
#1. Pay for the ticket
You will be paying a fine depending on your state and the number of miles you drove beyond the speed limit when you received the ticket. Paying the ticket is an admission of guilt and will result in points on your driver’s license and an increase in insurance rates.
#2. Contesting the ticket
When you receive a speeding ticket, you’ll notice that it includes instructions for how to contest the ticket. If you successfully contest the ticket, you won’t receive points on your license, and your car insurance won’t increase.
#3. Ignoring the ticket
If you refuse to pay the ticket or contest it within a designated timeframe, you will most likely receive a notice that says that you need to pay additional fees. In addition, continuing to ignore the ticket can result in the state suspending or revoking your license, which insurance companies do not view favorably.
Tips To Save On Auto Insurance After A Speeding Ticket
Even if speeding tickets results in a rate increase, there are steps you can take to reduce your car insurance costs. The following suggestions may help so that you may consider them:
#1. Ask for discounts
While a speeding ticket means you probably won’t qualify for any safe driver discounts, there are other discounts you may be eligible. If you haven’t already, consider bundling your home owner’s insurance with the company that provides your car insurance to receive a bundling discount.
You’ll also see significant savings if you add all of your household’s vehicles to the same policy. Many providers will offer a discount for using the automatic payments feature. If you have a teen driver on your policy, they can qualify for a discount by maintaining a 3.0 GPA or higher.
#2. Drive safely
Even though you’ve already received a speeding ticket, it isn’t too late to start driving safely. If you refrain from receiving any more tickets within three years of your first ticket, your provider will likely be more willing to reduce your rates.
#3. Shop around
Because every insurance company has its rating system, a different provider might be able to offer you lower rates, even after factoring in recent speeding tickets.
#4. Opting for mitigation
Although mitigation cannot keep speeding tickets off the record, it can help lower the fine you will be paying. With this, you will plead guilty in court, but you will be given a chance to explain your situation that resulted in you having a ticket. You can then ask leniency to the judge.
However, please take note that it is not guaranteed in this option.
It will depend on whether or not the judge will believe in your excuse. The judge may or may not lower your fine. In some cases, they will leave it as how it is. So, remember all these tips and information and you will be alright! And that is how long a speeding ticket stays on your record.
It’s A Wrap!
How long do speeding tickets affect your insurance? In several states, the number of years, on average, for a speed ticket to stay on a driver’s license is three years. However, it can be greater or lesser in certain states. For example, Virginia speeders will see a speeding ticket on record for five years.
A speeding ticket will not only impact insurance premium amount, but it can also affect some other aspects. One may have to pay court fees, fines, and go to driving school after a quote.
Depending on the severity of your offense, your license may be suspended, and there could be an additional fee to reinstate it. The cost of your speeding ticket can vary depending on how quickly you go, how much your insurance increases, and the penalties you face.
Understanding the laws of your state can help you prepare for speeding tickets afterward. We hope you learned a lot from this post. For more helpful insurance articles like this one, you can read how to find my car insurance policy number or when is the best time to buy car insurance.