How Much Does a Speeding Ticket Affect Insurance Rates

June 13, 2013

If you have the unfortunate luck of acquiring a speeding ticket, insurance rates on your premium may rise. But how much can a moving violation affect your insurance? Unfortunately, there is no one real objective way to answer that question. Speeding tickets can alter your insurance rates a lot, a little, or not at all, depending on various factors.

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If you have been driving for a long time, and have had a relationship with an insurance company for a number of years, a minor moving violation, say fifteen miles over the limit, may not do anything to your premium at all. The reason your rates change for any reason with an insurance company is how much of a risk they view you as. If you are a forty five year old man with a spotless record and all of the sudden you receive a minor infraction, chances are you will be in the clear.

Now, if you're a younger driver that doesn't have a long history of being behind the wheel, and you get pulled over for going 100 miles an hour, then you have problems. Again, it's all about risk in the eyes of the insurance company. You may have your rates rise 25% or more for the next couple of years, just from that one ticket.

Many instances will occur somewhere in the middle, and with that, attending traffic school can be a good out. If it's an isolated incident, many judges will waive or significantly lower a ticket if you spend a Saturday in traffic school. And with that, your insurance company may not even find out about your ticket, or at least not punish you as much with a high raise to your premium.

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Related Questions and Answers

What is Required to Fight Your Traffic Ticket in Court?

There is not much that is required to fight your traffic ticket. You simply have to show up in court on the date that is specified on the ticket. It is best to show up on time, well dressed and ready to explain your side of the story. Fighting a ticket can by risky. it is certainly possible to negotiate your way to a lower ticket price. Judges will often bargain down to a lesser charge. On the other hand you run the risk of getting a judge that is not in a happy mood, or has no interest in your side of the story. In the majority of cases, people who get a speeding ticket are guilty, so expecting a ticket to be dropped can be a bit unrealistic. If there are mitigating circumstances, it never hurts to give court a shot.

Why are CA Speeding Ticket Fines Going Higher and Higher?

CA speeding ticket fines on the rise. There are too many reasons to cover in this short article, but the two major ones are safety and revenue. As the cost of speeding tickets go up, the number of drivers speeding tends to go down. Drivers will think twice about exceeding the speed limit when the fees are excessive. The second major reason to raise ticket prices is to raise revenue. Almost every state is experiencing budget problems and California is definitely not an exception. Raising ticket prices helps cover the salaries of police officers and other emergency services. The best way to avoid a costly ticket is to drive the speed limit.

Do Insurance Rates Go Up When Pleading No Contest to a Speeding Ticket?

Pleading no contest to a speeding ticket will almost always cause your rates to go up. It may take awhile, but eventually the ticket will catch up with you. An insurance company pulls a copy of your driving record every so often. The frequency will depend on the insurance company. When the ticket comes to their attention, it will affect your rates. There are some insurance companies that offer accident or ticket forgiveness. This usually means they will forgive one ticket every year or two. These types of polices are normally offered to long term customers with excellent driving records.

What is the National Average Speeding Ticket Cost?

The average speeding ticket cost varies by state. Each state sets its own speed limits and the fees for breaking those limits. Cost will vary not only by what state that you are in, but by how fast you are going. The majority of states impose higher fees as your speed goes up. The accepted national average is roughly $150. This average is for uncontested speeding tickets. If you go to court and lose, most states will tack on some additional court costs. Speeding tickets costs can be quite expensive. In addition to the ticket price, you can also expect your insurance rates to rise.