The Effect a Speeding Ticket Has on Your Insurance

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Speeding tickets often affect the driverís insurance in various ways depending on the frequency of tickets, the speeds he or she was driving and other involved factors. It is necessary to contact the insurance company to determine how these elements may lead to such consequences and how to avoid them best.

Insurance agencies may have different policies than the states where the driver resides. These are in addition to any problems the driver may face when acquiring a speeding ticket. The carrier may have a points system even if the state does not. Then, after so many of these points added to the driverís license, the individual may lose his or her policy. Some penalties may also include increased premiums each month for the coverage or a stipulation such as an SR-22 for high risk drivers. Some insurance companies will not even touch these drivers because the carrier considers him or her to have a higher risk of incurring tickets or dropping coverage.

Short Term Effects on Insurance

Many insurance agencies may provide the driver with a pass on the first or even second speeding ticket if there are no other factors affecting the driver. However, this could also occur when the agency does not look at the driving record immediately. Once the company is aware of the ticket, the premium may increase immediately. During the renewal period this may occur instead of during the month to month payments. Additionally, the individual may see an increase in charges if he or she seeks other insurance with a speeding ticket on his or her driving record in so many years recent.

Multiple Speeding Tickets

The short duration of acquiring more than just one speeding ticket usually act significantly against the driverís insurance policy payments. This could involve two or more speeding tickets in one year, or the driver may accrue these in a shorter span of weeks or months. Often when the individual has these tickets in his or her driving record, the insurance agency will assess whether to keep the person with the carrier. Cancelling the insurance policy is often necessary when the business feels the driver is too great a risk. Another action that could attach to his or her coverage is the need for an SR-22 which will follow him or her to the next company.

The Insurance Company

The primary reason that premiums increase after speeding tickets and other traffic violations is due to the higher risk of the driver incurring additional offenses. This could eventually lead to more dangerous situations where the person behind the wheel is in an accident. It is according to the National Highway Traffic Safety Administration statistics that drivers who have already engaged in speeding to acquire a ticket are much more likely to collide with obstacles on the road or cause or participate in a wreck. To offset for the risk of this supposed eventuality, the carrier will often increase the monthly payments at some point.

Sometimes when the company is in a small town and the driver knows the employees, the agents may reach out to the driver and explain what he or she should accomplish to keep his or her rates lower. This usually includes driving slower, keeping tickets to no more than one or two a year and paying any violations long before the deadline passes. By keeping a better driving record, many companies will lower the policy premiums as a show of faith in the driver. However, those in bigger cities may have little or no communication about any possible changes in payments or problems based on speeding tickets. It is then up to the driver to research these details.

Pursuing Action and the Lawyer

When a speeding ticket increases premium rates with insurance coverage, the owner of the policy may have little recourse. However, he or she could fight the ticket or reduce the amount the vehicle is on the road. This could decrease the amount of traffic tickets occur on his or her driving record in the future. If fighting the speeding citation is successful, the person may still need to contact the carrier to dispute any increases in monthly payments.

If the issue becomes legal, the driver may need to hire a lawyer. It is best to consult through various free consultation services with an agency before determining that a hire is necessary. Through contacting the legal representative it may become clear which course of action is best.


Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer.

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