Why Do Speeding Tickets Affect Your Car Insurance and What Can You Do?
If you recently got pulled over for speeding, you may ask yourself how much it will affect your insurance rates. After all, you do not want to spend more on your car insurance than you already are. How much your rates increase will depend on several different factors, so you should get in touch with your car insurance agent promptly.
Why Do Speeding Tickets Increase Your Car Insurance Premiums?
Car insurance companies frequently increase customers' premiums if they get pulled over for speeding. Driving over the speed limit increases the risk of accidents, so insurance companies want to protect themselves. These companies believe that they will have to pay more money for accidents and charge you higher premiums for it.
There are several factors that affect how much your premiums will increase, such as how many miles you were driving over the speed limit. For example, if you were just driving a few miles over the speed limit and this is your first offense, they might not increase your rates at all. On the other hand, if you were driving more than 30 miles over the speed limit, your insurance company will likely increase your premiums.
How Do You Reduce Your Insurance Rates After a Speeding Ticket?
If your insurance company has decided to increase your premiums for getting a speeding ticket, you may feel discouraged. However, that does not mean you can't eventually lower your rates. Here are some ideas you may want to consider.
- Take a Defensive Driving Course: If you have a speeding ticket on your driving record, it may be worth it to take a defensive driving course. During this course, an instructor can teach you different ways to minimize the risk of car accidents, such as following the speed limit and always being aware of your surroundings. If you show your insurance company proof that you completed the course, they may decide to lower your premiums.
- Switch Car Insurance Companies: If you have been with the same insurance company for a while, the idea of switching insurers may seem daunting. However, if you shop around for a new insurance company, you may be able to get cheaper rates.
If you have received a speeding ticket, do not lose all hope. You can still take steps to lower your rates in the future. If you have additional questions, you should contact your insurance agent right away.
