Getting pulled over by those flashing blue and red lights is never a good experience, even if you honestly did not know the speed limit. Based on a recent study speeding tickets can raise your car insurance as much as 30% annually; even a minor infraction can cause your insurance premium to skyrocket into the triple digits.
The majority of car insurance companies have already enforced strict guidelines to determine a policy holder’s premium. Upon completing an application for car insurance, a common question (or a similar one) you must answer is: “Have you had any moving traffic violations within the last seven years?”. Moving traffic violations include speeding, DUI and texting while driving (in most states). It’s possible for an applicant to state he or she has never had speeding tickets or any other moving traffic violations in attempt to lower the insurance premium. But insurance companies must obtain your Social Security and driver’s license number to run a background check. If the insurance company find speeding tickets on your driving record, they can raise the car insurance premium.
According to insuranceQuotes.com if a driver simply goes one to 15 MPH over, the driver will pay on average of 21% more for car insurance. The minor infraction can hurt your insurance premium for about three years. The insurance hike can range from 18% to 93% depending on the moving traffic violation. The latter percentage can result from having a DUI on your record. According to a spokesman for the Insurance Information Network of California, he stated it makes sense for the car insurance premium to increase based on certain moving traffic violations.
Speeding tickets (major and minor) can have serious consequences to your car insurance. For example speeding 16 to 30 MPH over the speed limit can result in a 28% increase in your car insurance, and if you go 31 or more over the speed limit it can cause the premium to increase by 30%. Your driving record is also affected by speeding tickets, for it results in points applied against you. Each state differs in the number of speeding tickets you can get before having your driver’s license taken away.
Since both major and minor speeding tickets can raise your car insurance premium, it’s highly recommended to obey all moving traffic laws. However, there are times when a driver feels a police officer has infringed on his driving rights. Be sure to take your case to the Law Office of Holden Green. Attorney Holden Green is experienced in handling traffic ticket cases (including speeding tickets). Contact him today at 408-451-8449 or use the contact form to the right to request a FREE 30 minute phone consultation.