The Ticket to Understanding How Traffic Tickets Impact Car Insurance
About 93,000 speeding tickets are issued every day in the United States. Essentially, that means 65 speeding tickets are given out every minute. Furthermore, the average fine of these tickets is $150. Obviously, this is only one of the costs associated with traffic tickets. After this, you might have to pay for things like traffic school to help get the ticket removed from your record. Of course, dependent on the violation and the state you live in, that might not be an option for you. In that case, you will have to face the annoyance of higher insurance premiums. The average increase for a run-of-the-mill traffic ticket is $300 per year.
Severity of the Offense
Moving violations from littering to reckless driving can cause an increase in your car insurance premiums. Auto insurance companies review your traffic ticket history when determining your premiums. Basically, they see the amount of tickets you have received as directly correlated to your probability of being in an accident.
Low impact on premiums: Ticket for broken taillight
Moderate impact on premiums: Ticket for speeding (5-10 mph over the speed limit)
High impact on premiums: Ticket for driving under the influence
Actions You Can Take
1) Safe Driving Courses
If you opt to enroll in a safe driving course voluntarily, your insurance company might even offer you a discount. If you are above the age of 55 and complete a course designed for mature drivers, this discount could be instituted for up to 3 years. Of course, if you have been a customer for a long time and have a good driving record, your insurance company is not likely to increase your rates too much.
2) Know the Rules and Drive Safely
We all study hard for our driving tests and then we tend to focus much less on the logistics of driving as the years go on. Refreshers never hurt. Remind yourself of the basic rules to avoid getting pulled over for small infractions. It is also a good idea to familiarize yourself with the driving rules of places you may be visiting. Drivers from out of state are 20% more likely to be ticketed than locals. For example, the state speed limit in a state where you are on vacation might be lower than that of your home state. That knowledge will help you avoid a silly speeding ticket.
3) Check Your Driving Record
You can order your driving record from the DMV at any time. This will show you the details of any violations during that time period, as well as, any accumulated points. In addition, you will be able to view the status of your driver’s license.
It is not a myth; traffic tickets do increase your auto insurance rates. Of course, your best strategy is to take measures to avoid being issued a ticket. In the event that you should find yourself in this unlucky situation, there are many things you can do to keep your premiums low. Read our article on Keeping Your Car Insurance Low After a Traffic Ticket for more tips!
Climate Change is one of those buzz phrases that we hear all the time. The conversation has been happening for years, but it has been hard to get people on…Read More
‘Tis the season! That doesn’t just apply to the holidays, but also to health insurance. You have probably heard the phrase “open enrollment” tossed around either on the news or…Read More
We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…Read More
For decades, smoking has been advertised as cool, sexy, and trendy. With the invention of the e-cigarette, tobacco companies did not stray from their tried and true marketing strategy. Plus,…Read More
Among many of the world’s new inventions, e-cigarettes have become a new craze. A recent article from Reuters reported that roughly 1 in 20 Americans are currently vaping or using…Read More
We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…Read More
We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…Read More
Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…Read More