It is fairly common knowledge that when you get a speeding ticket, you will see implications on your auto insurance premium as well. While this is true to an extent, there is a lot more to it than that. The amount of the increase is something that isn’t a set in stone number, for instance. InsureWise LLC is here to talk about how a speeding ticket can have an impact on the premium you are paying for your auto insurance.
Does a Speeding Ticket Go on Your Record?
Whenever you get a speeding ticket while driving, it is more than just having to pay a fee for your mistake. You are going to live with that ticket on your record for the next little while. You can plan on your speeding ticket staying on your record for several years before it leaves. When you have a speeding ticket that shows up on your record, you are considered a risk to insure from your insurance company. The more tickets you have on your record, the riskier you are.
How Much Does a Speeding Ticket Really Cost?
There are several things that come into play when you are talking about how much your insurance premium is going to go up after you have gotten a speeding ticket. It isn’t just a cut and dry dollar amount. Here are some of the different factors that come into play.
– Type of Violation: The increase in insurance usually has to do with the type of violation you have on your record. Your insurance company wants to know why you were given the ticket. It could be due to the fact that you were texting while driving, not wearing a seatbelt, or running a red light. This will impact the increase you see in your premium.
– Number of Offenses: Whether or not this was your first offense will also come into play. When you’re older than 25 years old and it is the first offense on your record, you may not see an increase at all. If that’s not the case, get ready for a price hike.
– Location: Where you were when you got the ticket will also come into play. Sometimes, when you get a ticket in a state that you don’t actually live in, you don’t see the rate rise.
– Insurance Company: The biggest thing that will come into play when it comes to a rate increase will be the company that you are working with. Some companies will penalize you much harsher than others when you get ticketed.
Auto Insurance Policies & More in Las Vegas, Henderson, Reno, North Las Vegas, Summerlin, Paradise, Spring Valley, Sunrise Manor, Enterprise, Sparks, Carson City & State of Nevada
If you are unhappy with your auto insurance company, you can turn to InsureWise LLC to help you find different auto insurance to fit the needs of the drivers in your home. We will shop around for the best deal so that you don’t have to spend countless hours doing it. Call us today or fill out this quick and easy quote form.