What’s the damage done to your car insurance when you get pulled over and get a speeding ticket?
Getting a speeding ticket can be quite nerve-racking and a little scary. It’s important to remember that you aren’t the first person to get one, and you most certainly won’t be the last. Do you want to hear the good or the bad news first? We’ll start with the bad: you have a blemish in your driving record, your rates will eventually go up. The good news? If you’re over 25 and this is your first offense, it’s hardly going to make a difference in the rate you pay for your auto insurance. If you have questions, we may have answers. Here are some answers to common questions about how getting a speeding ticket affects your auto insurance premium.
Will the increase be immediate?
Chances are that it won’t have an immediate impact on your premium. This is because most insurance companies don’t check your driving record every single month, so they would have no reason to increase it. When you go to renew or purchase a new policy, however, your company will check your record and increase it accordingly.
Why would it affect it, anyway?
Insurance follows statistics like a dog following the scent of juicy hamburgers. By this, we mean that statistics determine your premium and your rates. Statistically, drivers with multiple speeding tickets is indicative of reckless driving, which puts you in the “high-risk” category. Drivers that are considered a risk to insure, pay more.
For all of your car coverage needs to keep all of your vehicles protected, contact CV Mason Insurance Agency in Bristol, Connecticut. We will work with you to ensure you have the right amount of coverage, all at the right price to fit your budget.