Two things that don’t mix well: Speeding Tickets and Insurance. If you’ve recently received a speeding ticket in NYC or New York State you can expect some financial repercussions. Let’s review six things you can expect when it comes to speeding tickets and how they can impact your insurance rates. 

1. Increased Insurance Premiums

One of the first things to expect after receiving a speeding ticket is an increase in your auto insurance premiums. Insurance companies view drivers with speeding tickets as higher risk, and as a result, they often charge higher rates. The severity of the ticket and your driving history can influence the extent of the rate hike. It’s essential to be prepared for this financial hit.

2. Points on Your Driving Record

Speeding tickets typically come with points on your driving record. The number of points can vary depending on the severity of the offense and local laws. Accumulating too many points may lead to the suspension of your driver’s license. Additionally, insurance companies may check your driving record regularly and adjust your premiums accordingly.

3. Potential for Policy Cancellation

If you have a history of multiple speeding tickets or other traffic violations, your insurance company may consider you a high-risk driver. In some cases, they may choose to cancel your policy altogether. Finding new insurance after policy cancellation can be challenging and expensive, so it’s crucial to drive responsibly to avoid this scenario.

4. Defensive Driving Courses

To mitigate the impact of a speeding ticket on your insurance rates, some insurance providers offer discounts to drivers who complete defensive driving courses. These courses can help you improve your driving skills and reduce points on your record. Check with your insurance company to see if this option is available to you.

5. Impact Duration

The negative effect of Speeding Tickets and Insurance rates isn’t permanent. Typically, it will remain on your record for several years, with the exact duration varying by location and the severity of the offense. As time passes and you maintain a clean driving record, the impact of the ticket on your premiums should gradually decrease.

6. Shop Around for Better Rates

If you receive a speeding ticket and insurance rates skyrocket, don’t despair. You can shop around for better insurance deals. Different insurance companies assess risk differently, so you might find a provider that offers more competitive rates even with a speeding ticket on your record. Be sure to compare quotes from multiple insurers to find the best option for your situation.

Receiving a speeding ticket or a cell phone ticket can have significant consequences for your auto insurance. Expect higher premiums, points on your record, and the potential for policy cancellation. However, you can take proactive steps like completing defensive driving courses and shopping around for better rates to mitigate these effects. Remember, responsible driving is not only safer but also more cost-effective in the long run. 

Stay within the speed limit, put that cell phone away while driving, and your insurance rates will stay affordable. But if you find yourself with a ticket and need advice or representation you can Contact Us and our friendly staff will be happy to reach out and assist you with your case.