Drivers Should Understand How Speeding Tickets Affect Car Insurance Costs

LOS ANGELES, July 28, 2019 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has released a new blog post that details how speeding tickets influence car insurance costs.

    --  Speeding is one of the most common traffic violations. Each year,
        millions of drivers are caught speeding and fined. But the financial
        repercussions do not end up after that fine. Insurance companies will
        also react. Find out how prices are influenced by speeding tickets. For
        more info about car insurance and free quotes, visit
        http://compare-autoinsurance.org.
    --  The price of auto insurance is influenced by a range of factors. Some of
        these factors are specific to each individual. Personal driving history
        is one of the top influential factors. Insurance companies will check a
        client's driving record, and they may use the information to help
        determine the risk of having an accident or making an insurance claim. A
        driver will be perceived at a higher risk of an accident because of
        traffic violations and will affect the cost of insurance.
    --  Car insurance rates will go up 22 to 30 percent, on average, after a
        speeding ticket, according to a rate analysis by CarInsurance.com.
        Drivers ticketed for speeding 15 miles or more over the speed limit
        receive higher rate increases. The next factor relates to repeat
        violations. Adding more tickets to the record will make premiums more
        and more expensive.
    --  In Michigan, Florida and Georgia, drivers are charged the most expensive
        premiums after a speeding ticket. Speeding with more than 16 mph above
        the legal limit and being caught will cause the premiums to increase
        with $1043 (Florida), $1064 (Georgia). Michigan residents will pay the
        most expensive penalty, with an average of $1666 premium increase. It is
        important to remember that Michigan has been declared the most expensive
        state to insure a car. This is caused by their no-fault system which
        grants unlimited benefits to the victims of an accident. Speedy drivers
        are severely punished to compensate for the risk.
    --  Each insurer charges in different way customers with speeding tickets.
        The exact increase depends on the state's laws, how fast was the client
        driving and the insurance company. Each company has its own algorithm
        for assessing the risk caused by excessive speed. CarInsurance.com data
        below show how much rates increase, on average, among six top insurers
        for a ticket speeding 16 to 29 miles over the limit:
    --  Speeding tickets will terminate all safe-driver discounts. On the long
        term, the client can lose thousands of dollars for having just a single
        speeding ticket. The math is simple, the safe driver discount + speeding
        ticket increase, multiplied by 3 or 5 (the number of years for which the
        speeding ticket will affect the rates).

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org/

SOURCE Compare-Autoinsurance.org