- The severity of the offense: The faster you were driving over the speed limit, the more likely it is that your insurance will increase.
- Your driving record: If you have a clean driving record, you may be able to avoid a rate hike for a single speeding ticket. However, if you have multiple tickets or other violations, your insurance company is more likely to increase your rates.
- The insurance company you have: Different insurance companies have different policies on how they handle speeding tickets. Some companies may be more lenient than others, so it's a good idea to check with your insurance company to find out their specific policy.
In general, a speeding ticket can increase your insurance rates by up to 20%. However, the actual amount of increase will vary depending on the factors listed above.
Here are some tips for avoiding a rate hike after a speeding ticket:
- Pay the ticket as soon as possible. This will show your insurance company that you're taking responsibility for your actions and that you're a responsible driver.
- Take a defensive driving course. Many insurance companies offer discounts for drivers who complete defensive driving courses.
- Compare insurance quotes from different companies. If you're unhappy with the rate increase, you can always shop around for a different insurance company.
