Everybody makes mistakes, but when you make a mistake driving your car, it can get expensive. Many traffic violations have a demerit point attached to them. When you commit a violation, the demerit points are added to your driving record. If you receive 15 or more demerit points in a 2-year period, your license will be suspended. Although demerit points do not directly affect insurance premium rates, having your driver’s license suspended will definitely affect your rate.
Insurance premiums are calculated based on many different risk factors. Statistically, drivers who operate their vehicle above the speed limit, or commit other traffic violations, are more likely to be involved in accidents. Basically, the fact that you have received a ticket at all is indicating that you are a higher-risk driver.
“Always remember that driving is a privilege – not a right”
~Chad Mullen, Lane’s Insurance
If you have only received one minor speeding ticket, there is a chance that your rate may not increase. However, if you have received multiple speeding tickets, or were caught driving at a high rate of speed, it is very likely that you will see an increase in your premium. Even with no additional blemishes on your driving record, you can expect your premium to remain at this new higher rate for up to 3 years.
Always remember that driving is a privilege – not a right. If you get caught abusing that privilege, there will be consequences, and those consequences may include an increase in your insurance premium.
This blog post is part of the “Top 10 Auto Insurance FAQ’s” eBook.