Things You Need to Know About Auto Insurance: Do Speeding & Parking Tickets Affect Insurance? -Guest Post

No one wants to get a speeding or parking ticket, but getting one (or both) is an unfortunate reality for many drivers. While the fines may be a pain to pay, the more significant concern is whether or not these tickets will impact your insurance rates. Unfortunately, the answer is yes. Speeding and parking tickets affect insurance rates, though the increase will depend on a few factors. In this article, we’ll explain how parking tickets affect insurance rates and what you can do to minimize the impact on your premium.

Speeding tickets and auto insurance

While most people know that speeding tickets can affect their car insurance rates, not everyone knows how much of an impact it can have. If caught speeding, you can expect your premium to increase by 20% to 50%. And if you’re caught speeding more than once, the increase could be even higher. In addition, if you’re caught speeding in a school or work zone, you could see an even more significant hike in your rates.

Parking tickets and auto insurance

If you get a parking ticket, it generally won’t affect your car insurance rates. However, your driver’s license could be suspended if you accumulate too many parking tickets. If that happens, your insurance company could raise your rates or cancel your policy. So while a single parking ticket may not do much damage, multiple tickets could cost you money in the long run.

How do Speeding tickets & parking tickets impact your insurance?

If caught speeding, you can expect your premium to increase by 20% to 50%. And if you’re caught speeding more than once, the increase could be even higher. In addition, if you’re caught speeding in a school or work zone, you could see an even more significant hike in your rates. If you get a parking ticket, it generally won’t affect your car insurance rates. However, if you accumulate too many parking tickets, your driver’s license could be suspended. If that happens, your insurance company could raise your rates or cancel your policy. So while a single parking ticket may not do much damage, multiple tickets could cost you money in the long run.

What affects the amount that your auto insurance will increase after a speeding ticket?

A few factors will affect how much your rates will go up after you get a speeding ticket. The first is the severity of the offense. A minor speeding ticket will usually result in a smaller increase than a significant speeding ticket. The second factor is your driving record. If you have a clean driving record, you’re more likely to see a minor increase than someone with multiple accidents or tickets on their record. The last factor is your insurance company. Some companies are more lenient than others regarding rate increases after an infraction.

How do I fight a Speeding ticket?

You can fight the ticket in court if you think you were wrongly accused of speeding. To do this, you’ll need to request a hearing from the court and present your case. You may also want to hire an attorney to help you with your defence. If you win, the charges will be dropped, and your record will remain clean. If you lose, you’ll have to pay the ticket, and the points will go into your driving.

Is it worth it to fight a speeding ticket?

Whether or not it’s worth it to fight a speeding ticket depends on a few factors. First, you’ll need to consider the severity of the offense and the likelihood of winning your case. If you were only accused of minor speeding, it’s probably not worth your time and money to fight it in court. However, if you were charged with significant speeding or you have a good chance of winning, it may be worth your while to fight the ticket. You’ll also need to consider the possible consequences of losing. If you lose, you’ll have to pay the ticket and the points will go on your driving record. If you’re worried about the impact of points on your insurance rates, you may want to think twice before fighting the ticket.

How much does insurance go up after a speeding ticket?

The amount that your insurance will go up after a speeding ticket depends on a few factors, including the severity of the offense and your driving record. However, you can expect your rates to increase by 20% to 50%. If you have multiple speeding tickets on your record, the increase could be even higher. In addition, if you’re caught speeding in a school zone or work zone, you could see an even bigger hike in your rates. So if you’re caught speeding, be prepared for your insurance rates to go up.

Conclusion

Auto insurance is an essential purchase for all drivers. While a ticket might not appear to be an enormous deal, it can even have control over your insurance rates. If you’ve got lots of parking tickets or maybe only one ticket for a significant offense, your insurance firm may consider you a high-risk driver and charge you higher rates. Paying your tickets on time and driving safely can help keep your insurance rates low.