As the flashing lights pull up behind you, you may be wondering just how much a speeding ticket is going to cost you. However, what you may want to focus on instead is how much that speeding ticket is going to increase your car insurance. According to one source from Forbes.com, a citation for reckless driving could significantly impact how much you pay, even raising your estimated car insurance by as much as 22 percent.
What Is It Going to Cost You?
The amount you pay for car insurance after a ticket is dependent on many factors. Some will cost you much more than others will. Of course, it all comes down to risk. Insurance companies view those who are involved in moving violations as a higher risk for accidents and property damage. Look at the most expensive violations you can face. These will raise your insurance rates significantly.
#1 - Driving Under the Influence
Driving under the influence is going to cost you the most. According to Bankrate.com, a violation like this could raise your insurance rates by as much as 25 percent. Though other tickets may not warrant raising your rates on a first time offense, this does not hold true for drunk driving. If you are charged with drunk driving once, your rates are likely to go up at that time.
#2 - Reckless Driving
As mentioned previously, this is another costly mistake to make on the road. Reckless driving is just what it sounds like, a reckless decision you made that could have put other people or other property at risk. In general, this type of charge means you intentionally ignored the safety of other people and that is a big risk factor for insurance companies.
#3 - Speeding
Speeding is risky as well. In most cases, you will not see an increase if you are moving under ten miles over the speed limit. However, in other cases, especially when there was an accident involved as well, you can expect this type of incident to raise your costs for auto insurance by as much as 10 percent.
Other types of violations that could hurt your insurance premium include driving without a license and running a red light. Another way of looking at this is to consider your estimated points. If you are charged with a moving violation, the DMV will apply points to your license. Too many points and you will lose your license. Those actions that warrant more than two points added, including all of those listed here, are likely going to cost you much more on your car insurance.
You cannot hide it, either. Your insurance company will find out. Even though you may qualify for some type of point reduction, the insurance lender may not be required to reduce your insurance costs afterward. The bottom line here is to avoid these types of incidents whenever possible.
If you have a ticket on your record, or if you have a perfect driving record, give Pro Player Insurance Group a call at 855-367-7744. We will help you find the best Fort Lauderdale Auto Insurance for your needs.