Do speeding tickets affect the cost of insurance? Although speeding tickets are one of the most common traffic violations, if you like to run when you drive, you should know that such violations can affect the cost of your auto insurance.
According to Florida law, a driver who exceeds the maximum speed of up to 5 miles per hour (MPH) will be warned by the police. If such a violation occurs in a school or construction zone, then you will face a fine of between $ 50 and $ 143 plus three points from your license.
Things get worse if they hunt you driving between 6 MPH and 9 MPH over the allowed limit since you could be penalized with three points on your license and a fine of $ 118 to $ 151.
Already when you exceed the speed limit between 10 MPH and 14 MPH the fine could reach $ 226, along with three points on the driver’s license. From the 15 MPH of speeding, you can increase four points on the license and the fine could reach $ 376. You should know that if you accumulate 12 points in a year, your license will be suspended for 30 days.
According to the Insurance Information Institute, the more fines for traffic violations a driver accumulates, the more likely they will increase the cost of the insurance premium, by being perceived as a risky driver, even if they have not made any claims to your insurer.
If this fined driver had a reduction in the cost of insurance or had a benefit, he would most likely lose it. The worst thing is that the insurer might even decide not to renew your policy.
Our best advice is that before speeding up any more than allowed, think about the consequences that your actions can have on public safety and on your pocketbook. Do speeding tickets affect the cost of insurance?
Call Univista Insurance and get the cheapest car insurance in Florida.
Do speeding tickets affect the cost of insurance?
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