How to Know What a Speeding Ticket Can Do to the Cost of Your Auto Insurance
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How to Know What a Speeding Ticket Can Do to the Cost of Your Auto Insurance
By Bryan Burbank
With everyone trying to cut down on expenses today one place all of us look to is our auto insurance. But do keep in mind how tempting it may be to cut out our auto insurance it is a MUST for you to have adequate protection. When you are thinking of ways to lower your insurance you may want to think about speed. It many surveys it has been shown that speeding is one of the largest contributors to automobile accidents. These studies also show that habitual speeders are 50% more likely to be involved in a fatal car accident. In this article I would like to show you some of the factors to consider when you are looking for insurance and have speeding tickets.
First, don't be overly alarmed, one speeding ticket will not effect your rate. It is when you have multiple tickets or tickets for speeds more than 115 miles over the posted limited. They are considered to be reckless driving and can account for multiple tickets at the same time.
Secondly, you must take into consideration your past driving record. If your have a perfect driving record, one ticket for speeding could increase your insurance rate by as much as 27%.
Third, each time you receive a ticket you are given a point that goes on your driving record. If an insurance company sees an accumulation of these points over a three year period you can be sure you insurance premiums will escalate by thousands of dollars.
Lastly, if you or a family member has received multiple tickets don't think that if you switch carriers your insurance will go down. Your bad driving record will follow you to any other company you choose to seek insurance with. Your best option is to see if you can work something out with your existing company. Many companies may deal with you if you have been a long time good customer and they want to keep you as a client. Sometimes by taking out multiple policies you may be a more desirable customer to them.
Find: Discount Auto Insurance
Buy Cheap: Car Insurance
Bryan Burbank is an expert in the field of Discount Insurance.
Article Source: http://EzineArticles.com/?expert=Bryan_Burbank
Best Insurance Auto
First, don't be overly alarmed, one speeding ticket will not effect your rate. It is when you have multiple tickets or tickets for speeds more than 115 miles over the posted limited. They are considered to be reckless driving and can account for multiple tickets at the same time.
Secondly, you must take into consideration your past driving record. If your have a perfect driving record, one ticket for speeding could increase your insurance rate by as much as 27%.
Third, each time you receive a ticket you are given a point that goes on your driving record. If an insurance company sees an accumulation of these points over a three year period you can be sure you insurance premiums will escalate by thousands of dollars.
Lastly, if you or a family member has received multiple tickets don't think that if you switch carriers your insurance will go down. Your bad driving record will follow you to any other company you choose to seek insurance with. Your best option is to see if you can work something out with your existing company. Many companies may deal with you if you have been a long time good customer and they want to keep you as a client. Sometimes by taking out multiple policies you may be a more desirable customer to them.
Find: Discount Auto Insurance
Buy Cheap: Car Insurance
Bryan Burbank is an expert in the field of Discount Insurance.
Article Source: http://EzineArticles.com/?expert=Bryan_Burbank
Best Insurance Auto
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