Get A Moving Violation? Know How It Can Impact Your Car Insurance Rates
If you just got a moving violation while driving your car, you may be wondering if it is going to cause your insurance rate to go up. While some insurance providers will increase your premium payment, others may add a penalty charge that eventually goes away. No matter how the increase is applied to your account, you will most likely have to pay more money for car insurance because of your speeding ticket. These methods are what insurance companies use to determine premium increases.
The Speed of Your Car
When you are pulled over for speeding, the amount of miles you were going over the local speed limit is a big factor. Speeding a significant amount over the speed limit can lead to a high premium hike, as opposed to just going 1 or 2 miles over. Driving excessively fast not only puts you at risk, but other drivers as well. This is why your auto insurance company could increase your premiums based on the speed you were traveling.
Moving Violation That Are Expunged
It is always possible to have a moving violation expunged, which means it will be completely removed from your personal driving record. Having a violation expunged will not cause your premiums to increase, though the terms of the expunged violation may require you to take a course on defensive driving or go to traffic school.
It costs an insurance company money to have someone's driving record pulled, which is why they typically look at the records of drivers that are young and less experienced. If you are an older driver that has never had a moving violation before, it's possible that they may not even pull your driving record and discover the ticket. Meanwhile, a young driver could have those violations easily discovered simply because they fall into the targeted demographic.
Points Accumulated On Your License
Some states use a point system for tickets, where the points go away after a period of time based on the severity of the violation. More serious violations will be worth more points, and repeat offenders can get more points than a first time offender for the same violation. Insurance companies use the points that you have received as a way to determine insurance premiums.
Moving Violations In Other States
Some states communicate with each other about moving violations, and could relay this information to your insurance company. If the state you got the ticket in does not have an agreement to share information with your home state, it's possible your insurance company will never find out.
If you have any questions about a ticket affecting your insurance premiums, talk to an insurance company such as Wyatt Insurance Agency.