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 Posted: Fri Jan 19, 2007 6:11 am Post subject: Speeding tickets may affect insurance rates |
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Hi, does a speeding ticket affect my auto premiums ?? If so, how does it affect ? Geraldine Perone
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Geraldine Perone
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| Posted: Fri Jan 19, 2007 6:27 am Post subject: |
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| Yes a speeding ticket will most likely (depends on your company) but on your renewal they will most likely run your MVR (Motor Vehicle Record) and they may raise your rate as a result of it. If it was a minor speeding tix they may overlook the first one. I do know some companies will give you one with out raising your rates. Best to contact your agent and see what the rules/guides are for your company. |
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nique1221
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| Posted: Fri Jan 19, 2007 6:31 am Post subject: |
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| I want to add one more thing here....alot of people think that by calling their agent to ask questions will automatically give the company info that they may not want the company to know. This is not the case all the time. If you are calling an agent to ask about a ticket..the agent is not going to put it in the system....the company (the back end) will find out about it and will charge you at renewal. So dont be afraid to ask your agents questions...they are there to help you not hurt you. |
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nique1221
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| Posted: Fri Jan 19, 2007 9:03 am Post subject: Hi Geraldine! |
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| Hi, I think thats pretty much dependent on which state you're from, since there are separate rules associated with guidelines laid by each state towards defining the conditions upon which the insurers might pro actively change the premiums of their policy holders. Regards, Evan |
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evan
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| Posted: Fri Jan 19, 2007 9:16 am Post subject: Hey there! |
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| Hey there, I think insurers are not generally allowed to change your premiums following only one speeding ticket. Thats why I believe you don't need to worry if this one has been your first one, but certainly this one has to be an eye opener for you. Brian |
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brian
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| Posted: Fri Jan 19, 2007 11:00 am Post subject: True! |
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Hi yeah its quite true, but its not only that one factor that counts.
I can assure you that even if you've received tickets in the past its up to the company specific rules and practices which play an important role while deciding your premiums.
Hope thats reduced your worries a bit!
All the best, Fatman |
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fatman
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| Posted: Fri Jan 19, 2007 11:28 am Post subject: 2 ways to do that.. |
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Hi All, lemme tell you for sure that there are two obvious ways that the insurers are gonna take into consideration while raising your premiums-- i> by considering the nature and degree of your violation and ii> any predetermined amount for each violation. Thats all I gotta say, Spiderman00NY
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Spiderman00NY
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| Posted: Sat Jan 20, 2007 5:26 am Post subject: |
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yeah drving too fast will sure make yor life like a hell
better be carefull out there its a wild west |
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rachel
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| Posted: Sat Jan 20, 2007 4:13 pm Post subject: |
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Yes better to be safe than sorry...speeding ticket especially multiple ones will make your rates increase if the company chooses to re-run your MVR...they will most likely put you in a different tier..
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nique1221
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| Posted: Mon Jan 22, 2007 4:16 am Post subject: |
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| yup i agree nique1221 |
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rachel
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| Posted: Sun Jun 03, 2007 2:53 pm Post subject: Speeding Ticket |
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I think you will find many insurance companies will not raise your rates as an existing insured for a speed ticket. They did not pay anything out in a claim for a ticket.
However, if you attempt to change carriers, the ticket will affect the new rates you can qualify for.
*System Edited : Link moved to Signature as per TOS
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gary
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| Posted: Sat Jun 09, 2007 3:39 am Post subject: |
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| Actually almost ALL insurance companies will rates rates if an existing insured receives a speeding ticket... it does not matter if it _resulted_ in a citation. If a person was speeding, they are more likely to _have_ an accident (accidents are commonly caused by high rated of speed). A policy is rated based on the _exposure/risk_. If a person is caught speeding once, chances are they will be speeding again. |
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tcope
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| Posted: Sun Sep 23, 2007 2:26 am Post subject: |
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| Geraldine Perone there are some services that can help you out get rid of the ticket. Look up on Google. I have a friend of mine with two speeding tickets. They person that he found files claims against the tickets. The fight the tickets for 2-3 years until they finally get dismissed. Insurance stays the same. He paid $200 per ticket and all he had to do was to mail them the tickets and the court summons. |
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smilenyc07
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| Posted: Sun Sep 23, 2007 10:23 am Post subject: |
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Our daughter (while in college), had WAY too many speeding tickets, got to where she was loosing points on her license. She (three times I think), got an attorney, paid him about 100.00 each time and got the tickets reduced to 'defective vehicle' which caused no increase nor points on her (MO) license.
P.S. NO, Mama Lori was not happy...  |
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Lori
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| Posted: Sun Sep 23, 2007 10:32 am Post subject: |
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Hmm for a guy I would understand but you see a lot less speeding if the driver is a girl. But getting the tickets reduced or stuck in the court is the way to go. And of course, driving slowe would be a good thing also  |
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smilenyc07
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