It Costs More Than You Think – How to Avoid Speeding Ticket Insurance Premiums

It Costs More Than You Think – How to Avoid Speeding Ticket Insurance Premiums

Are you thinking about paying your ticket? Wait one minute and consider the costs involved in admitting guilt — heavy fines, traffic school fees, and the most expensive — speeding ticket insurance premiums. This article will uncover these hidden costs that are involved when you get a ticket.

Today, a typical ticket for speeding can cost you an average of $150 in fines. Depending on how fast you were going and what the speed limit was, it can cost even more than that.

For example, in Massachusetts, the base fine for speeding is $100. If you’re convicted of going more than 10 mph over the speed limit, you need to add $10 for each additional mph you were traveling over the base 10. For example, say you’re convicted of going 85 in a 55 mph zone. You get a free pass up to 65, but then you get fined an additional $200 for the extra 20 mph from 65 to 85.

A traffic ticket fine may seem like a lot of money, but did you know that speeding tickets can add points to your driving record and therefore raise your speeding ticket insurance premiums? Some traffic cops will give you the option of going to traffic school to avoid points on your license. Of course, that costs money — as much as $50 — and that is on top of the fine you still have to pay.

But if you don’t get the traffic school option, that one ticket can cause additional speeding ticket insurance premiums of $350 a year or more for three years! That can cost you thousands of dollars!!

Unfortunately, insurance companies think that punishing speeders makes sense. According to one study, drivers with one ticket in a three-year period have, on average, a 50% higher crash rate than those without citations. And the crash rate doubles for drivers who have two or more speeding violations. Tickets do slow some drivers down. A conviction for a traffic violation can reduce the risk of a fatal crash by up to 35%

So, besides trying not to speed in the future, how can you avoid paying speeding ticket insurance premiums?

You need to fight your ticket! If you get more than one ticket within a three-year period, you can expect to pay $1500 a year on your insurance. Three tickets can cost you nearly $1700. Any more than that you are looking at more than speeding ticket insurance premiums. You can have your license revoked!

Are you ready to fight your fine and avoid speeding ticket insurance premiums? For more info, check out the link below.