Your Guide to Driving in a Roundabout
Driving in a roundabout can be confusing and sometimes dangerous if you aren't aware of the proper protocols. Read our guide.Read more about Your Guide to Driving in a Roundabout
Like it or not, speeding tickets happen. But you should be careful to avoid getting one—and not just because exceeding the posted limit can be dangerous. The expense of getting a speeding violation may not end after you pay the associated fine. It can also trigger an increase in your auto insurance premium.
Speeding tickets can affect your insurance because your premium is determined in large part by your driving record. Violations can be viewed as increasing the risk that you’ll file a claim.
If you’ve gotten a speeding ticket and are wondering how severely it will impact your premium, there are a number of things to consider. First, it may not affect it much, or at all. If you have an exceptional driving record and the infraction is minor, the violation may not trigger a change. However, the following factors are at play and can mean the infraction will impact your insurance:
Even if your rate does not immediately increase, a speeding ticket can cost you by preventing future reductions or discounts. And if you rack up too many violations, you might even have difficulty getting coverage at all.
Insurance providers check your driving record from time to time—similar to how banks review a credit score. So as long as you continue to have a safe driving record, any impact a speeding ticket has on your insurance will end in time. The typical timeframe that a violation affects your insurance is 3-5 years, depending on your provider, your state of residence and the severity of the infraction.
If you’ve recently gotten a speeding ticket, here are some simple things you can do to help combat any insurance increase you might be facing:
Visit Nationwide to see all the auto insurance coverage options available to meet your unique needs. Contact your Nationwide agent to make sure you have the best coverage for your situation.