Will my Auto Premium go up if I get a Speeding Ticket?


So, you just got pulled over for speeding. You’re wondering whether or not this ticket will have an effect on your insurance rate. Unfortunately, it will.

You see insurance is based on risk factors and traffic violations a.k.a. speeding correlates to “higher risk.”  Thus, speeding = higher risk = premium increase.

Similarly, if you were to get into an accident, depending on how bad the accident was, your premium will be adjusted accordingly. For example, a fender bender will attribute to “lower risk.” Therefore, fender bender = low risk = small premium increase.  On the other hand, if you were to get into a head on collision involving multiple vehicles,  this would equate to “higher risk.” And so, head on collision with multiple vehicles = higher risk = big premium increase.

If you have any questions about speeding and risk factors please contact me at 973-394-0212.






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