There are a number of variables that contribute to your total cost for car insurance. Your driving history and record are among the most influential factors. People don’t fully appreciate the huge impact that speeding tickets can have on your car insurance rates. Studies reveal that speeding is the primary factor in almost 35% of auto accidents. So, the slower we drive the lower our risk is of being in an accident and the less money insurance companies want in order to cover you as a driver. Research also shows that the majority of speeders slow down temporarily after receiving a speeding ticket. One study tracked speeders for a month after receiving speeding tickets. The subjects reduced their chances of a fatal accident to less than 35%, but the speeders did not continue these safer driving habits for longer than a few months.
Research on this topic has been done by various agencies. They show various results. Different trends also emerge from this research. Various people drive with different speeds. Research shows that people who drove following the traffic rules had a less chance of having an accident than those who didn’t follow them. The difference was of the tune of fifty percent. These factors have prompted the law enforcement agencies to be strict on mandatory insurance and is very strict on people who speed. various insurance companies have different plans for various drivers. The rates for drivers with a history of considerably high speed of driving are high. Few factors have to be considered while asking for the cost of insurance with a speeding ticket:
a)People often get tensed when they have a speeding ticket and yet their insurance price is not slashed. One should understand that one speeding ticket will not change the price of the product of insurance you wish to take. There are various limits of speed at different places. These must be strictly followed. There will not be any changes in the insurance price unless one is charged with the breaking of these rules. The season will add to the fact that one is driving recklessly for any reason. This will be surely considered by insurance companies.
2) If you do not have a clean driving record, one ticket can increase your rates by a minimum of 27%.
3.One ticket is equivalent to one point. If this will accumulate for three years, you should anticipate for an increase of your insurance rate.
4.Having multiple speeding tickets will not be advantageous when you are applying for insurance.
If you get a speeding ticket, it is always a good idea to show up and contest the ticket. You may still be responsible, but you may also find that the ticket is thrown out on a technicality. You don’t need to hire legal representation for this, but you should not admit fault and keep your cool.
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za, a leading South African Car Insurance portal.
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