How Driving History Impacts Your Liability Insurance Rates
Your driving history plays a crucial role in determining your liability insurance rates. Insurance companies view drivers with a clean record as less risky, leading to lower premiums. Conversely, a history of accidents or violations can significantly increase your rates.
Insurance After a Speeding Ticket
Receiving a speeding ticket can lead to an increase in your liability insurance rates. The extent of the increase depends on the severity of the offense and your previous driving record. On average, a single speeding ticket can raise your premiums by around 10-20%. However, this can vary between insurance companies.
Key factors that influence rate increases after a speeding ticket include:
- The speed at which you were ticketed
- Your overall driving history
- The insurance company’s policies regarding minor infractions
