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Old May 25th, 2011
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Default Speeding Tickets Can Raise Insurance Costs 53%

Speeding Tickets Can Raise Insurance Costs 53%
by MainStreet staff
Tuesday, May 24, 2011


Consumers may know that their bad driving record will raise their car insurance, but just how much will a single moving violation cost them?

Plenty, according to a new analysis from Insurance.com. The website looked at 32,000 of its auto insurance policies sold in 2010 and found that those with zero moving violations on their driving record can expect to pay, on average, $1,119 a year in premiums. However, as soon as a consumer had a moving violation on record, the quotes skyrocketed. Their analysis found that:

One violation led to an average annual premium cost of $1,318, an 18% increase.

Two violations lead to average annual premium cost of $1,497, a 34% increase.

Three violations lead to an average annual premium cost of $1,713, a 53% increase.

Click here to read the full article
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