Driving is a privilege that comes with responsibilities, a major one of which is obeying the speed limit. Driving over the speed limit, much like other traffic violations, puts you and others in danger.
Poor driving behaviors like speeding will be reflected on your driving record – a log of all public records related to you as a driver and your driving history – and, in turn, can cost you more on your insurance premium because you’re viewed as a risk.
Insurance companies will take a speeding ticket on your driving record into account when renewing or issuing a new policy – on average, auto insurance policyholders with a speeding ticket on their record might see a 20 percent increase in their insurance premium, although it can vary from state to state, and may also differ by company.
“Each driving infraction can affect your driving record and, thus, insurance premium in different ways,” said Chong Gao, director of project management R&D at Mercury Insurance.
Preventing bad behaviors, such as driving over the speed limit, can keep you and others safe on the road, as well as help you keep a clean driving record and a lower auto insurance premium.
Your driving record will often collect information including:
- License suspensions
- Traffic violations
- Traffic-related convictions
- Driver’s license status
- Any information found on your driver’s license
Other factors that can negatively affect your driving record include:
- Late or overdue car payments
- Traffic tickets in school or construction zones
- Driving Under the Influence (DUI)
- Driving While Intoxicated (DWI)
Following traffic signs and posted speed limits lets insurers know you’re a safe driver and you could see a lower insurance rate as a result. In fact, drivers with a clean driving record often qualify for a discount. Speak to your insurance agent to learn more about how to save money on your auto insurance, including other discounts for which you may be eligible.