Does a speeding ticket impact my insurance?
Getting pulled over for speeding is stressful, but worrying
about what a ticket might do to your insurance rate can feel just as
unsettling. The short answer is yes, but how much depends on your driving
history, your insurer, the number of offences, and how fast you were
going.
Will one speeding ticket raise my insurance?
Insurance companies reward drivers without any
infractions by providing a conviction free discount. A single conviction for
driving 1-49km/h over the posted limit in the past 3 years, disqualifies you
from this discount, resulting in a higher premium. If you are convicted
for speeding 50+ km/hr you may face a larger increase or your insurance company
may decline to renew your policy.
If I fight a speeding ticket and win, will this
reduce my rate?
With most insurers, fighting and reducing the ticket from 30
km to 15 km won’t change your premium. However, if you’re charged with
driving 50+ km over the posted limit and the ticket is reduced to 1-49km/hr
over, you could save a lot of money.
What about multiple tickets?
Multiple violations signal a pattern. Surcharges stack, and
after significant infractions, some insurers move you into a high-risk
category, restrict your policy options, or decline to renew.
How to lower your insurance after a ticket
- Conviction
protector- Adding this coverage while you are conviction free will
give you peace of mind that you won't be stuck paying an increased premium
for your first infraction. Your EasyInsure broker would be happy to
provide a recommendation for you specifically.
- Try
a telematics program – Safer driving habits earn discounts that can
offset your surcharge over time.
- Shop
and compare – Insurance companies weigh violations differently, so
comparing quotes is an effective way to find savings.
- Bundle
your home and auto insurance – Combining your policies with one
insurer is a simple way to reduce your overall premium. Most insurance
companies offer meaningful multi-policy discounts, which can help cushion
the impact of a surcharge on your auto rate.
A EasyInsure broker can help you explore these options and
find savings without sacrificing your coverage.