My Insurance Will Be Affected If I Get A Speeding Ticket?

Do Speeding Tickets Have an Impact On The Car Coverage Rates?

Yes. The number of speeding tickets on a driver’s driving record will affect the car coverage rates. This is due to the fact that speeding tickets will come to the demerit points. These will show up on the driver’s driving record if he doesn’t pay the fine for the speeding tickets.

But if the driver fights a case and wins then the speeding tickets will be dropped. In such a case, they won’t show up on the driver’s driving record. And so, there will be no demerit points as well.

When Will My Car Insurer See My Speeding Tickets?

A traffic violation can lead to a conviction of the driver for an offense. And the same will be the outcome in the case of a speeding ticket. But the conviction for the speeding ticket will show up on the driver’s driving record only after he pays the fine.

But the driver has to inform the insurer about the speeding ticket through his insurance broker. It is the broker that will apply to the Ministry of Transport of the respective province for intimation about the same. An insurer will get all the details of the driver from the MT website at the time of the car policy renewal.

How Do The Speeding Tickets Impact Car Coverage Rates?

The number of convictions on a driver’s driving record can have reach impact on the car coverage rates that he will be offered. So, if a driver has two or more speeding tickets on his record then he may have to get coverage from a high-risk car coverage company. It means that the coverage rates will be very high.

For How Long Will The Speeding Tickets Affect Car Insurance Rates?

In most cases, speeding tickets impact car coverage rates for a time period of at least 3 years. Their effect will be less only after the convictions are erased from a driver’s bad driving record.  But a driver needs to make sure that he doesn’t get any more speeding tickets.

What If A Driver Gets A Speeding Ticket Out of Province?

Even if a driver gets a speeding ticket in some other province, it will have an impact on the car coverage rates.  This is because even if the driver pays the fine, the offense will still show up on his driving record for the next 3 years. During this time period, the car coverage rates will increase for the driver. It is the insurance broker that will see the offense on the driver’s driving record.