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The impact of speeding tickets on your car insurance premium in Queens
You might be curious: “To what extent does your insurance increase after receiving a speeding ticket?” The answer varies. The two most crucial factors for rates after obtaining a speeding ticket in NY are your driving record and the severity of the speeding violation. A speeding ticket for going 10 mph over the limit will not impact your premium as much as going 30 mph over.
Distinct from other states in the nation, New York laws explicitly outline what drivers can anticipate after a speeding conviction. Speeding ticket expenses in New York are as follows:
- Up to 10 mph above the speed limit: $45-$150 in fines with potential jail time of up to 15 days
- 11-30 mph over the speed limit: $90-$300 in fines with potential jail time of up to 30 days
- Over 30 mph above the speed limit: $180-$600 in fines with potential jail time of up to 30 days
Drivers can expect increased fines for repeat offenses within an 18-month timeframe. If a driver receives three or more speeding convictions within 18 months, license revocation is probable.
In addition to fines, New York drivers also accumulate penalty points (also known as New York insurance points) for each violation they are convicted of. The points for speeding are as follows:
- 1-10 mph: 3 points
- 11-20 mph: 4 points
- 21-30 mph: 6 points
- 31-40 mph: 8 points
- 41 or above: 11 points
In New York, drivers who accumulate 11 points within an 18-month period may face the possibility of having their license suspended. If this occurs, they might need to pay a reinstatement fee and complete a driving safety course after the suspension period has ended.
How much does a speeding ticket increase your car insurance in New York?
According to a study conducted by the NHTSA, young men are 50% more likely to speed than women. Furthermore, in 2019, the International Institute for Highway Safety discovered that 71% of all traffic-related fatalities were men. Of those deaths, 27% were a direct consequence of speeding.
How to reduce your auto insurance after a speeding ticket in Queens, New York?
A speeding ticket in New York typically leads to increased insurance rates. Nevertheless, there are steps drivers can take to decrease their monthly expenses. Assuming drivers maintain their driving record without additional convictions, the approaches below should be beneficial.
Obtain estimates from different auto insurance providers
The rate of increase in premiums after a speeding ticket varies among insurance companies. As demonstrated in the table below, some providers raise rates more dramatically than others. Consequently, drivers should contemplate exploring various options after getting a speeding ticket, as they might save a considerable sum by switching providers.
PIRP / Defensive Driving Course
Representing “Point and Insurance Reduction Program,” New York’s PIRP initiative assists drivers in eliminating points from their record and saving a percentage on their insurance premiums. There is a charge for participating in the course, but drivers can complete it entirely online at their leisure. Finishing a course does not expunge the violation from a record; however, it could remove points, which may help avert license suspension in the event of future convictions.
Combine Policies
Discounts for consolidating insurance policies are widespread and are among the most potent discounts available. Consolidation occurs when you acquire more than one policy from the same provider. Auto insurance policies are frequently combined with homeowners, renters, and life insurance to obtain a discount. The savings drivers gain by consolidating differ with each provider, but numerous companies are known to offer substantial discounts to customers with multiple policies.
Brian Aronov - Aug 3, 2022
