How Speeding Tickets can Affect Your Insurance Rates (1)

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How Speeding Tickets can Affect Your Insurance
Rates
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Speeding tickets are about as treasured as root
canals, but they continue to be Nova Scotias
most popular traffic infraction. People often
speed to compensate for not giving themselves
enough time to get where they need to be, but
this can be dangerous and result in numerous
tickets and raised insurance rates.
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Its a common misconception that speeding tickets
arent seen as a problem by most insurance
companies, but speeding tickets can increase your
rates and lead to fines from the insurer.
Additionally, more serious tickets may land you
in a pot of legal hot water. Besides, paying a
ticket is tantamount to admitting your guilt, and
serious incidents will appear on your driving
record. If you mean to dispute a ticket, invest
in legal counsel, especially if the charges are
serious.
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When it comes time to renew your personal auto
insurance, your driving record is going to be a
concern for any car insurance Nova Scotia
insurers have to offer. If youve been caught
speeding, complete forthrightness with your
insurer is your best bet for obtaining the best
rate. If your insurer discovers you havent been
upfront with them, your rates will increase
worse, your claims may be denied, or your policy
may be cancelled altogether.
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Slowing down, and planning ahead, can make the
roads safer for Canadians in Nova Scotia. If
thats not a good enough reason to curtail your
speeding habits, think of your personal auto
insurance. Your insurance company makes money
when you pay your premium, and loses money when
it pays out claims. Therefore, those companies
are always on the lookout for bad behaviour that
might affect their bottom line. Each speeding
ticket you pay shows up on your record, alerting
your insurer to your recklessness. Using this
information, they may decide your rates need to
be increased, or your claims need to be denied.
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Meanwhile, a clean driving record can actually
reduce your rates. That means being five minutes
late may save you money, while being safer for
you and everyone else on the road. That bit of
information is something you should really
consider before you speed. Your insurance broker
can provide you with more specific, detailed
information, so if you want to know more, call us!
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