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Multiple Speeding Tickets Can Put Your Cheap Auto Insurance in Jeopardy

By Ryan Hurlbert on January 15th, 2010
Auto Insurance

Say you have a hectic work schedule and you travel a great deal. Like most people in a hurry, you sometimes speed, and as a result, you have a couple of speeding tickets.

Now imagine that you have received several speeding tickets this year. Well, the cost of your auto insurance is about to go up.

Traffic laws vary by state, but some states consider four moving violations in a 24-month period excessive. In states such as this, your license can be suspended for 30 days.

This can make transportation difficult for you . If your license is suspended you may have trouble getting to the office, you are unable to rent a car, and you cannot provide transportation for your children. On top of all that, your auto insurance premium is likely to increase significantly.

SR-22?

You probably know that your auto insurance rates increase when you get a ticket, but do you know how much?

In many states, once you have had your license suspended, you must file a SR-22 "Proof of Financial Responsibility" form with the Department of Motor Vehicles. This form is required in order to have your license reinstated. More precisely, your car insurance company has to file an SR-22 form with the DMV for you, and some auto insurers may cancel your car insurance when you request the form.

Cancellation

So, your insurer is about to cancel your car insurance policy. Once that happens, you may have a difficult time finding affordable coverage.

Although you may have never filed an accident claim, your circumstances now puts you in the high-risk auto insurance category.Your situation: four speeding tickets, policy cancellation, license suspension, and the need for the SR-22, garners you the same rate that someone with a DUI or multiple accidents must pay. Your high-risk status lasts for three years, until the SR-22 filing requirement ends.

Protect Yourself

Here are some tips to keep you and your family from getting multiple tickets:

  • Slow down
  • Make sure you, your spouse, and especially your driving-age kids understand the implications of multiple tickets
  • Fight the ticket if you have grounds to argue; however, being late for work probably won't win you sympathy from a judge
  • Take the option for traffic school. It may not seem worth it for just one little ticket, but you may not get a chance should you get a second ticket, and are deemed a "habitual speeder"

Lasting Consequences

Even if you don't get any more tickets, the financial impact of four speeding tickets and a license suspension may go on for years.

Are your insurance circumstances changing? Get quotes the easy way by using the quote form. It doesn't matter if you are starting an SR-22 filing, ending one, or just want to make sure your auto insurance is cheap, compuquotes.com can help.

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