A speeding ticket can be more than just a fine and inconvenience; it can also lead to an increase in your car insurance premiums. Insurance companies view speeding tickets as an indicator of risk, and they adjust your rates accordingly.
This leaves many drivers in Virginia wondering if there is anything they can do to reduce their insurance after receiving a speeding ticket. Although every situation and insurance provider may differ, these general strategies could help you navigate the process of dealing with increased insurance rates post-speeding ticket.
Attend traffic school
Virginia allows eligible drivers to attend a state-approved driver improvement clinic after receiving a traffic violation. Completing this course could result in the Department of Motor Vehicles removing up to five points from your driving record. It may also convince your insurance company not to raise your rates.
Maintain a clean driving record
Insurance companies consider your overall driving record when determining your rates. Keeping your record clean aside from the speeding ticket shows insurers that the ticket was an isolated incident and not indicative of your typical behavior. In time, you might find that your rates decrease again.
Shop around for new insurance
After a speeding ticket, your current insurance provider might not offer the best rates. Other insurance companies might see your situation differently and offer more affordable premiums. Do not hesitate to shop around and compare rates from different providers.
Increase your deductible
Choosing to increase your deductible, the amount you pay out of pocket before insurance coverage begins, can lower your premiums. But remember, if an accident happens, you will have to pay more upfront.
Insurance rate increases are a common consequence of receiving a speeding ticket in Virginia. However, through proactive steps, you can work towards reducing the financial impact. Always strive to drive safely to keep both the roads and your insurance rates manageable.