Costs of a speeding ticket?
The reason people fight speeding tickets, and any traffic ticket is because of the penalties and implications involved. Although there is a cost attached to any ticket there are more penalties than just a fine!
A speeding ticket has three or more penalties attached to it, and may have a huge effect upon the driver’s insurance rates.
Any speeding ticket where the speed is more than 15 kilometers per hour over the limit has demerit points attached to it. Check www.demerit-points.com for the points associated to any traffic ticket, or speeding ticket.
Further to Demerit Points some speeding tickets, those at a high rate of speed have a thirty day licence suspension attached to them.
The insurance companies are always looking to assess what is their risk is for any policy holder. Insurance companies are profit based businesses and are constantly looking at speeding tickets and any traffic ticket on a driver’s record as an opportunity to increase the insurance premiums for the driver. The insurance company looks at all the risks factors involved for any driver. Areas like age and sex the policy holder has no control over and there is nothing you can do about the premiums associated with the rates in these categories. Driving habits the driver has a direct control of.
The insurance companies perceive that if a person receives a speeding or traffic ticket the chance of that person being involved in an accident are higher than those who don’t. The insurance companies therefore perceive those with speeding tickets and traffic tickets as a higher risk and increase the insurance rates accordingly.
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