How Out-of-State Speeding Tickets Affect Your Car Insuranceadmin
What to know about getting speeding tickets outside of your home state.
As a driver, you know that getting a speeding ticket will cause your auto insurance rates to increase. To make matters worse, receiving multiple violations in a short amount of time might make you ineligible for standard car insurance. As a result, you may have no choice but to secure Florida high risk auto insurance. But are the penalties as bad for out-of-state speeding tickets? Here’s what you need to know.
- Speeding Tickets and Your Auto Insurance
Speeding tickets raise your auto insurance rates because your insurer sees these violations as proof of your reckless driving. Because reckless drivers are more likely to get into an accident, insurance providers charge them more for coverage. However, speeding tickets will not raise your rates immediately. While a ticket will be added to your record right away, your insurer only checks your record during your policy renewal period. Depending on your insurer, this could be every six months or every one or two years. So, regardless if you receive and in-state or out-of-state speeding ticket, it will take a little bit of time before it affects the cost of your auto insurance.
- Out-of-State Speeding Tickets and Your Insurance
Typically, out of state speeding tickets will affect your insurance the same way that an in-state ticket will. This is because most states inform each other of traffic violations when they occur due to their participation in the Driver License Compact. Currently, 45 states and Washington DC are part of this Compact and agree to report violations to the guilty driver’s home state.
However, not all states participate in the Compact. Currently, the states of Georgia, Massachusetts, Michigan, Tennessee, and Wisconsin have not formally agreed to this sharing of information. While some of these states will still report a ticket to your local violation, they are not required to do so.
This is how out-of-state speeding tickets will affect your auto insurance. Remember, getting too many speeding tickets may make you ineligible for standard car coverage. If this is true for you, then you should look into Florida high risk auto insurance. Contact the experts at Staybull Insurance to learn more about this coverage option.