Speeding tickets may be a real headache. Not only do you suffer the loss of time it takes to deal with the aftermath, you also can take a real hit to the wallet. Not only in the cost of the ticket, but also in the cost of your insurance premiums. Speeding fines can impact your driving record for years to come.
Why Speeding is a Problem
While it seems like a few miles per hour over is not really a big deal, it can lead to problems. Research shows that the faster you drive, the more dangerous it is and the more at risk you are putting yourself.
Because speeding raises your risks of getting into an accident, auto insurance companies keep this in mind when it comes to your premiums. In other words, the more risk you take, the more risk the insurance company takes. And that risk doesn’t come cheap. If you have more accidents then they have to pay out more in claims. So essentially, the risks associated with speeding are passed on to the driver doing the deed, as it should be.
Avoiding Speeding Increases
It is imperative for drivers to do everything they can to try to keep their rates affordable. One of the easiest things you can do to keep your rates more affordable is to avoid speeding while driving.
The savings for good driving can be as much as 20 percent, which can really add up over time. What you have to keep in mind is that speeding fines, in most cases, will remain on your record for several years. This means that if your insurance increases 20 percent per year it could end up being hundreds or even thousands of dollars more that you pay in premiums over the course of several years. If you find yourself getting an additional fine a year or two later you could end up pushing yourself into a situation where you cannot afford to drive.
Playing it Safe
While life in the fast lane may seem more exciting, it can indeed not only be dangerous, but has been proven to be costly. Along with an increased risk of having accidents, which can lead to hospital and insurance deductible payments, it can also create a poor driving record. Such records can stay with a person for years and can even prevent people from getting hired for particular jobs. Keep in mind that cutting back a little when you are behind the wheel can save – all the way around.