So we know that when it comes to auto insurance, like many other kinds of insurance, in order to get the best coverage at the best price, we need to get several quotes from insurance companies.
But, did you know what can cost you more in the long run?
That speeding ticket!
Getting that speeding ticket can cost you more in the long run
According to the folks at Insurancequote.com,A recent study, commissioned by insuranceQuotes.com, found that car insurance premiums can climb by as much 93 percent after a single moving violation. The study compared the average national premium increase for one moving violation in seven categories:
- Careless driving.
- Driving in a carpool lane.
- Reckless driving.
- Failure to stop.
- Failure to yield to pedestrians.
The study found that the increases varied significantly between different types of violations.
These are the average national premium increases for seven traffic moving violations from greatest to least:
1. DUI — 93 percent.
2. Reckless driving — 82 percent.
3. Careless driving — 27 percent.
4. Speeding 1 to 15 mph over the limit — 21 percent.
Speeding 16 to 30 mph over the limit – 28 percent.
Speeding 31+ mph over the limit – 30 percent.