Providing the new insurance information and paying the fine will only reinstate your suspended driver's license - if this is all your state requires to reinstate it. Unfortunately, the suspension will remain on your motor vehicle report. Now, most insurance companies do not consider this a serious offense. As a result, there should be no change in your insurance premium because of this suspension. However, if you acquire too many suspensions, there are insurance companies that will not insure you or will charge a greater surcharge.