The amount that a speeding ticket, or two traffic violations, can affect your rates will depend both upon state laws and your own insurance provider's internal rating guidelines.

Most states allow the insurance companies to submit their rating systems and if they are approved by the insurance regulator for your state those are the rates that they can charge. It will depend upon when your insurance company sees these 2 speeding tickets on your driving record. Some insurance carriers check your motor vehicle record (MVR) every renewal period while other carriers only review driving records ever 36 months.

So, if you purchase a policy and have a ticket immediately, you may not see a change in rates until they review your driving record which could be 36 months. Some carriers review though check every 6-12 months so you could see a raise increase earlier. Also if you change carriers, then you can expect that the violation will be rated on the policy at the inception and an increase could be seen. Because carriers define rates differently, it is important to shop around for insurance. Some carriers may rate a lower point value than your current carrier does for a speeding violation.

Ultimately you will need to find out from your insurance company how much your insurance premiums will increase due to these speeding tickets. In general it will depend upon your overall driving record, so if you have other infraction already on your MVR it could make your rates increase even more.

How much you were speeding over the posted limit can also be a factor with a rate increase. This is due to the fact that if you are driving 30 mph plus over the speed limit you are more of a risk to an insurance company than if you were only caught going 10 mph over. As we mentioned earlier it will also depend on how much your insurance company charges for those infractions.

Insurance companies are required to file their rates and rules with regulatory bodies such as your state's Department of Insurance. You can contact your state's insurance regulator for information on your insurance carrier's rating system or speak to your agent about the company's rating system. If you have a safe driver discount that is likely to go away due to these tickets and then also may have a premium increase.

If your rates do go up you can shop around for better rates by getting affordable auto insurance here with us.