Do tickets impact your insurance rates less the longer it’s been since the conviction date?
I recently bought a 2016 Audi S5 and have a Geico policy costing me $830 a month. Currently, I have two speeding tickets and two unsafe lane change tickets from 2021 on my record. I was 18 at the time (I’m now 22), but since I was just convicted in March 2024, it’s really affecting my rates right now. With my next renewal coming up in June 2025, I’ll be a year out from the convictions.
I’m curious if anyone with experience in the insurance industry can provide insight on whether I can expect a reduction in my rates as time goes by and I get closer to having these tickets fall off my record. By then, I’ll be 22, a year and four months removed from the conviction, and I’ll have been insured without any issues for 2.5 years.
Yes, typically, tickets and other violations on your driving record affect your insurance rates less as time goes by, especially if you maintain a clean driving record after the violations. Many insurance companies review your record at renewal time, and they may be more lenient with pricing as you get further away from the conviction date.
Since you will have been one year post-conviction and have two and a half years of continuous insurance coverage without additional incidents, it’s reasonable to expect a potential decrease in your premium when you renew in June 2025. Factors like your age, the passage of time since the infractions, and a clean driving history can all contribute to a more favorable rate.
It’s also worth reaching out to your insurance provider to discuss your specific situation. Some companies offer programs for safe drivers or discounts for not having claims. Additionally, consider shopping around with other insurers, as rates can vary significantly between companies. Good luck!