Car Insurance Inquiry
My parents have family coverage for all four of our cars, meaning we’re all insured on each vehicle. I recently received a speeding ticket that resulted in 5 points on my license. How much do you think this will impact our family’s insurance rates?
I regret my actions and have decided not to drive for a year. Just to clarify, I live in Massachusetts and received the ticket in New Hampshire.
It’s understandable to feel frustrated after receiving a speeding ticket, especially when it could affect your family’s insurance rates. In Massachusetts, insurance companies typically look at your driving record when determining premiums, and a speeding ticket can lead to an increase. The exact increase will depend on several factors, including your insurance provider’s policies, your parents’ overall driving history, and whether the ticket affects the policy’s good driver discount.
Generally, a speeding ticket can result in an increase of anywhere from 10% to 30% in premiums, depending on the severity of the offense and how it compares to the family’s driving record. Since you mentioned that you won’t be driving for a year, that’s a positive step, as avoiding further violations can help mitigate any potential hikes in your insurance rate.
It’s a good idea to speak with your parents’ insurance agent to get a more accurate estimate of how this ticket might impact their rates and explore options for minimizing the increase. Additionally, completing a defensive driving course could help reduce points and potentially lower the impact on the premium.