Car Insurance Inquiry
My parents have family coverage that includes 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 can we expect our family insurance rates to increase because of this?
I realize it was a foolish mistake, and I’ve decided not to drive for a year. I live in Massachusetts but got the ticket in New Hampshire. Thanks for any advice!
Getting a speeding ticket can definitely impact your family’s car insurance rates. In Massachusetts, insurance companies typically look at the driving records of all drivers on the policy, so your speeding ticket could potentially cause the rates to increase for everyone.
The exact amount that your family’s insurance will spike can vary depending on the insurance company, the severity of the offense, and the company’s specific policies. Generally, having points on your license can lead to higher premiums, and you might see an increase of anywhere from 10% to 30% or even more in some cases.
Since you’re planning not to drive for a year, it’s a good idea to inform your insurance provider about this. They may have options for reducing coverage or adjusting your policy since you won’t be driving. Additionally, participating in a defensive driving course might help lower the points or mitigate the impact on your insurance rates.
It might be beneficial for your family to shop around and compare quotes from different insurance companies in the future. This way, you can find the best coverage at a competitive rate after this incident is taken into account.