15 Nov will speeding ticket raise my insurance in New York City
will speeding ticket raise my insurance in New York City
If you get a speeding ticket in New York City, it can mean losing money. Depending on where and how fast you were going, that fine could be between $120 and $375—and if your offense is serious enough, up to $1000. The more points you rack up with New York’s Department of Motor Vehicles (DMV), though, can really hurt your wallet. Points stay on your record for 2 years after they’re assigned; here are some examples of how much they’ll cost you
Speeding tickets are costly. A $130 speeding ticket, for example, might seem minor on its own. But if you get five of them in one year, they can cost you more than $650—and that’s just for driving too fast. Traffic tickets also raise your insurance rates—by as much as 50 percent or more. You’ll be tempted to skip out on paying your traffic ticket if you think your insurer won’t find out about it, but don’t go down that road: If you fail to pay up, your fine will increase and your license will be suspended until you pay.
If you get an expensive speeding ticket in New York City, chances are good that it will be reported to your insurance company. The insurance company will then use your conviction on their records to increase your rates. While you might not notice any changes immediately, over time (and with enough tickets) your insurance premium can go up significantly. This increase is often permanent and cannot be removed from future quotes.
If you’re stopped for speeding in New York City, you can be issued two different types of tickets. The most common speeding ticket is known as an exceeding maximum posted speed limit by no more than 10 miles per hour ticket. It carries a fine ranging from $120 to $150 and three points on your driving record. You may also receive additional fines if you were caught by a camera rather than an officer. Alternatively, you could be hit with a failure to obey stop sign or signal charge, which comes with a mandatory court appearance and potential jail time depending on how many times it has happened before.