If you’ve incurred a speeding ticket recently, you may not have experienced the increase in your insurance premium yet. Rest assured that it is coming. Insurance companies levy the premium increase when the state that issued the ticket informs them of the violation and the increase is shown the next time your insurance renewal comes around. If you’re wondering how long a speeding ticket stays on your record for insurance, read further. At Van Camp Law Firm, we are experienced with helping you navigate the murky waters of speeding tickets and insurance.
Driver’s License Record vs. Car Insurance Record
It’s important to distinguish between a driver’s license record and a car insurance record because they are not the same. The state can view the points on your driver’s license differently than your car insurance carrier does. The Department of Motor Vehicles (DMV) in your state issues points when you receive a ticket for a moving violation like speeding. If you accumulate a certain number of points on your DMV record your driver’s license may be suspended or revoked. The number of points varies depending on the severity of the violation and each state has its own system. For example, a speeding ticket may be one point while a DUI conviction may be six points.
The points given by your insurance company are not only for speeding tickets and other violations, but also for accidents and incidents that result in a claim. The insurance company is assessing your risk level. Because the company wants to mitigate risk and lower their liability, they will raise your premium rate or even cancel your policy if they see you as a high risk as compared to safe drivers. Some states, such as North Carolina, set up the insurers’ point system via state regulators.
How Are Points Assigned by the Insurer?
As stated above, in North Carolina the point system is set by state regulators so it is the same across all the insurance companies. The state insurance commissioner sets the maximum auto insurance premium for all auto insurers after the companies collectively propose a rate increase or decrease.
There is a lengthy list of offenses and points assigned to them. The most severe offenses with the most points assigned are:
- Manslaughter or Negligent Homicide - 12 points
- Pre-arranged Highway Racing - 12 points
- Hit and Run (injury/death) - 12 points
- DWI (.08 BAC or more) - 12 points
- Transporting Illegal Liquor for Sale - 12 points
The points decrease by 2 as the offenses become less severe, with Non-Moving Violations at 0 points.
How Do Premium Increases Relate to Points?
There is a percentage that is used in determining a rate increase, based on the number of insurance points assigned to the violation. If you have only one point, your premium rate increases by 25%. Here is a complete list:
|Insurance Points Assessed||Percentage of Rate Increase|
How Long Does a Speeding Ticket Stay on Your Record for Insurance?
After a rate increase, how long will it take to get those points off your insurance? In North Carolina, points stay on your record for three years. If you don’t get any more tickets during that time, your points should go away. You can take a North Carolina defensive driving course to reduce points on your driving record faster, and potentially lower your insurance rate. This will prove helpful if you have had an increase from a violation or multiple violations. Of course, the best thing you can do to avoid North Carolina traffic tickets is to be a safe, responsible driver.
Contact our Speeding Ticket Attorneys Today!
Our team of Moore County attorneys at Van Camp Law Firm is experienced in representing many cases on speeding tickets that have resulted in increased insurance premiums. We can look for ways you can reduce insurance rates post-violation or conviction. Call us locally at 910-295-2525 or toll-free at 877-288-6557.