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Financial Affects of a Speeding Ticket

October 20, 2014 by alamarinsuranceregistrationsolutionsinc Leave a Comment

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Ever drive on a street or highway and see a police officer with their radar gun pointed in your direction? You quickly look to see how fast you are going and then take your foot off the gas hoping  he doesn’t catch you. Then that dreaded moment comes when you see flashing lights behind you and it’s time to pull over!  A speeding ticket in California may not seem very costly in the beginning with a base fine of $35 for going 15mph over the limit. But when adding the fees and surcharges, speeding related costs can increase to $234 in California! Did you know the actual cost of a speeding ticket in California is 20.27 times the actual cost of the ticket? The big hit to your wallet comes when the conviction or point you receive is now a rating factor of your auto insurance. Drivers will pay an average of $709.59 for a $35 speeding ticket, outrageous right? Here are some important facts to know:                                          

1. Five of the 10 most expensive places to get a speeding ticket in California are in the Los Angeles metro area.

2. The average cost for car insurance in California is $1,038.71, but after a speeding ticket 15 mph over the limit, the average rate increases to $1,197.24.

3. The average percentage increase is 15.22% after a speeding ticket.

4. Contact us to find out which cities are the most expensive to get a ticket

Alamar has many options to assist you in relieving some of the financial burdens after receiving a speeding ticket or other traffic violation. We understand “things happen” and our goal is to make sure your insurance needs are fulfilled without added headaches or stress. Alamar promotes safe driving not only because it is the law, but mostly to help you save money. Contact us today if you have tickets or accidents on your driving record and would like to receive a quote. The quote is free but our service is priceless!

 

 

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