In Ontario, the amount by which your insurance premium may go up after a speeding ticket will vary depending on several factors, including the severity of the offense, your driving record, and the insurance company you use.
On average, a single speeding ticket can cause your insurance premium to increase by 10-20%. However, if you have multiple speeding tickets or other driving infractions, your insurance premium may increase by a larger amount. Additionally, if the speeding ticket resulted in a more serious violation, such as reckless driving, your insurance premium may go up even more.
It’s also important to note that insurance companies use different methods to determine the impact of speeding tickets on insurance premiums. Some insurance companies may look at a driver’s entire driving history, while others may focus more on the specific violations and infractions.
To find out how much your insurance premium may go up after a speeding ticket in Ontario, it’s best to speak with your insurance provider or compare quotes from several insurance companies. This can help you understand the specific impact on your insurance premium and make informed decisions about your coverage.
Which Speeding Tickets Affect Insurance Rates?
In general, any type of speeding ticket can affect your insurance rates, as insurance companies view speeding violations as a sign of increased risk on the road. The severity of the ticket and the speed at which you were driving will be taken into consideration when determining the impact on your insurance rates.
Typically, the faster you were driving, the more severe the ticket, and the higher the impact on your insurance rates. For example, a ticket for driving just a few miles over the speed limit may result in a smaller increase in your insurance premium compared to a ticket for excessive speeding or reckless driving.
It’s also important to note that the number of speeding tickets you receive can also impact your insurance rates. If you have multiple speeding tickets or other driving violations, your insurance premium may go up even more.
In addition to speeding tickets, other factors such as your driving record, age, type of vehicle, and location can also affect your insurance rates. To determine the specific impact of a speeding ticket on your insurance rates, it’s best to speak with your insurance provider or compare quotes from several insurance companies.
The Demerit Points
In Ontario, the demerit points associated with a speeding ticket depend on the specific speed at which you were driving and the circumstances of the violation. The Ontario Ministry of Transportation assigns demerit points for various driving offenses as part of their Safe and Secure Driver program.
Here’s a general guide to the demerit points for speeding tickets in Ontario:
- Speeding 1 to 15 km/h over the limit: 2 demerit points
- Speeding 16 to 29 km/h over the limit: 3 demerit points
- Speeding 30 km/h or more over the limit: 4 demerit points
It’s important to note that the demerit points assigned for a speeding ticket can vary based on the specific circumstances of the violation, such as the location and conditions of the road, and other factors.
Accumulating too many demerit points can result in consequences such as increased insurance rates, license suspensions, and additional fines. If you receive a speeding ticket in Ontario, it’s important to consider the impact on your driving record and insurance rates, and to take steps to avoid future speeding violations.
How Does A Speeding Ticket Affect Your Insurance?
The details of the speeding ticket provide information to the insurance company. That which pertains to the speed and the amount of the fine. It is going to help the insurance company make a determination. As to which classification the infraction is going to come under. There are three classifications when it comes to driving infractions in Ontario. These are minor, major, and serious convictions
Often the speeding ticket will come under the minor ticket category. But, there can be exceptions to this. Such as speeding in a construction zone. This infraction bumps the ticket into the major ticket category.
How Much Does Your Insurance Go Up For A Speeding Ticket?
A speeding ticket can have a significant impact on your insurance rates, as insurance companies view speeding violations as a sign of increased risk on the road. The effect on your insurance rates will depend on several factors, including the severity of the violation, your driving record, and the insurance company you use.
Typically, a single speeding ticket can cause your insurance premium to increase by 10-20%. However, if you have multiple speeding tickets or other driving infractions, your insurance premium may increase by a larger amount. Additionally, if the speeding ticket resulted in a more serious violation, such as reckless driving, your insurance premium may go up even more.
It’s also important to note that insurance companies use different methods to determine the impact of speeding tickets on insurance premiums. Some insurance companies may look at a driver’s entire driving history, while others may focus more on the specific violations and infractions.
To find out how a speeding ticket may affect your insurance, it’s best to speak with your insurance provider or compare quotes from several insurance companies. This can help you understand the specific impact on your insurance premium and make informed decisions about your coverage.
How Long Does A Speeding Ticket Affect Your Insurance?
In Ontario, the length of time that a speeding ticket will affect your insurance depends on several factors, including the severity of the violation, your driving record, and the insurance company you use.
Typically, a speeding ticket will remain on your driving record for 3 years from the date of the offense. During this time, insurance companies will take the violation into consideration when determining your insurance premium.
However, the specific impact of a speeding ticket on your insurance premium can vary depending on the insurance company you use and the severity of the violation. For example, some insurance companies may only consider your most recent speeding ticket, while others may look at your entire driving history.
To find out how long a speeding ticket will affect your insurance in Ontario, it’s best to speak with your insurance provider or compare quotes from several insurance companies. They will be able to provide more specific information based on your driving record and other factors.
How To Combat The Effects Of The Speeding Tickets
Here are some ways to combat the effects of a speeding ticket on your insurance rates:
Shop around for insurance: Comparing quotes from several insurance companies can help you find the best rate and determine the impact of the speeding ticket on your premium.
Consider a defensive driving course: Taking a defensive driving course can show insurance companies that you are taking steps to become a safer driver and may help reduce the impact of the speeding ticket on your insurance rates.
Maintain a clean driving record: Avoiding additional driving violations and accidents can help mitigate the impact of the speeding ticket on your insurance rates.
Ask about discounts: Some insurance companies offer discounts for safe driving, good grades, and other factors. Ask your insurance provider if you are eligible for any discounts that can help offset the impact of the speeding ticket.
Consider usage-based insurance: Some insurance companies offer usage-based insurance programs that track your driving habits and reward safe driving with lower insurance rates. If you have a clean driving record, this type of insurance can help offset the impact of a single speeding ticket.
It’s important to keep in mind that insurance rates can vary significantly from one insurance company to another, so it’s always a good idea to compare quotes from several companies to find the best rate. Additionally, some insurance companies may not take into account speeding tickets that occurred in other states or provinces, so be sure to ask about this when shopping for insurance.
About the Author: Ashley Miller
