How Insurance Companies Learn About Speeding Tickets

Did you know that the more speeding tickets you have, the more you have to pay for insurance? But how do insurance companies find out about speeding tickets? Why do they affect your insurance premiums that much? Here we’ll investigate these popular questions that are being asked by many. Of course, I’ll provide you with some tips to reduce its effects on your premiums. Let’s get straight into it.

First of All: Why Do These Speeding Tickets Affect Insurance Premiums?

According to the statistics, people who drive faster than allowed can cause more accidents than people who obey the rules and limitations. According to the Department of Transportation, there is a direct correlation between the speed and the chance of an accident happening. Also, the severity of accidents is quite higher. For every 10 mph of speed, the risk of dying basically doubles. So if you drive at 60 mph, you are four times more likely to die or kill someone than someone going at 40 mph.

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