Florida Auto Insurance Penalties for Speeding Tickets

speed camera image by Horticulture from Fotolia.com Speeding can be electronically recorded. Speeding is the most common traffic offense in the state of Florida, and getting one could affect your insurance rates. The insurance penalties for a speeding ticket in Florida will depend on a number of factors, such as how far over the posted limit you were traveling, your driving history, and the level of risk you are assigned by your insurance provider. First-time offenses may be forgiven, but serious or frequent ones are grounds for cancellation. Traveling less than 10 miles over the limit is considered a minor infraction by the Florida DMV, and assessed three points on your driver record. If this is a first offense, you may not face any repercussions on your insurance premiums at all. If it is not a first offense, or other factors are involved, the premiums may increase accordingly. The important consideration is going to be the points on your driving history, not a ticket for a minor offense unless such offenses become the practice rather than the exception. The Florida DMV assesses four points against those traveling more than 15 miles over the posted limit. When the points have been processed, your insurance rates are likely to go up a little. If you have a previously clean driving record, the insurance company may forgive the ticket, but the infraction is a moderate driving offense and most companies consider this as altering your risk as an insurable. If you have the option of taking a driver improvement course, this one be a good offense to wipe from your record to prevent an insurance hike or points on your license. Speeding in a manner that causes an accident will put six points on your driving record. If you already have other points on your record, your license may even be suspended. For insurance purposes, the risk of a claim has become a reality and your insurance is going to go up. How much auto insurance premiums increase is determined by each company and the amount of insured damage may play a factor in whether your premiums increase or you are denied renewal. In some cases, such as multiple claims of a similar type, the insurance company may cancel the coverage completely by mailing you a notice of intent to cancel. Travel more than 25 miles an hour over the speed limit is classified as Reckless driving and adds six points to your driving record. In some situations, such as having minor children in the vehicle when the ticket is written, may be grounds for additional infractions such as reckless endangerment. Insurance premiums will increase based on the system used by your insurance provider, and any previous blots on your driving history are likely to mean that this one causes a dramatic increase. If an accident or other damages occurred during the infraction your insurance company may be forced to settle the claims but is within rights to cancel the insurance policy afterward.

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