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Insurance rates hike after first ticket in 20 yrs of driving

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  • Insurance rates hike after first ticket in 20 yrs of driving

    CO
    Hi: Is there a rule or custom these days about how much your rates go up after one ticket? Driver is 38 yrs old with no other past tickets.
    I see some say 25% but is that really right? is it not regulated partially?
    The ticket was for 41 in a 25 if it matters.
    What could one expect?

  • #2
    Hi: Is there a rule or custom these days about how much your rates go up after one ticket?
    Insurance companies have to file their rates with the state insurance department. The rates are approved if they aren't disapproved. Otherwise it's whatever that particular insurance company's rules are.

    The ticket was for 41 in a 25 if it matters.
    It might. The more serious the violation, the higher the insurance surcharge is likely to be.

    What could one expect?
    Beats me.

    You'll just have to wait until you get your renewal bill.

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