This is why you don't want to get booked for a speeding ticket
SPEEDING TICKETS ARE COMMON
Speeding tickets are one of the most frequently issued tickets on the road. Speeding can happen anytime, especially on a clear road in good conditions.
Speeding increases your risk on the road, for both you and other road users. Because of this, traffic cops are often on the lookout, literally waiting to catch one of the most common driving infractions.
IMPACT ON AUTO INSURANCE
A speeding ticket will affect your auto insurance rate in Ontario. The impact won’t be immediate but will be reported once you pay the ticket and thus accept the infraction.
At this point, the ticket will be attached to your driving record by Ontario’s Ministry of Transportation. Upon insurance renewal, your provider will review your driving record and determine your new level of risk based on the ticket(s).
A speeding ticket will generally increase your auto insurance rate and will stay on your driving record for three years once you’ve paid it. Tickets can negatively impact your ability to access cheaper insurance rates.
TICKET FINES AND DEMERIT POINTS
The fine for your speeding ticket will depend on how fast you were going above the limit. Your insurer will also note how much you’ve been charged and how fast you were going.
The Ontario Courts have the following speeding fines, via iSure.ca:
- 1-19km/h over the speed limit is a $2.50/km speeding fine.
- 20-29km/h over the speed limit is a $3.75/km speeding fine.
- 30-49km/h over the speed limit is a $6.00/km speeding fine.
- 50+ km/h over the speed limit comes with a court decided fine.
You’ll be charged double if you were caught speeding in a Community Safety Zone.
This is how many demerit points come with each speed level, via iSure:
- 16-29km/h over the posted speed limit will come with 3 demerit points.
- 30-49km/h over the posted speed limit will come with 4 demerit points.
- 50+ km/h over the posted speed limit will come with 6 demerit points.
REDUCE YOUR RISK ON THE ROAD BY FOLLOWING THE SPEED LIMIT
Multiple tickets will make you a high-risk driver in the eyes of your insurance company.
If you’re considered a high-risk driver, your premiums will go up and you’ll be paying more for auto insurance coverage. You may even get dropped from traditional insurance companies and need to seek out coverage specifically for high-risk drivers.