There are number of different things that can influence what you pay each month for car insurance.  Some of these things include your driving history and your claims history.  In South Africa, speeding is a big problem and often results in serious car accidents.  Many people do not realise the impact this has on their car insurance rates.  As with any insurance policy, the lower your risk, the lower your insurance premium is going to be, so the slower you drive, the less risky you become to an insurance company.

There have been a number of studies carried out on the driving habits of people, and in general people speed regardless of receiving a speeding ticket.  They may be cautious immediately after receiving a ticket, but after a while they speed up again.  If you have had a speeding ticket and are applying for car insurance, you need to take a few things into consideration.

Having a single speeding ticket will not influence your insurance rates, unless it was a ticket for excessively exceeding the speed limit.  A bad driving record of repeated speeding offences can influence the rates you pay on car insurance by up to 27%.   Switching of insurance company provider with a bad driving record is not a good idea, because you can expect increased rates if you change.  Rather stay with your current insurance provider because they have a better understanding of your situation and know your history.  This applies if it’s a spouse or a child that has received the speeding ticket as well, not only you as the principle member.

Speeding at the end of the day is going to increase your risk status and any insurance company is going to be wary of the fact.  The less risk you pose the better rates you are going to obtain on car insurance, and the lower your premium will be.  Always make sure you and family are safe and not doing anything risky that could result in higher insurance rates and damage and injury to any one of you.