Does speeding affect your car insurance rates?

When you’re handed a speeding ticket by a police officer, your eye may go directly to the cost of the fine. But in fact, the fine is just one part of the costs to you of speeding. Beyond the dangers and the demerit points, there’s also the cost to your auto insurance rates to consider.

Do speeding tickets affect your car insurance rates?

if your ticket is for 15 to 30 kilometres over the speed limit, likely one ticket won’t count against you if your record is otherwise clean
if you have more than one ticket though, or if you were stunt racing, which is defined as driving more than 50 kilometres over the limit, you could start paying higher premiums
your insurer may classify you as a high-risk driver, or could even refuse to continue insuring you
What about demerit points for speeding?

​the number of demerit points is based on how many kilometres you were over the speed limit:

            -       16 to 29 kilometers over = 3 points

            -       30 to 49 kilometres over =  4 points

            -       50 kilometres over or more = 6 points

even if you didn't receive demerit points for speeding, it can affect your auto insurance rates as companies count on convictions, not points
Street racing, stunt driving and speeding

there are some hefty driving penalties for being 50 kilometres per hour over the limit:

            -       your licence will immediately be suspended for 7 days, and your vehicle impounded for 7 days

            -       if you’re convicted, you’ll face a $2,000 to $10,000 fine, 6 demerit points, up to 6 months in prison and up to a 2-year licence suspension for a first offence

            -       for a second offence within 10 years of the first, add in a driver’s licence suspension of up to 10 years

Driving Speed Safety
while the speed limit may be anywhere from 40 to 100 kilometres per hour, remember that this is a maximum speed limit

there are many situations where you should not be driving as fast as the speed limit permits:

-       when passing emergency vehicles stopped on the shoulder or in another lane

-       in bad weather

-       when in a construction zone

fines may be higher for not reducing your speed around emergency or construction workers and their vehicles, as well as in community or school safety zones

-       what’s a community safety zone?

-          a stretch of road where public safety is of particular concern – around schools, playgrounds, etc.

-          fines may even be doubled in these zones