WICHITA, Kan. (KWCH) – In 2022, speeding was a factor in nearly a third of all deadly crashes in the U.S. according to the National Highway Traffic Safety Administration.
We often hear from first responders who warn about the dangers speeding pose to you, your passengers and everyone around you on the road. What you may not have considered is that speeding can damage your finances for years to come.
The numbers prove it. Data from MarketWatch show Kansas drivers see on average a 25 percent increase on their full coverage auto insurance policies after a speeding ticket, jumping from $200 to $249. For drivers with minimum liability policies, rates jump an average of 31 percent from $53 to $70.
Hailey Neff, a member of the Market Watch research team, said these rates aren’t expected to go down.
“Car insurance rates have changed so much over the past few years, it’s become a really volatile market. With crime rates going up, natural disasters going up, we’re kind of seeing the impact of car insurance go up all across the country,” Neff said.
“If we know that car insurance premiums are skyrocketing across the country, it’s probably best to do everything we can to drive safely and limit those increases from a personal standpoint as much as possible.”
Once your rates increase, it can be difficult to get them back down. Some insurance providers offer discounts if you use a device that track your driving behavior. Or you can get quotes from multiple providers to find the best rate.
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