Except in a limited number of cases, your insurance company is likely to charge points for your speeding conviction that will result in a higher premium. Points assessed by insurance companies for common speeding violations are as follows:
Offen Insurance Points Speeding in excess of 75 mph when the speed limit is less than 70 mph (e.g., 76 in a 65 mph zone); Speeding in excess of 80 mph when the speed limit is 70 mph or greater (e.g., 81 in a 70 mph zone); Speeding more than 10 mph over the speed limit and in excess of 55 mph but less than 76 mph (e.g., 66 in a 55 mph zone); Speeding 10 mph or less in excess of speed limit of 55 mph or greater (e.g., 64 in a 55 mph or 74 in a 65 mph zone); Speeding 10 mph or less in excess of speed limit of less than 55 mph (e.g., 34 in a 45 mph zone)
The chart below shows how the accumulation of insurance points can result in higher premiums:
|Points||% of Rate Increase||Cost if Basic Rate is $300||Points||% of Rate Increase||Cost if Basic Rate is $300|
(Both of the preceding charts come directly from a brochure entitled “It Pays to be a Safe Driver” published by the North Carolina Department of Insurance. For a PDF version of this brochure click here.
In addition to insurance points, a speeding conviction will result in assignment of points to your record by the North Carolina Division of Motor Vehicles. The accumulation of too many driver’s license points in a 12 month period can result in suspension of your driving privileges. The North Carolina Division of Motor Vehicles assigns points as follows:
|Speeding in Excess of 55 mph||3|
|Speeding in a School Zone||3|
|All Other Moving Violations||2|
For a free initial consultation with an attorney, contact Helton, Cody & Associates, PLLC, in Hickory by calling 828-328-9966.