Keeping Track: What speeding costs you

A ticket can add 16 percent to car insurance

Everybody knows that getting pulled over for speeding often means a bumping up of auto-insurance premiums. But how big a hit?

A study of online car-insurance providers conducted by FinanCenter.com, a for-profit consumer-advocate company specializing in personal finance, shows that a single citation can boost insurance rates by as much as 16 percent.

"I think that all insurance companies perceive a greater risk. Some attribute more weight to that risk than others do," says Sherri Neasham, CEO of FinanCenter.com. "Some companies are after a certain target market. They're better attuned and willing to take certain risks than others, and their premium price will be lower because of it."

(c) Copyright 2000. The Christian Science Publishing Society

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