How a Speeding Ticket can affect your Insurance Rate

Submitted by Sarah Bradley, MA

Yes, your insurance rates can and will rise after your first traffic ticket offence.  In fact your insurance premium will increase according to the number of convictions you have on your driving record and the severity of the offence(s).

Below you will find a guideline that lists the premium surcharges typically levied by insurance brokers of Ontario by offence type: (Please note that surcharges vary for each company and thus this chart should not be considered wholly representative of all insurance companies. In other words, do not base any of your decisions regarding your traffic matter(s) exclusively on this chart)

Minor   Major<   Serious  

One conviction

0

One conviction

15%

One conviction

100%

Two convictions 5% Each additional conviction 25% Each additional conviction 100%
Three convictions 15%        
Four convictions 25%        
  15%        

Note:  The maximum surcharge that Facility Association apply is 250%

Examples of speeding conviction classifications are listed below:

Minor

Major Serious
Convictions for any moving traffic offence (offences related to the operation of a vehicle), other than those listed as Major or Serious, under an Act governing highway traffic or Compulsory Automobile Insurance Act (CAIA) or for any offence substantially the same committed within or outside Canada. Convictions of the following offences under any Act governing highway traffic of Compulsory Automobile Insurance Act (CAIA) or offences substantially the same committed outside Canada. Convictions of the following offences under the Criminal Code of Canada or under an Act governing highway traffic or any other Act or offences substantially the same whether committed within or outside Canada or any convictions which appear on a Driver Record Abstract identified as Criminal Code convictions.
Speeding - any type except where listed as major or serious Speeding in excess of 50kph over limit  

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