danica patrick the quarter roll196 Reasons To Avoid A Speeding Ticket

Just how big of an "industry" is speeding tickets? Consider these numbers listed on WikiAnswers:
-Over 100,000 people a day receive a speeding ticket in this country.
-41,000,0000 speeding tickets are issued every year.
-1 in 6 drivers will get a speeding ticket each year, and the average cost of a speeding ticket is $150.00.
-That means drivers pay roughly $6,150,000,000 per year in speeding ticket fines.

Race Car Driver Danica Patrick Pulled Over For Speeding
With that many speeding tickets being issued each year there is a good chance you or someone you know will get one. Getting pulled over by the police for speeding can happen to anyone, including professional drivers such as Danica Patrick. Danica Patrick is an extremely successful NASCAR racing driver, who has also had work as a model and spokesperson. Just like millions of other drivers, she has received several speeding tickets. In one case she was ticketed when driving 54 mph in a 35 mph zone in Scottsdale, Arizona, and was ordered to pay a fine of $196.00. However, in her case it may be difficult to call 54 miles per hour speeding when you drive 200 miles per hour at work.

Regardless of who you are, there are many financial considerations to be aware of when it comes to speeding tickets. Here are a few.

1. The cost of the ticket.
The average cost is $150.00 for the ticket, however, this can vary greatly based on such factors as your speed, recklessness, and location of the speeding (for example, a school or work zone).

2. Points.
If you are convicted of a motor vehicle violation, the DMV will assign a certain number of "points" to your driving record. You want to avoid such points because they can lead to higher insurance rates and even suspension of your driver's license.

3. The cost of safe driving classes.
Safe driving classes can either be a requirement given to you by the judge or in some cases you may voluntarily ask to be sent to safe driving school. The reason some people ask to be sent is that often times you any potential points you would have received are cleared from your record after you have successfully completed the safe driving classes.

4. Time off from work to go to court.
when you get a ticket you are allowed to challenge it in court. However, you must be there (thus taking time away from work) or you need to hire an attorney to stand in your place. Either way there is a financial cost to you.

5. Higher insurance premiums.
As mentioned before, it is the points that come with a conviction that lead to higher insurance rates. while car insurance companies don't advertise the exact dollar amount your insurance will go up you can be sure there will be a financial penalty. Carinsurance.com says, "Because each insurance company has a different (complex) rating algorithm there is no set dollar amount or rating point comparison that can be given. One major violation can increase your rate by 26%. Then, most rating systems gradually lower the impact each year.


More Stories Here:   Kate Gosselin   Dakota Fanning   Kirstie Alley   Nikki Minaj   Mike Tyson   Jennifer Anniston   Donald Trump   Paula Deen

The Quarter Roll is published to provide personal insights and opinions on everyday ways of saving and managing money, budgeting, and reducing debt. The Quarter Roll does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the authors based on his or her personal experiences. All photos courtesy of The Quarter Roll, iStockphoto, or Dreamstime. All rights reserved. This site is best viewed when using Adobe Flash Player. the quarter roll magazine financial entertainment