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Speeding ticket in Ontario, How much will an increase be on my insurance per vehicle?

I have just gotten a speeding ticket in on my Ontario driver’s license. Can anyone tell me a rough figure as for how much as an average I could be paying on extra insurance for my vehicle when it gets updated? And how long will these penalty premiums be in effect? Thank you.

They company I work for will only run the MVR once. So there is a chance you will not see an increase. We do state in the policy that we can run the MVR at any time but the only time I have ever seen them run it again is if you have multi accident’s or your account gets red flagged or if it lapses and you try to reinstate the policy. Ever company will have different procedures so I cant promise it wont go up but if they do run the MVR then you can expect a 10%-30%increase.

Good Luck!

This entry was posted on Wednesday, March 17th, 2010 at 7:42 am and is filed under vehicle insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Speeding ticket in Ontario, How much will an increase be on my insurance per vehicle?”

  1. They company I work for will only run the MVR once. So there is a chance you will not see an increase. We do state in the policy that we can run the MVR at any time but the only time I have ever seen them run it again is if you have multi accident’s or your account gets red flagged or if it lapses and you try to reinstate the policy. Ever company will have different procedures so I cant promise it wont go up but if they do run the MVR then you can expect a 10%-30%increase.

    Good Luck!
    References :
    Insurance Agent

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