Geico checks your driving record twice a year, since it sells six-month policies. Insurance companies like Geico check driving records when customers renew their policies, to determine how risky they are to continue insuring. Given that driving-related offenses suggest you are more likely to get into an accident and file a claim, Geico raises premiums for drivers who don’t have a clean driving record.
One speeding ticket will raise insurance rates by an average of 25% across insurance companies, for example. Similarly, an at-fault accident increases premiums by 20% to 40%, on average, and 45% at Geico.
Geico uses a points and surcharge system that explains exactly how much your premium will increase for each citation. But since Geico checks your driving record only when it’s time to renew your policy, a moving violation will not affect your insurance instantly. And rest assured that an accident or ticket will stop affecting your rates in three to five years.
In the meantime, though, policy renewal is a great time to compare quotes from multiple insurers to be sure you’re getting the best deal for the coverage levels you want.
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