Speeding tickets are expensive by design. After all, they are supposed to be a deterrent to speeding. A speeding ticket in New York usually costs at least $150, but you could end up shelling out even more depending on your speed and other factors. Here are some interesting facts about the cost of speeding tickets that everyone should know.
- $100 after six points. New York State imposes a driver responsibility assessment (DRA) of $100 each year for three years if the driver has accrued six points on their license. The DRA increases by $25 for each additional point accrued.
- $1,493 max in NY. The most expensive speeding ticket you could get in New York would be $1,493. In order to get a ticket this large, you’d have to be going 31+ mph over the limit in a school zone ($1,200). Assuming you already had two points on your license, this would add an additional eight points, incurring a DRA of $200. You’d also have to be assigned the maximum court fee of $93.
- $3,000+ in Virginia. New Yorkers can rest assured that they don’t have it as bad as Virginia drivers, who can sometimes pay over $3,000 for a speeding ticket.
- $800 in premium hikes. A speeding ticket can wreak havoc with your auto insurance, increasing your premiums by 21 to 30 percent, which could translate to anywhere between $300 and $800 more each year.
- Two pounds Flemmish. Back when New York was known as New Amsterdam, a person would get fined at least two pounds Flemmish for riding at a full gallop. Coincidentally, that equates to about $150 in today’s dollars.
- $5.4 billion annually. Speeding tickets bring in anywhere from $3.8 billion to $5.4 billion a year in revenue, nationwide. That means that on average each police officer issues about $300,000 worth of speeding tickets annually. That’s quite an incentive for towns and states to hand out citations and increase fines!
- $40 billion in accidents. However, the revenue from tickets doesn’t come close to covering the cost of crashes. According to the Insurance Information Institute, accidents caused by speeding cost about $40 billion a year. That figure is based on total economic impact, including job loss, repairs, insurance premium hikes, and more.
Between DRAs, NYS surcharges, and insurance premium hikes, a conviction for speeding can be very costly. If you or a loved one has been ticketed for speeding in New York, contact an attorney to avoid the expenses associated with a conviction. The lawyers of the Rosenblum Law Firm are skilled New York traffic ticket attorneys who are experienced in handling tickets for speeding as well as other driving-related offenses. Call 888-203-2619 or email the Rosenblum Law Firm today for a free consultation about your case.