Insurance Rates

There are a number of factors that will determine whether a conviction to a traffic ticket will result in an increase in insurance. Each insurance company weighs differently various factors in determining whether to raise insurance rates. New York Insurance Law section 2335 permits insurance companies to raise insurance rates for a variety of reasons, including being convicted of speeding sixteen miles per hour or more over the speed limit, two or more moving violation convictions of the vehicle and traffic law convictions for of leaving the scene of an accident, a conviction for driving while intoxicated or impaired due to drugs or alcohol, a conviction for speeding or reckless driving that resulted in injury or death, and convictions of speeding and / or reckless driving on 3 or more occasions. For the full rendition of the law see New York Insurance Law section 2335.