Getting a traffic ticket is never a pleasant experience, but it’s more than just the ticket you should worry about. There are several hidden costs associated with traffic tickets that can hit you where it hurts – your wallet.
The financial impact of a traffic ticket can be much greater than you might expect, and you may end up paying a heavy price even for a minor traffic infraction. Below are some of these costs that may not be apparent at first glance.
You may face increased insurance costs
Insurance companies regularly check driving records and use them to determine insurance rates. As a result, your insurance rates will likely increase if a traffic ticket goes to your record. This can happen if you pay the fine or plead guilty to the traffic violation. Your premiums may increase by more than 20%, depending on the traffic violation related to your citation.
You may have to take time off work
You may be required to attend traffic school or complete community service as part of your sentence. It means taking time off your regular schedule or work duties to do so, which can result in loss of income.
You may need alternative transportation
Your first traffic ticket may not affect your driving license. However, it may be suspended if you accumulate many points on your license due to traffic violations. You may have to use alternative means, such as public transportation or ride-sharing services, which can be costly.
You can experience a negative effect on your employment
Some employers may consider a driver’s driving record when making hiring decisions, depending on the nature of the job. As such, a history of traffic violations could hurt your future employment opportunities.
Pleading guilty to a traffic violation or paying off a traffic ticket are not viable solutions. The actual cost of a traffic ticket extends far beyond the initial fine. By understanding your legal options and taking proactive steps, you can minimize the negative impact of traffic tickets and protect your financial interests.