Speeding ticket help

When NM raised it's interstate speed limit to 75, the accident rates on I40 dropped and the accident rate on I25 went up. And we all know which one has more traffic.

 

Not an insurance pusher.......the company underwriter guy who's employer pays the claims caused by the various things that go wrong in a day. There are truly "accidents" that in no way could be prevented, no matter what the attorneys will say in court. The frustration we carriers deal with are the stupid, preventable bad decisions that lead to claims.....big and small. The bad decisions run from making a u-turn on a two lane road at night in rural ND to "speeding" (too fast for conditions?) in congested metro areas. Are these situations created by the "steering wheel holders" or the "professionals"......well guess what....it's both.

To answer EZ Money, like all of the larger carriers, we have our own statistical records from many years of writing trucking for hire. This information in concert with FMCSA & NHTSA safety data helps us create our underwriting appetite as well as influencing our pricing by state, radius, OOS, Basic Alerts etc. This data is all "objective" in nature, can be measured and become a data point for further analysis.....at the end of the day for us it's how much did you take in, how much did you pay out and did you make an underwriting profit, which is fairly easy to calculate. The subjective side of underwriting (the voodoo to you) is that part of the process brought to an underwriter over many years of reviewing the claim files to see "what really happened", and trying to determine the tell tale signs to allow you to see the potential for loss before it happens.

Classic at this time is the "White Volvo" operated out of Chicago Metro....we underwriters KNOW we need more premium to write these operators.....and adjust our pricing to make sure we generate more per power unit for these operators than an owner operator operating out of Joplin.

So back to topic, yes speeding (too fast for conditions?) does contribute not only to frequency (those drivers with multiple speeding violations on their mvr DO in fact have a higher frequency ratio and higher payouts than those drivers with only "weight" violations) but also severity. Think about it, the attorney for the claimant sees the driver has multiple speeds on his mvr, driver couldn't stop in time to keep from hitting poor Mildred in the Prius, so attorney sees $$$$ signs in his future.

 

You must know that speeding and driving too fast for conditions are different things. Therefore I suggest that you not pass judgement on a driver that might well have several hundred thousand accident free miles behind him who happens to have been charged with speeding unless you know the details.

There is a section of 4 lane divided hwy called New York State route 12 north of Utica that is 55 mph. This hwy is every bit an interstate and could easily be a 65 zone. But it isn't. Convenient that the area is populated with NYS troopers. 65 mph here is as safe as the day is long.

Alternatively, I don't need to tell you that many times 40 in a 55 is too fast for conditions.

Claim free drivers with speeding tickets are the insurance companies' gravy train. You need them to pay for the white Volvo's.

Like it or not this world has accidents and whether or not you admit it, you know that deep down inside you want us over the speed limit. You NEED us over the speed limit. Do people speed? You're dam right they do. And they'll do it again.

 

Lots of roads like that.

 

It's by and large just numbers..........a single owner operator with a clean mvr starts with a 20% credit in most states......1st moving violation therefore costs 20%, and it goes up from there depending on overall mvr.

Newbies with less than 12 months Class A get a 75-100% debit depending on the state.......based on a clear mvr.

I go back to the vast majority of moving violations are conscious decisions made by drivers......and there should be, and there is a cost associated with those behaviors.