I'm trying to figure out exactly how the point system works. I just called my provider, Met Life, and they told me that a speeding ticket incurs 2 points. Each point adds 15% to the base rate of 4 things (I forget which numbers she said). If you have a clean record for 3 years, 1 point is dropped, the 2nd point is dropped after 6 years of a clean record. I think that is the way she explained it, does that sound right?
So hypothetically, you get a speeding ticket (and lose in court)...
-base rate of $1000
-2 points increase that to $1300 (30$ higher)
-pay 1300 for first 3 years
-1 point drops, pay 1150 for next 3 years
-the other point drops and by year 7 you are back to $1000
So in that 6 year period you pay a total of $7350 compared to $6000 if you had never gotten that ticket. Correct?
I forgot to ask, but what happens if you do not keep a clean record for 3 or 6 years? Does the point stay and need a full clean 3 years before dropping?
So say you get a ticket 2 years in a row:
year 1: 2 points [ticket]
year 2: 4 points [ticket]
year 3: 4 points [clean]
year 4: 4 points [clean]
year 5: 4 points [clean]
year 6: 3 points [clean] point dropped because of 3 previous clean years
year 7: 3 points [clean]
year 8: 3 points [clean]
year 9: 2 points [clean] point dropped because 3 more clean years
year 10: 2
year 11: 2
year 12: 1
year 13: 1
year 14: 1
year 15: 0
Does it really take 15 years to erase all the points from 2 tickets in 2 years or I am doing something wrong? And cost $5400 more than the equivalent clean driving record [assuming a base rate of $1000]?