How a Speeding Ticket Affects Your Insurance: If you’ve recently received a speeding ticket, you might be concerned about a potential hike in your car insurance rates. The straightforward answer is that a speeding conviction will likely lead to higher insurance premiums.
However, The exact increase depends on various factors such as your driving record, where you live, and other circumstances. After getting a speeding ticket, it’s a good idea to shop around and compare quotes from multiple insurance providers to find a more affordable option.
How Much Does a Speeding Ticket Affect Your Insurance?
Car insurance rates typically increase by about 25% after a speeding ticket. On average, a driver with a speeding conviction will pay around $2,486 annually for full coverage insurance.
However, the impact of a speeding ticket on your insurance can vary significantly. Factors such as your location and your insurance provider can influence the extent of the rate increase. While many insurers will raise premiums after multiple speeding tickets, some may not increase rates at all after a single infraction.
When Does a Speeding Ticket Affect Your Insurance?
A speeding ticket typically impacts your car insurance rates when it’s time to renew your policy. It’s best to wait until after your conviction to shop for new quotes to ensure they accurately reflect your expected premium. Some insurers may not raise your rates if you’ve received your first speeding ticket. Shopping around could uncover a company that won’t penalize you for this violation.
Car Insurance Rates After a Speeding Ticket, by Company
After receiving a speeding ticket, your cheapest car insurance provider may change. Some insurers significantly increase rates, while others show minimal change.
Among the largest national insurers, State Farm had the smallest average rate increase after a speeding ticket, with an uptick of around $22 per month. Farmers, on the other hand, had the largest increase. Liberty Mutual does not provide rate data and is not included in our analysis.
USAA often offers the lowest rates, exclusive to active military, veterans, and their families. Here are the average rates for a 35-year-old driver with full coverage insurance after one speeding ticket, ranked from minimal to significant increase:
State Farm: $22/month increase
Other Insurers: Varies widely, with some doubling rates
| Company | Average annual rate after a speeding ticket | Annual increase compared to a driver with a clean record |
| Travellers | $2,270 | $519 |
| State Farm | $1,693 | $262 |
| Geico | $2,580 | $571 |
| American Family | $1,868 | $321 |
| Nationwide | $2,585 | $569 |
| USAA | $1,351 | $232 |
| Allstate | $3,483 | $373 |
| Progressive | $2,661 | $587 |
| Farmers | $3,568 | $761 |
Car Insurance Rates After a Speeding Ticket by State
The impact of a speeding ticket on car insurance rates varies significantly across states.
In Michigan, where average car insurance costs are already high, drivers could face a substantial increase of $124 per month for coverage after being cited for speeding.
To give you an overview of what to anticipate in your state, here are average rate increases for full coverage insurance after a speeding ticket:
| State | Average Annual Rate After a Speeding Ticket | Annual increase compared to a driver with a clean record |
| Alabama | $2,748 | $479 |
| Alaska | $2,254 | $299 |
| Arizona | $2,711 | $557 |
| Arkansas | $2,647 | $487 |
| California | $2,301 | $643 |
| Colorado | $3,493 | $795 |
| Connecticut | $3,196 | $593 |
| Delaware | $3,064 | $463 |
| Florida | $4,417 | $812 |
| Georgia | $3,123 | $613 |
| Hawaii | $1,830 | $199 |
| Idaho | $1,640 | $291 |
| Illinois | $2,244 | $497 |
| Indiana | $1,838 | $406 |
| Iowa | $1,909 | $313 |
| Kansas | $2,848 | $558 |
| Kentucky | $4,110 | $753 |
| Lousiana | $4,232 | $833 |
| Maine | $1,647 | $324 |
| Maryland | $3,694 | $695 |
| Massachusetts | $1,758 | $365 |
| Michigan | $4,721 | $1,492 |
| Minnesota | $2,417 | $487 |
| Mississippi | $2,490 | $541 |
| Missouri | $3,275 | $568 |
| Montana | $3,446 | $614 |
| Nebraska | $2,195 | $407 |
| Nevada | $3,686 | $628 |
| New Hampshire | $1,883 | $325 |
| New Jersey | $3,677 | $868 |
| New Mexico | $2,548 | $420 |
| New York | $3,228 | $627 |
Minimum vs. Full Coverage After a Speeding Ticket
If you currently have full coverage auto insurance and are concerned about the cost increase following a speeding ticket, you might consider switching to minimum coverage. Generally, minimum coverage car insurance is cheaper than full coverage.
Here are the average annual rates for car insurance after a speeding ticket:
- $2,693 for full coverage.
- $868 for minimum coverage.
Before making a decision to reduce your coverage, it’s essential to weigh the consequences. Switching to a policy that meets only your state’s minimum requirements means you won’t have comprehensive collision coverage.
This implies that if you cause an accident, your insurance won’t help pay for damage to your vehicle. While this option may make sense for older vehicles of lower value, if you have a car loan or lease, your lender likely requires you to maintain full coverage.
How to Save on Car Insurance After a Speeding Ticket
If you’re seeking ways to save money on car insurance, particularly after a speeding ticket, consider these strategies:
- Compare Quotes: Utilize NerdWallet’s car insurance comparison tool to compare quotes from multiple insurers online. Prices can fluctuate, so it’s wise to check annually.
- Ask for Discounts: Inquire about potential discounts you might be eligible for, such as low-mileage discounts for those who work from home, bundling discounts for combining car and homeowners insurance, multi-car discounts, or student discounts.
- Take Advantage of Life Changes: Major life events, like marriage or moving to a safer neighbourhood, can sometimes lead to lower insurance rates. Be sure to shop around for quotes when these changes occur.
- Raise Your Deductible: Increasing your car insurance deductible can lower your premium. Just ensure you have enough savings to cover the higher deductible if needed in the event of a claim.
- Check Again After Driving Record Improves: After three to five years, revisit quotes online. Many insurers reduce rates once accidents, tickets, or violations no longer appear on your driving record.
- Consider Your Vehicle: The type of car you drive affects insurance costs. Newer, more expensive cars typically cost more to insure than older or less costly models. Review lists of the cheapest cars to insure to see if your vehicle qualifies.
By exploring these options, you can potentially reduce your car insurance costs even after receiving a speeding ticket.
Frequently Asked Questions
When will a speeding ticket show up on insurance?
A speeding ticket typically affects your insurance rates when your policy is up for renewal.
Does a first-time speeding ticket affect insurance?
Yes, a first-time speeding ticket can impact your insurance rates, but the extent varies based on your insurer and driving history.
What tickets don’t affect insurance?
Some minor violations, like parking tickets, usually don’t affect your insurance premiums.
When will a speeding ticket show up on insurance Progressive?
Progressive may adjust your rates after a speeding ticket shows up in your driving record, typically at renewal.
How much will my insurance go up after a speeding ticket, Progressive?
Progressive’s rate increase after a speeding ticket can vary widely, influenced by factors like location and driving history.
How much will a speeding ticket raise my insurance, GEICO?
GEICO’s rate increase after a speeding ticket depends on factors such as your driving record and location.
How long does a speeding ticket stay on your record for insurance, GEICO?
GEICO and other insurers generally consider a speeding ticket for insurance purposes for about three years from the date of the violation.
One DUI can raise your auto insurance rate by nearly?
A DUI conviction can increase your auto insurance rates significantly, often doubling or more depending on your insurer and location.
