How Does a Speeding Ticket Affect Auto Insurance Rates?

Fran
Paula Loje Martini
October 17, 2019

We all agree that it isn't fun to get pulled over for speeding, but when it happens, one of the first things that come to your mind is, “How much will a speeding ticket cost me?” And maybe the second thought is, “Will a speeding ticket affect my insurance rate?”

Speeding tickets show up on your driving record and they are one of many factors that can impact your auto insurance rates. Insurance companies regularly check your driving record in order to estimate your risk of having an accident or filing an insurance claim. Drivers who receive multiple speeding tickets might be lumped into a higher risk group and the perception of being part of this group may affect the cost of your auto insurance. Also, the more violations you have, the more likely that you’ll have a high rate.

How Much Will a Speeding Ticket Increase My Insurance Rate?

The rate increase will depend on some factors, including your driving history, the state you live in, how fast you were going and the insurance company you’re insured with. Every insurance company has a different rating system for violations.

If you have only one speeding ticket and it was your first, some insurance companies may forgive it as a one-time mistake. In fact, many insurance companies have first-ticket forgiveness programs in certain states. However, if this is not the case where you live, and you have more than one, you are likely to see a rise in your auto insurance rate.

In general, the percentage increase in your insurance rate for a speeding ticket will vary between 20 to 30% on average. If you were traveling up to 15 MPH over the speed limit, your insurance rate increase will be no more than 20%, but for 30 MPH or more, you can expect a 30% increase.

Violation

Percentage (average)

Speeding 1-15 MPH over the limit

20%

Speeding 16-29 MPH over the limit

22%

Speeding 30+ MPH over the limit

30%

Additional to higher rates, you may lose your good-driver or safe-driver discount that was applied to your policy once you get a ticket. If you accumulate too many violations, your insurance company may even drop your policy. You will have a hard time buying insurance when that happens, and it’ll be even more expensive.

How Long Does a Speeding Ticket Affect My Insurance?

How long a speeding ticket affects your insurance depends on the look-back period of the insurance company. The speeding ticket will be added to your Motor Vehicle Record (MVR) immediately, but typically your insurer won’t know about it until they check your MVR. This usually happens around the time you’re renewing or changing the policy. However, if you are shopping around and your MVR shows a speeding ticket, you’ll likely receive higher quotes.

Many insurance companies look back three to five years on average for minor violations, including speeding tickets, when determining rates. The look-back period varies by company, state and the severity of your violation. In California for example, most violations and minor accidents stay on your record for three years. Once that time is up, your ticket won’t impact the rate anymore.

Will an Out-of-State Speeding Ticket Show Up on My Record?

If you get a ticket out of state, it’ll most likely show up on your record, but it depends on both states and the nature of the violation. Most states participate in Driver’s License Compact (DLC), which shares violation information between a driver’s home state and the state where the violation occurred.

Can I Contest the Speeding Ticket?

If you strongly believe that your ticket is unjustified and you didn’t break the law, then you have the option to fight or negotiate it, but keep in mind that you'll most probably need to go to court. Going to court means that you need to prepare yourself or even consult an attorney and it normally takes time. Considering those options, your ticket may be dismissed, reduced or deferred and it might not show up on your driving record.

You may ask yourself about the costs involved in fighting a speeding ticket. Generally, it’s likely worth the money, if your ticket is expensive or could result in the loss of your driver's license. Take some time to analyze the situation before making a decision about how to proceed.

However, there is a way to save some money without going to court if it’s your first driving offense. If you take a safe driving course, your insurance company may never find out about the moving violation in the first place. More on this below.

How Much Is a Speeding Ticket?

A speeding ticket can cost you anywhere between $35 and $500, depending on the speed and the state in which you were driving!

Ways to Save Money After Getting a Speeding Ticket

  • Take a defensive driving class. Finishing a defensive driving class will result in your speeding ticket being dismissed from your record. However, in some states, it’s a one-time-only remedy. Cost and time commitment will vary by course. You can even take an online course that is approved by your local DMV.
  • Drive Carefully. Even if you've gotten a speeding ticket, avoiding another one to help keep your auto insurance costs low.
  • Raise your deductible. Raising your deductible will always result in lower premiums. However, it’s important to choose the one you can afford in the event that you have to file a claim.
  • Discounts. Ask your agent for a discount review to check if you’re eligible for any available discounts.
  • Shop around. The best way to avoid higher rates is by shopping insurance rates. We recommend quoting with multiple carriers, even after you get a ticket, so you can find the best solution for your situation. The price difference between two similar policies with two different insurance companies may be huge. If you have a speeding ticket that is a little over three years old, this is a good time to shop around and get new quotes. You may get lower rates by switching insurance carriers. You can get several free car insurance quotes with us, by clicking here.
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