Does a Speeding Ticket Affect Your Insurance?

The amount you pay for insurance after a speeding ticket is determined by your state and insurance company.

If you've recently received a speeding ticket, you're probably wondering if your car insurance rates will rise. Yes, you will most likely pay more for car insurance if you are convicted of speeding. However, the amount you'll pay will vary depending on your driving history, location, and other factors.

How much does car insurance go up after a speeding ticket?

TrustedInsurance compares rates across the country for a hypothetical 35-year-old driver ticketed for exceeding the speed limit by 16 miles per hour. According to our research, a speeding ticket raises car insurance rates by about 25%. A driver convicted of speeding will typically pay $2,043 per year for full coverage insurance, which is $413 more than a driver with a clean record.

However, the amount of financial pain you can expect is determined by a variety of factors, including the state you live in and the insurance company you choose. And, while most auto insurers raise rates after two or more speeding tickets, not all do so after a single ticket.

Average car insurance rates by company after a speeding ticket

After a speeding ticket, you'll want to choose the cheapest car insurance company — and it might not be the same one you had before.

In our analysis, a few insurers more than doubled their rates for drivers with a speeding ticket, while others seemed unconcerned. Several smaller, regional insurers, including Idaho Farm Bureau, Kentucky Farm Bureau, and Umialik, found no difference in car insurance rates for drivers who had or had not received a speeding ticket.

American Family had the smallest average rate increase after a speeding ticket among the nation's largest car insurance companies: less than $22 a month. Farmers and travelers saw the greatest increases.

Liberty Mutual, despite being one of the largest insurers in the country, is not included in our analysis because it does not provide rate data.

USAA frequently has the lowest rates, but it is only available to active military, veterans, and their families. As a result, we include its numbers in this article but do not rank them.

Here are the average rates we discovered for the aforementioned 35-year-old driver purchasing full coverage insurance after a speeding ticket, ranked from smallest to largest average increase.

If you want the best deals, don't be afraid to shop around. Even if you've had a few flashing lights in your rearview mirror, taking the time to compare car insurance quotes can save you hundreds or even thousands of dollars.

Average car insurance rates by state after a speeding ticket

In New Hampshire, a speeding ticket may cost you only $10.25 more per month on your car insurance.

However, in Michigan, where average car insurance rates are already relatively high, you may have to pay an additional $92 per month for coverage if you're caught speeding.

Here are average rates and price increases for full coverage insurance after a speeding ticket in your state to give you an idea of what to expect in your state.

Minimum vs. full coverage after a speeding ticket

If you have full coverage car insurance and don't like the price you see after a speeding ticket, you should think about reducing your coverage.

According to our research, the minimum required car insurance after a speeding ticket is typically less than half the price of full coverage. The following are the average annual rates for car insurance after a speeding ticket:

• $2,043 for full coverage.
• $710 for minimum coverage.

However, you should exercise caution before selecting this option. You won't have comprehensive or collision coverage with a bare-bones auto policy. This means that if you cause a collision, your insurance will not pay for the damage to your vehicle. That makes sense if your car isn't worth much. However, if you have a car loan or lease, your lender will most likely require you to maintain full coverage.