Speeding tickets are relatively common, but that does not mean there are no consequences. If you get a speeding ticket, you can expect to experience ramifications for three to five years, on average. A speeding ticket on your motor vehicle record (MVR) could have significant impacts on the cost of your auto insurance, where you can expect to see your premium increase by an average of 23% per year after a speeding ticket.
It can be helpful to understand how a speeding ticket affects your auto insurance premium, policy eligibility and driving status. Knowing the ramifications of a citation before you get one could help you be better prepared for the fallout and might help you find ways to lower your premium.
Speeding tickets and insurance premiums
All property and casualty insurance coverage, including auto and homeowners insurance rates, are evaluated on the basis of risk. When it comes to speeding tickets and auto insurance premiums, an insurance provider will typically evaluate driving records to determine what level of risk you may represent. Having a speeding ticket on your MVR typically means that insurance companies will view you as a higher risk. To compensate for this risk, you will likely be charged a higher premium on your policy.
Most drivers who receive a speeding ticket see an increase in auto insurance costs at their next renewal. Although the national average increase for full coverage rates with a speeding violation on record is about 23%, according to Quadrant Information Services, this can vary based on a number of factors. Each auto insurer sets its own rates, so the company you choose will have an impact on how much you pay. Additionally, if you have other incidents on your driving record, your premium will likely be affected.
How a speeding ticket impacts insurance premiums
|Pre-speeding ticket annual premium||Post-speeding ticket annual premium||Percent increase|
How long does a speeding ticket stay on your record?
In many states, the average number of years that a speeding ticket stays on your MVR is three years, but it may be more or less in certain states. For example, Virginia speeders will see a speeding ticket on record for five years.
Getting a speeding ticket not only impacts your insurance premiums, but it could significantly affect other aspects of your life and your wallet. You may be wondering, “How much does a speeding ticket cost?” The answer is not straightforward. After a citation, you may have to pay court fees, fines and attend driving safety program. Depending on the severity of your offense, your license may be suspended, and there could be an additional fee to reinstate it. The cost of a speeding ticket can vary based on your state, how fast you were driving above the posted speed limit, how much your insurance increases and what financial penalties you may face from the city, county or state where your citation was issued. Understanding your state’s laws can help prepare you for the aftermath of a speeding ticket.
Speeding tickets and your driver’s license
The Department of Motor Vehicles (DMV) in all 50 states and Washington, D.C. keeps track of traffic violations using a point system. Each state and the District of Columbia also has its own rules and guidelines for the point system and the point threshold for citation severity. No matter where you live, when you receive a speeding ticket, a certain number of points will be assessed on your driver’s license. The number of points could depend on how far over the posted speed limit you were traveling. In many states, the more you are in excess of the speed limit, the more points will be assessed to your driving record.
However, each state has its own point system and corresponding number of years that the points will stay on your record with the DMV. Your state’s laws will affect the outcome of your speeding ticket.
Speeding tickets and your auto insurance
Having a speeding ticket on your record may affect more than just how much you pay for insurance — it could affect your eligibility for coverage with various car insurance companies. But how long does a speeding ticket affect your auto insurance rate? To determine your driver risk level, insurance companies will look at how many accidents, tickets and other incidents such as DUIs you have had in the past three to five years, on average. Each company will have its own underwriting guidelines dictating how far back they will assess your motor vehicle record.
The severity of your speeding ticket may also influence your auto insurer when it is determining your premium. Just as your rate of speed over the limit can affect the fines you pay and points assessed, it can also affect your auto insurance. The more tickets and other incidents you have on your MVR, and the more severe those incidents are, the more likely you are to encounter auto insurers who decline to write your policy. This can become further complicated if your driver’s license was suspended. Finding auto insurance coverage with a suspended license can be tricky, but it is possible. You may need to choose an auto insurer specifically geared toward insuring high-risk drivers.
How to save on car insurance with a speeding ticket
Although your premium will typically increase after you receive a speeding ticket, there are ways you can save on your auto insurance. Many carriers offer discounts that can help offset the increased costs of auto insurance after a speeding ticket. Here are a few ways to potentially save on car insurance if you are being impacted by a speeding ticket:
- Shop around: Every company has its own rating system, which means some companies might rate your speeding ticket more heavily than others. Getting quotes from several companies might help you find a carrier that offers you the same coverage for less.
- Take a defensive driving course: Some auto insurers offer a discount for drivers who complete an approved defensive driving course or a driver’s education program. This discount is not available from all companies or in all states, so be sure to talk to a representative from your company or your insurance agent before you sign up for a course.
- Bundle your policies: Most insurance companies that provide multiple lines of insurance, like home and auto policies, offer a savings opportunity for buying more than one type of policy. For example, if you have a home and a vehicle, buying both policies from the same carrier will typically generate significant savings on each.
- Take advantage of discounts: Most companies offer discounts to help drivers save on their auto insurance. In addition to the bundling discount, some common savings opportunities include going paperless, signing up for a usage-based insurance telematics program, being a good student and having a vehicle that is equipped with certain safety features.
Speeding tickets are one of the most common traffic violations, and having one on your record can have significant financial and practical impacts on your life. Depending on the state you live in and the amount you exceeded the speed limit, as well as the total number of points accumulated on your MVR, you may be dealing with the fallout of a ticket for several years. Thankfully, most auto insurers often offer discounts or savings opportunities that can help lower your insurance cost after a speeding ticket.
Frequently asked questions
What is the best auto insurance company if I have a speeding ticket?
The best auto insurance company for you depends on various factors. Each car insurance company has its own underwriting protocol and evaluates speeding tickets differently. Additionally, each state has its own traffic violation rules and point system. Some of the top car insurance companies that have been rated highly by third-party organizations may give you a starting place to compare rates, coverages and discount options.
How can I get a speeding ticket off of my driving record?
In some states, under certain conditions, you may be able to complete an approved defensive driving course to have a speeding ticket removed from your permanent motor vehicle record. Other states may reduce the points on your driver’s license but still keep the citation on your MVR. In many cases, you may need to wait until the points expire. Every state has a different point system and requires a specific amount of time before points expire from your driving history. Please note that even if the ticket is removed from your permanent MVR, you will still need to pay all associated fines and court costs.
How can I save on auto insurance with a speeding ticket?
There are numerous ways to save on auto insurance after having a speeding ticket on your driving record. The Insurance Information Institute recommends getting quotes from multiple carriers to help find one that will offer you a lower premium for an equal amount of coverage. Additionally, many insurance companies offer a variety of discounts that you may qualify for. Each auto insurer offers different discounts, although these may vary by state.
What kind of tickets affect your insurance?
Moving violations — like speeding, disregarding a traffic signal, following too closely or reckless driving, among others — will have a negative impact on your premium. Generally, non-moving violations, like parking tickets, will not affect your auto insurance.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.