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. When it comes to your car insurance, you can expect to see your premium to 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 insurance rates, including auto, life 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 record 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.
Most drivers who receive a speeding ticket see an increase in insurance prices. Although the national average for full coverage rates with an accident on record is about 23%, according to Quadrant Information Services, this can vary based on a number of factors. Each insurance company 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 driver’s license is around 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 also affect other areas of your life. You may be wondering, “How much does a speeding ticket cost?” The answer is not an easy one. After a citation, you may have to pay court fees, fines and attend driving school. 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 going, how much your insurance increases and what penalties you face. 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) keeps track of traffic violations using a point system. Each state has its own rules and guidelines for the point system and the point threshold for citation severity (speeding in Virginia is considered a four point violation, for example). If 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 speed limit you were traveling. In many states, the more you are in excess of the speed limit, the more points will show up on your driving record.
However, each state has its own point system and corresponding number of years that the points will stay on your driver’s license as well. 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 with various car insurance companies. But how long does a speeding ticket affect insurance? 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 regulations dictating how far back in your record an assessment goes.
The severity of your speeding ticket may also influence your insurance company when it is determining premiums. Just as your speed over the limit can affect the fines you pay, it can also affect your auto insurance. The more tickets and other incidents you have on your record, and the more severe those incidents are, the more likely you are to run into companies who decline to write your policy. This can become further complicated if your license was suspended. Finding auto insurance with a suspended license can be tricky, but it is possible. You may need to choose a company specifically geared toward insuring high-risk drivers.
How to save on car insurance with a speeding ticket
Although rates generally increase after you receive a speeding ticket, there are ways you can save on your auto insurance. Many insurance companies offer discounts that can help offset the increased costs of 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 insurance companies offer a discount for drivers who complete an approved defensive driving course or a driver’s education course. This discount is not available from all companies or in all states, so be sure to talk to a representative from your company 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 company might help you save on both.
- Take advantage of discounts: Most companies offer discounts to help drivers save on their insurance. In addition to the bundling discount, some common savings opportunities include going paperless, signing up for a telematics program, being a good student and having a vehicle 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 license, you may be dealing with the fallout of a ticket for several years. Thankfully, 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 is different and evaluates speeding tickets differently. Additionally, each state has its own traffic violation rules as well. Some of the top car insurance companies that have been rated highly by third-party agencies 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 dismissed. Otherwise, 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.
How can I save on auto insurance with a speeding ticket?
There are still a number of possible ways to save after having a speeding ticket on your driving record. Getting quotes from a few other companies might help you find a lower premium. Additionally, many insurance companies offer a variety of discounts that you may qualify for. Each insurance company 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 an 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.