How does a speeding ticket affect insurance premiums?

Expect to pay more -- the average rate increases by 36% after a speeding ticket.

Author
By Kat Tretina
Kat Tretina

Written by

Kat Tretina

Writer, Fox Money

Kat Tretina has more than eight years in finance, covering mortgages and student loans. Her byline has been featured by U.S. News & World Report, Yahoo Finance, and MSN.

Updated September 25, 2024, 11:10 AM EDT

Edited by Scott Nyerges
Scott Nyerges

Written by

Scott Nyerges

Writer, Fox Money

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing editor for Consumer Reports and news programmer for MSN.

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Because speeding increases the likelihood of being involved in accidents, a speeding ticket can significantly increase your car insurance premiums – perhaps as much as 35%. But there are steps you can take to reduce the financial impact.

Speeding can be incredibly dangerous, increasing the risk of property damage, injuries and even death. In fact, the National Highway Traffic Safety Administration (NHTSA) reports that speeding was involved in 29% of all traffic fatalities in 2022, the most recent year for which data is available.

Key highlights

  • After a speeding ticket, car insurance premiums increase by about 36% per year, on average.
  • Geico, Nationwide and Travelers had the highest premium increases after a speeding ticket, whereas State Farm and Allstate had the lowest increases.
  • Residents of Hawaii, Ohio and California experience the biggest increases on average after a single ticket.
  • Your driving record plays a major role in determining your car insurance premiums.