How does a speeding ticket affect insurance premiums?
Expect to pay more -- the average rate increases by 36% after a speeding ticket.
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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.