If you’ve gotten a speeding ticket recently, you’re probably bracing yourself for an increase in your car insurance rates.
Car insurance typically goes up about 25% after a speeding ticket, NerdWallet’s 2020 rates analysis found. On average, a driver with a speeding ticket will pay $1,781 a year for full coverage auto insurance. That’s $354 more than a driver with a clean record, our analysis found.
But the financial pain you can expect depends on many factors, including the state you live in and the insurance company you choose.
To help you find the cheapest auto insurance after a speeding ticket, NerdWallet compared rates across the country for a hypothetical driver ticketed for going 16 mph over the speed limit.
Car insurance rates after a speeding ticket
After a speeding ticket, you’ll want to pick the cheapest car insurance company — and it may not be the same one that was cheapest for you before.
A few insurers in our analysis more than doubled their rates for drivers with a speeding ticket, while others seemed to shrug it off. Several smaller, regional insurers, including Secura, Texas Farm Bureau and Westfield, showed no difference in car insurance rates for drivers with or without a speeding ticket.
Among the 10 largest car insurance companies, American Family had the smallest average rate hike after a speeding ticket — less than $5 a month. The biggest increases came from Farmers and Liberty Mutual.
Here are the average rates we found for a 40-year-old driver buying a full coverage policy.
|Company||Average annual premium after a speeding ticket||Increase compared to driver with clean record|
|*USAA is available only to active military, veterans and their families.|
» MORE: Compare Car Insurance Rates
Average car insurance rates by state after a speeding ticket
In Pennsylvania, a speeding ticket may mean only an extra $11 per month on your car insurance premiums.
But in Michigan, where average car insurance rates are already relatively high, you may have to shell out $90 a month more for coverage after you’re caught speeding.
To give you an idea of what to expect in your state, here are average rates and price increases for a full coverage policy after a speeding ticket.
|State||Average annual premium after a speeding ticket||Increase compared to driver with clean record|
|District of Columbia||$1,802||$275|
Minimum vs. full coverage after a speeding ticket
If you have full coverage auto insurance and you don’t like the price you see after a speeding ticket, you may want to consider reducing your coverage.
After a speeding ticket, minimum required car insurance is typically less than half the price of full coverage on average, our analysis found. Average annual rates for car insurance after a speeding ticket are:
- $1,781 for full coverage.
- $755 for minimum coverage.
Think carefully before you choose this option. With a bare-bones auto policy you won’t have comprehensive and collision coverage, so if you cause a crash, your insurance won’t help pay for damage to your car. That might make sense if your vehicle isn’t worth much. But if you have a car loan or lease, your lender likely requires you to keep full coverage.
How long a speeding ticket affects car insurance rates
A speeding ticket typically stays on a driving record for one to three years, depending on your state. If you’ve gotten a ticket and a related insurance rate increase, ask about your company’s surcharge schedule. This will reveal how long you can expect to suffer the higher rates. You’ll also lose any good driver discounts you had.
Don’t be afraid to shop around. Taking the time to compare car insurance quotes can save you hundreds or even thousands of dollars — even if you’ve had a few flashing lights in your rearview mirror.
For our “good driver” profile, NerdWallet averaged rates from the largest insurers in each state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:
- $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 coverage per person.
- $300,000 uninsured motorist coverage per accident.
- Collision coverage with a $1,000 deductible.
- Comprehensive coverage with a $1,000 deductible.
If required, minimum additional coverages were added. We used the same assumptions for all other driver profiles, with the following exceptions:
- For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
- For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.
We used a 2016 Toyota Camry LE for all single drivers.
These are rates generated through Quadrant Information Services. Your own rates will be different.