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How Much Does a Speeding Ticket Raise Insurance?

Does a Speeding Ticket Raise Insurance

It is essential to anticipate that any speeding ticket or other moving violations would increase your car insurance premium rates, but there are times when you may catch a break, such as if it’s your first driving offense.

In this post, let’s look at how much your auto insurance premiums are likely to increase for typical traffic violations, such as speeding tickets, and parking tickets.

How Much Does a Speeding Ticket And Other Traffic Violations Affect Your Car Insurance Premium Rates?

Every moving or traffic violation carries its own severity, and that’s why your car insurance premium rate increases after a speeding ticket or any other traffic violation.

For example, a DUI violation is much more severe than a speeding ticket. The auto insurance premium rate spike caused by a speeding ticket also depends on how much over the speed limit the ticket clocks them in at.

Here’s how speeding tickets and traffic violations increase car insurance rates on average:

  • Speeding tickets up to 15mph over the speed limit - This speeding ticket can increase your car insurance premium rates by 20% on average.
  • Speeding tickets between 16mph and 29mph over the speed limit - This speeding ticket can increase your car insurance premium rates by 22% on average.
  • Speeding tickets at least 30mph over the speed limit - This speeding ticket can increase your car insurance premium rates by 30% on average.
  • Not wearing a seatbelt - This traffic violation can increase your auto insurance premium rates by 3% on average.
  • Driving uninsured - This driving offense can increase your car insurance premium rates by 10% on average.
  • Driving without a license - This traffic offense can increase your vehicle insurance rates by 12% on average.
  • Using your phone while driving - This driving violation can increase your car insurance premium rates by 16% on average.
  • Not following stop and yield signs - These moving violations can increase your car insurance premium rates by 20% on average.
  • Tailgating, turning, and passing violations - These traffic violations can increase your auto insurance premium rates by 20% on average.
  • Texting while driving - This moving violation can increase your car insurance premium rates by 23%.
  • Racing on the public road - This traffic offense can increase your car insurance premium rates by 71% on average. At this point, your auto insurance premium rates increase by over $1000 on average.
  • First DUI violation - This traffic offense can increase your auto insurance premium rates by 79% on average. Any more DUIs may result in a license suspension and car insurance cancellation.

What Is The Average Car Insurance Premium After Speeding Tickets?

You never want to test how much over the speed limit you can go because you can be ticketed for even going five miles over the speed limits. 30 miles and over, as you have seen in the previous sections, is when the traffic violation becomes a major one. That’s about a $427 increase.

However, picking out an average car insurance rate for drivers with speeding tickets is difficult because every car insurance company prices its auto insurance policies differently.

After a speeding ticket, a car insurance company can be charging you $1,449 in annual car insurance policy premiums, while another auto insurance company charges $2,239. This highlights the importance of pulling multiple car insurance premium quotes from different car insurance providers when shopping for car insurance if you want to cut the cost to a minimum and save some money.

When Does a Speeding Ticket Affect Your Car Insurance?

The change in car insurance premium rates after a speeding ticket, or any other traffic violation, typically won’t activate until you renew your auto insurance policy.

How Long Does a Speeding Ticket Raise Your Car Insurance Rates?

This is another factor that depends on your auto insurance provider.

A violation like a speeding ticket can stay on your driving record for around three years. So, that’s how long it will be reflected in your auto insurance rates.

More major violations like a DUI can stay on your driving record for up to 10 years, even if it’s your first offense. Of course, the change won’t be reflected until your next policy renewal period.

What if The Speeding Ticket is From Out of Town?

If you were in another state and got a traffic violation like a speeding ticket, then it will still show up on your driving record. When your auto insurance company sees it during your policy renewal, it will be reflected in your rates.

45 states signed what is known as The Driver’s License Compact in order to share information about traffic violations and driving offenses. Even those states that aren’t signed up still share information about their drivers. So, if you have your license suspended in one state, it will surely follow you home.

Do Parking Tickets Affect Car Insurance Rates?

The good news is that parking tickets generally won’t have any effect on your auto insurance rates. That is the case for all non-moving violations. This may vary based on your car insurer, however.

How Can You Lower Your Car Insurance Rates After a Speeding Ticket?

Each car insurance company considers risk in a unique way. As a result, the same traffic offense or driving violation might have a significantly bigger influence on your car insurance premium rates with one car insurance company than it would with another auto insurance provider.

After one minor violation, some car insurance companies may not raise your auto insurance premium rates, but that may not be the case for other car insurance providers. Again, that’s why it’s important to get car insurance premium quotes from multiple auto insurance companies when you’re shopping for a car insurance policy. You may find better car insurance policy rates with someone else. The best you can do with your old auto insurance provider is to avoid any more traffic violations before you become eligible for a car insurance discount or your auto insurance premium rates reduce.

Other things you can do to lower your car insurance rates after a speeding ticket or traffic violation:

  • Raise your car insurance deductible - Paying a higher car insurance deductible in the event of a car insurance claim is a good way to lower your auto insurance premiums. Car insurance deductibles and auto insurance premiums are inversely related, so if one is higher than the other is lower -take advantage of that.
  • Develop stronger credit - Your car insurance company may have looked at your credit score to gauge your car insurance premiums. Not being in debt and making your payments on time is a great way to improve your credit score and, in turn, your auto insurance premiums.
  • Drop unnecessary car insurance coverage - This can especially be the case if you have an older car. Having full car insurance coverage on a car that is over 10 years old may not be worth it, given its age and current value.
  • Check what car insurance discounts you qualify for - See what you can do to qualify for auto insurance discounts your car insurance company offers -like completing a defensive driving course.

Can You Keep Speeding Tickets From Affecting Your Auto Insurance Premium?

If the speeding ticket you received is genuine, it’s all but certain that it will remain on your driving record. The speeding ticket can be contested in court if it was given in error or if you believe it is faulty. Even if your speeding ticket isn’t thrown out, you may be able to have the points added to your drivers license deducted. Of course, a speeding ticket is 100% avoidable. A good place to start is to drive within the speed limits.

Even if you have a driving record with some blemishes, you still need auto insurance, and that’s where Insurance Navy can help.

Call 888-949-6289 or request an SR-22 quote online today. Quotes are offered at no cost to you. Need further assistance? Stop in at one of our conveniently-located storefronts.

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