Automobile

How Long Does a Speeding Ticket Affect Your Insurance?

Sometimes even the most careful motorists drive over the speed limit for one reason or another, resulting in a speeding ticket. Unfortunately, a speeding ticket can cause an increase in insurance rates. How long does a speeding ticket affect your insurance? That depends on your provider, the state you live in, and other factors.

How Long Can a Speeding Ticket Remain on Your Car Insurance Record?

According to The Zebra, you can typically expect a speeding ticket to remain on your car insurance record for at least three years. Depending on your provider and the state you live in, it might stay on your record for up to five years. On average, a speeding ticket can cause a rate increase of $460 a year. For a three-year period, that adds up to $1380 in additional car insurance costs.

Rate Increases by Speeding Ticket Severity

Before your insurance company raises your rates, they’ll usually take into account the severity of the speeding ticket. If you exceed the speed limit by 6 to 10 mph, you won’t face as steep an increase as a driver who exceeds the speed limit by 20 mph. The Zebra surveyed leading providers to see how much they charge, on average, for a speeding ticket over three years. If you get a speeding ticket for driving 6 to 10 mph over the speed limit, here’s what you can expect to pay, depending on your provider:

  • Allstate: $2250/$2612/$2983
  • Farmers: $1932/$2339/$2746
  • GEICO: $1515/$1755/$1994
  • Liberty Mutual: $1994/$2341/$2688
  • Nationwide: $1721/$2095/$2470
  • Progressive: $2062/$2520/$2978
  • State Farm: $1469/$1624/$1779
  • USAA: $1096/$1244/$1392

    Here are the average rates you’ll pay over three years for driving 11 to 15 mph over the speed limits:

    • Allstate: $2280/$2673/$3065
    • Farmers: $1932/$2339/$2746
    • GEICO: $1516/$1757/$1998
    • Liberty Mutual: $1994/$2341/$2688
    • Nationwide: $1728/$2108/$2489
    • Progressive: $2067/$2530/$2993
    • State Farm: $1476/$1638/$1800
    • USAA: $1096/$1244/$1392

      The Zebra reports the following rates over three years if you receive a ticket for driving 16 to 20 mph over the speeding limit:

      • Allstate: $2322/$2755/$3189
      • Farmers: $1952/$2378/$2804
      • GEICO: $1580/$1884/$2187
      • Liberty Mutual: $2014/$2380/$2747
      • Nationwide: $1728/$2108/$2489
      • Progressive: $2072/$2541/$3010
      • State Farm: $1490/$1667/$1844
      • USAA: $1096/$1244/$1392

        If you get a speeding ticket for driving 21 to 25 mph, here’s what you can expect to pay over three years, depending on the provider:

        • Allstate: $2322/$2755/$3189
        • Farmers: $1952/$2378/$2804
        • GEICO: $1843/$2410/$2977
        • Liberty Mutual: $2134/$2622/$3109
        • Nationwide: $1728/$2108/$2489
        • Progressive: $2072/$2541/$3010
        • State Farm: $1490/$1667/$1844
        • USAA: $1096/$1244/$1392

          Speeding in a school zone can trigger a significant rate increase for each year that ticket stays on your insurance record, even if it’s just a few miles over the speed limit. Here’s what you can expect to pay if you get a ticket for speeding in a school zone:

          • Allstate: $2250/$2612/$2793
          • Farmers: $2036/$2547/$3058
          • GEICO: $1542/$1809/$2075
          • Liberty Mutual: $1994/$2341/$2688
          • Nationwide: $1721/$2095/$2470
          • Progressive: $2067/$2531/$2994
          • State Farm: $1474/$1635/$1796
          • USAA: $1096/$1244/$1392

            Why Do Insurance Rates Increase After a Speeding Ticket?

            As IDriveSafely notes, when you get a citation for speeding, it indicates that you’re engaging in risky driving habits that could result in an accident, making you a greater risk to insure. Plus, industry data shows that after drivers receive one ticket, they’re likely to receive multiple tickets in the future. Your insurance provider will raise your rates to make up for the added risk of insuring your vehicle. Keep in mind that if you receive too many tickets, whether for speeding or other violations, your provider may refuse you coverage when your policy is up for renewal.

            Contesting a Speeding Ticket

            Typically, you have three options after receiving a speeding ticket. According to Forbes, those options are:

            • Paying the Ticket: The fine you’ll have to pay for speeding depends on what state you live in and how many miles over the speed limit you’re traveling when you receive the ticket. Paying the ticket is an admission of guilt and will result in points on your driver’s license and an increase in insurance rates.
            • Contesting the Ticket: When you receive a speeding ticket, you’ll notice that it includes instructions for how to contest the ticket. If you successfully contest the ticket, you won’t receive points on your license, and your car insurance won’t go up.
            • Ignoring the Ticket: If you refuse to pay the ticket or contest it within a designated timeframe, you’ll probably receive a default notice indicating that you have to pay additional fees. Continuing to ignore the ticket can result in the state suspending or revoking your license, which insurance companies do not view favorably.

              How to Save on Car Insurance After a Speeding Ticket

              Even if a speeding ticket results in a rate increase, there are steps you can take to reduce your car insurance costs. Bankrate suggests you do the following:

              • Ask for discounts. While a speeding ticket means you probably won’t qualify for any safe driver discounts, there are other discounts you may be eligible for. If you haven’t already, consider bundling your home owner’s insurance with the company that provides your car insurance to receive a bundling discount. You’ll also see significant savings if you add all of your household’s vehicles to the same policy. Many providers will offer a discount for using the automatic payments feature. If you have a teen driver on your policy they can qualify for a discount by maintaining a 3.0 GPA or higher.
              • Drive Safely: Even though you’ve already received a speeding ticket, it isn’t too late to start driving safely. If you refrain from receiving any more tickets within three years of your first ticket, your provider will likely be more willing to reduce your rates.
              • Shop Around: Because every insurance company has its own rating system, a different provider might be able to offer you lower rates, even after factoring in recent speeding tickets.

                Now that you know how long a speeding ticket can affect your insurance rates, you can take the necessary steps to save money while getting excellent coverage.

                Check this out if you need additional information, resources, or guidance on car insurance.

                Sources:

                For How Long Does a Ticket Impact Your Car Insurance? | thezebra.com

                How Do Speeding Tickets Affect Your Insurance? | idrivesafely.com

                How Much Do Car Insurance Rates Go Up After a Speeding Ticket? | forbes.com

                How Long Does a Speeding Ticket Stay on Your Record? | bankrate.com

                Cheap Car Insurance With Tickets: What You Need To Know | caranddriver.com

                How to Get a Discount on Car Insurance: Everything You Need To Know | caranddriver.com

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