Call Us Toll Free: 1-855-430-7753

Q&A

Over 10,000 questions asked & answered

 
Hi Penny!

Answering your CarInsurance.com questions since 2005

Q

I just got a speeding ticket. How much will it affect my auto insurance premium?


A

If it’s your first ticket, you might not see any change in your rates. Unfortunately, the state matters, and so do other factors, making it difficult for us to give a blanket answer. We will tell you what we know.

Some states have laws governing when and why auto insurers can change policyholders' premiums; often, insurers are not allowed to raise your rates after just one speeding ticket or other citation.

For instance, New York’s Department of Insurance notes that surcharges aren’t permitted if you have a single minor moving violation – other than a few that specifically allow surcharges for, which include:

  • Speeding more than 15 mph over the speed limit
  • Driving while intoxicated or impaired by drugs or alcohol
  • Operating a vehicle while attempting to avoid apprehension by law enforcement officers
  • Leaving the scene of an accident without reporting it (hit-and-run)
  • Operating a vehicle in a race or speed test
  • Driving without a license or knowingly allowing an unlicensed individual to drive your car

[Let CarInsurance.com help you find affordable auto insurance now.]

If you live in a state that doesn’t allow an insurer to rate you on just one minor moving violation, you shouldn’t see a rate hike after one speeding ticket.  If this is your second speeding ticket (or moving violation) within the last three years (some insurers look back five), then it’s much more likely your rates would go up because now you are showing a pattern of risky driving behavior.  Remember, your driving record is a major rating factor

In other states, it’s let up to the individual auto insurance companies to determine if they will surcharge for the first minor traffic violation.  (See “What a traffic ticket can truly cost you”) 

Or, if you live in North Carolina the insurance regulator sets up the surcharge schedule with the state’s safe driver incentive plan (SDIP). 

In North Carolina, a first violation for speeding 10 mph or less it can be forgiven, if it didn’t occur in a school zone.  Other speeding offenses are listed as resulting in one, two, or four SDIP points. One point equals a 30 percent increase in rates, two points mean a 45 percent increase, and four points lead to a whopping 80 percent increase.

In most states, different companies have different practices when it comes to raising premiums. Some auto insurance companies will consider the severity of your violation and raise your rates accordingly; others will raise rates a specific amount per violation.  How much they raise your rates also vary greatly.  One may raise your rates two percent for a speeding ticket of 5 mph over, while another will raise your premium 10 percent.

Because there are too many factors to simply say it will be $50 more a year, here is a real-life example:

  • According to our Automotive Misery Index, the average California auto insurance policy costs $1,747 a year.
  • If you have a clean driving record, then most California companies offer a discount. That discount is typically a 25 percent savings ($437). So, using these averages, a driver with a clean driving record is paying $1,310 a year for car insurance.
  • One speeding ticket could remove that discount and increase your rate by 10 percent.  That is a $611 increase a year, or $1,833 over three years (companies usually surcharge for three to five years).

The good news about having a ticket on your record is that with your current auto insurance company it won’t affect your rates until they next time they check your driving record, which likely will be at your next renewal.  If you want to know in advance how much your surcharge is likely to be, ask your auto insurer for a copy of their surcharge schedule.

If your rates do go up because of being convicted of a speeding offense, shop around for affordable auto insurance quotes.  Insurance companies rating systems vary greatly,  so even if in your state they must surcharge for the ticket, they likely rate on other risk factors differently - - this means by comparison shopping you may save hundreds, if not thousands, on your annual premium.




Comments

Tell us what you think about this answer

Leave a Comment
(required)
(required; won't be published)
 
 
 
15 Responses to "I just got a speeding ticket. How much will it affect my auto insurance premium?"
  1. Anonymous

    thank you

      Reply»  
  2. Anonymous

    VERY NICE

      Reply»  
  3. Anonymous

    I LOVE IT!

      Reply»  
  4. Anonymous

    Got my renewal yesterday. My son, 19, got a speeding ticket and had a previous accident (slid on black ice). My insurance just doubled!! Was paying $404 a month--now it will be around $810 monthly!! About $10,000 a year....dont know how Im going to pay. Guess well have to stop eating.....

      Reply»  
  5. Anonymous

    very specific and simple

      Reply»  
  6. Anonymous

    I appreciate the info, but I have to say that car insurance is a SCAM BY THE MAN. Let me pay you IN CASE something happens. Then when it does, guess what, I have to pay you again!

      Reply»  
  7. Anonymous

    "It depends" answers do not help me

      Reply»  
  8. Anonymous

    Thank you

      Reply»  
  9. Anonymous

    Maybe a rewording of the question might help

      Reply»  
  10. Anonymous

    Give us a real answer! Just vage and ambigous generalities.

      Reply»  
  11. Anonymous

    I was looking for an amount for my state

      Reply»  
  12. Anonymous

    Answered my question perfectly.

      Reply»  
  13. Anonymous

    this question and answer are good for me

      Reply»  
  14. Anonymous

    car insurance sucks. It told me nothing. Extremely bogus. I wanted a dollar amount.

      Reply»  
  15. Anonymous

    It didnt exactly say how much it would cost

      Reply»