How Much Does Insurance Go Up After a Speeding Ticket?

As a driver, speeding tickets can cost you in more than one way.  Not only do you have to pay the ticket, it goes on your driving record and can cause an increase in your car insurance premium.  Auto insurance companies tend to consider the speeding tickets that you received when calculating your rate for between one and three years.  Thus, to get the best rates on car insurance, you should try to keep your driving record clean.  However, if you do receive a speeding ticket, you should know that not all car insurance companies penalize you the same amount.  Some car insurance companies still offer cheap rates to drivers with a speeding ticket. Here are some of the best cheap car insurance companies for drivers with a speeding ticket.

Winners For Best Cheap Insurance For Drivers with a Speeding Ticket:

  • Erie
  • USAA
  • Geico
  • American Family
  • Nationwide

Who Offers the Best Rates for Drivers with a Speeding Ticket?

Here is a list of the average annual premiums after a speeding ticket for major auto insurance companies.

InsurerAvg. Annual Rates after Speeding TicketAvg. Monthly Rates after Speeding Ticket
State Farm$1,968$164
21st Century$1,768$147
American Family$1,260$105
Liberty Mutual$2,052$171

*It is important to note that the premiums above do not take into account your age, location, overall driving record, coverage options, vehicle type, gender, marital status, credit score, and other factors that could affect your car insurance rate.  Therefore, the average annual rates for a person who has a speeding ticket listed above may not be the rates that you will receive.

As you can see, Erie, USAA, American Family, Geico, Mercury and Nationwide all offer the best rates for a person who has received a speeding ticket.  These companies typically offer the lowest rates overall; therefore, even with an increase in the rate due to a speeding ticket, these companies still have the best rates.  However, these auto insurance companies do not insure everyone. USAA only insures current and former members of the military and their families. Erie only offers insurance in 11 states.  American Family only offers insurance in 19 states. Mercury also only provides auto insurance in 11 states. Thus, Geico and Nationwide may be the best options for most people with speeding tickets.

If you live in one of the states that Erie, American Family or Mercury offers insurance, you may want to consider one of these auto insurance companies.  This is especially true for Erie insurance which is known for both excellent rates and excellent customer service. Erie auto insurance is available in Illinois, Indiana, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin as well as Washington D.C.  American Family is available in the following 19 states: Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, Washington, and Wisconsin. Furthermore, Mercury insurance is available in the following 11 states:  New York, New Jersey, Virginia, Georgia, Florida, Illinois, Oklahoma, Texas, Arizona, Nevada, and California.

Claims Satisfaction Rating For The Companies Offering The Best Rates After a Speeding Ticket

An auto insurance company’s claims satisfaction rating is extremely important.  The primary purpose of having auto insurance is so that your insurance company will be there for you if you need to file a claim.  Every year, J.D. Power surveys 10,000 consumers who have filed an auto claim in the past six months. Auto insurance companies are then ranked on a 1000-point scale based on the results of the survey.  Here is a glimpse of how each of the insurance companies with the best rates after a speeding ticket stacked up:

  • USAA – 903/1000
  • Erie – 891/1000
  • Industry Average – 861/1000
  • Nationwide – 858/1000
  • Geico – 857/1000
  • American Family – 853/1000
  • Mercury – 821/1000

Some auto insurance companies that offer good rates for people with a speeding ticket still have a high claims satisfaction rating.  USAA only insures people affiliated with the military and Erie has a limited service area. Therefore, Nationwide and Geico may be the frontrunners for most people when it comes to auto insurance companies that insure people with speeding tickets.  American Family is slightly under the industry average. Mercury’s claims satisfaction rating, however, may be a cause for concern.

What if You Have Too Many Speeding Tickets?

When you receive your first speeding ticket, that is a sign that you need to slow down.  Receiving too many speeding tickets in a short period of time can result in you being classified as a high-risk driver.  If you are classified as a high-risk driver your auto insurance company may increase your rates significantly. In fact, some auto insurance companies may cancel your auto insurance policy altogether.  Thus, you want to receive as few speeding tickets as possible if you are worried about your auto insurance rates.

If you do, however, have a number of speeding tickets, some auto insurance companies do specialize in insuring high-risk drivers.  Auto insurance companies that you may want to consider include Geico, Progressive, Bristol West, and The General.  Claims satisfaction ratings for Bristol West and The General are lower than traditional auto insurance companies. Thus, these auto insurance companies should only be considered if you have trouble obtaining auto insurance elsewhere.

A Final Word

The bottom line is that a speeding ticket can raise your auto insurance rates for the next few years.  Therefore, you should drive safely and do your best to avoid a speeding ticket. If you do receive a speeding ticket, consider taking a state approved driving course to avoid getting points added to your driving record.  This can help to keep your auto insurance rate from increasing. Additionally, keep in mind that some quality auto insurance companies are still willing to offer good rates to people with speeding tickets. These companies include Erie, USAA, American Family, Nationwide and Geico.


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