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Shopping for car insurance with a speeding ticket on your driving record is no joke. Drivers with a speeding ticket are typically charged more for the same coverage they once enjoyed at a lower rate. Here, we've taken the hard work out of the process by comparing companies to find the best high-risk car insurers for drivers who've been nabbed for speeding.
In 2022, State Farm will have been around for 100 years. Rather than rest on its laurels, the company continues to find ways to serve its customers. In addition to financial stability (with an AA++ rating from A.M. Best), State Farm offers highly rated customer service, growing digital access, and multiple discounts on car insurance. In short, State Farm comes as a bit of a surprise. When comparing rates, we found that State Farm routinely gives fintech auto insurance companies a run for their money. Not only are its rates competitive, but State Farm has nearly 100 years of history and full coffers backing up its promises.
State Farm's average annual rate for drivers with a speeding ticket is $2,229.
USAA is known for providing top-notch protection to military members and their families. What some people may not know, though, is that USAA offers things like free accident forgiveness coverage after five years, premiums that almost always beat its competitors, extremely high customer service ratings, and tons of potential policy discounts.
USAA rewards military members with a discounted average premium rate of $1,703, even with a speeding ticket.
Allstate -- another well-known name in auto insurance -- has found innovative ways for drivers to save money. With Allstate's Milewise program, policyholders pay coverage based on the miles they drive. For example, drivers who travel 3,000 miles a year can save up to 61% on their premiums. And unlike many start-up car insurance companies, Allstate offers in-person support from agents across the country. This is one way drivers with a speeding ticket on their record can land personalized service with a dedicated agent.
Allstate's average annual rate for a driver with a speeding ticket is $2,785.
Whether they have a speeding ticket or not, policyholders with Farmers have the opportunity to choose their own coverage. Once a driver's basic coverage needs are met, upgrades are plentiful. For example, there's coverage for spare parts, accident forgiveness, customized equipment, rideshare, rental car reimbursement, towing and roadside service, and more. Farmers is great for drivers who want to pick and choose the coverage that will help them rest easiest at night.
A driver with a speeding ticket can expect to pay somewhere around $2,644 annually for a policy with Farmers.
Progressive's "Name Your Price" tool allows drivers to see how much coverage they can afford before buying. Once a driver specifies a budget, the company displays how much coverage they can afford. The Name Your Price tool gives drivers a chance to adjust their budget until they find the precise level of coverage they require at a price they can afford.
Progressive's average annual rate for a driver with a speeding ticket is $2,275.
For cheap car insurance, there's no company in the market quite like Geico. Not only does Geico provide online quotes in minutes, but if a driver likes the quote, they can purchase a policy from the comfort of home. Geico is well-known for its easy accessibility and high J.D. Power ranking for customer service.
The average annual rate for a Geico policy for drivers with a single speeding ticket is $1,847.
Every licensed driver has a driving record. When a driver gets a speeding ticket, points are added to their record. Having too many points can lead to suspension. The number of points a driver receives for a speeding violation depends on the state and how fast they were driving. The length of time points remain on a driver's record also depends on the state.
Insurance rates are all about risk. For example, even the best car insurance companies for teens charge a higher rate for young drivers, due to the odds of a young driver getting into an accident. Since a speeding ticket indicates the driver engaged in risky behavior, they're considered a greater risk to insure. Also, auto insurance data indicates that a driver with one ticket is likely to receive multiple tickets in the future.
How much a driver's rate increases depends on several factors, including how fast the driver was speeding. For example, drivers ticketed for speeding up to 15 mph over the speed limit are likely to experience an auto insurance increase of 21%. Those caught driving 16 mph to 30 mph over the speed limit can plan on paying 28% more for their policy, and anyone caught driving 30 mph over the posted limit will pay an average of 29% more.
If a driver picks up too many tickets, the insurer may refuse to renew their policy when it's up for renewal.
The following table shows the average rates a driver can expect to pay for auto insurance following a speeding ticket. These are rough averages. The amount a person pays depends on factors like how fast they were driving, where they were when they were pulled over, and the state in which they were caught speeding.
|Clean Driving Record||1 Ticket on Driving Record|
|State||Car Insurance Cost with 1 Speeding Ticket|
There are steps a driver can take to reduce the impact of a speeding ticket on their premiums. They include:
Whether a driver is looking for comprehensive or minimum coverage, it pays to shop around. Each insurance company rates violations like speeding in a slightly different way and finding affordable car insurance depends on being willing to shop and compare rates. Fortunately, this list provides a great starting point.
|Offer||Best For||Next Steps|
|Great For: Best for customer service|
|Great For: Best for members of the military and their families|
|Great For: Best for those who don't drive often|
|Great For: Best for drivers looking to customize their coverage|
|Great For: Best for drivers who want to name their own price|
|Great For: Best for forgiving rates|
You don't have to, but your insurer will find out anyway -- either by checking your Motor Vehicle Record (MVR) or the Comprehensive Loss Underwriting Exchange report (C.L.U.E.) when it comes time to renew the policy. The insurer won't increase the premium until the auto policy renews. Say a driver has three months left on a 12-month policy. The rate will remain the same for three months. It's when the policy renews that the increase comes into play.
A speeding ticket will remain on a driver's car insurance record for a minimum of three years. In some states, and with some insurance companies, it stays on record for up to five years.
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