The Cheapest Car Insurance for Drivers With a Speeding Ticket in 2023

Many factors influence what you pay for auto insurance, but your driving history carries the most weight. Speeding puts everyone on the road at risk and contributes to a third of all auto accidents, according to the National Highway Safety Administration (NHTSA). So receiving even one speeding ticket can cause your insurance company to see you as a high-risk driver and increase your rates.

The national average car insurance rate for all drivers is $129 per month, but this increases to $171 per month for drivers with a speeding ticket on their record, according to Compare.com data.

You can find affordable rates with GEICO, Erie, and State Farm. These insurers offer the lowest rates on average — under $100 per month — for drivers with speeding tickets on their record. Read on to learn more about getting cheaper auto insurance after a speeding ticket.

Key Takeaways:

• Penalties for speeding tickets include a potential 37% premium increase and points on your driving record.
• GEICO offers the cheapest average rates for drivers with a speeding ticket, at just $87 per month.
• Drivers with speeding tickets in Maine, New Hampshire, and South Dakota pay the lowest statewide average rates.

7 Cheapest Car Insurance Companies for Drivers With a Speeding Ticket

Insurers look at several rating factors — including age, driving record, and credit history — when setting policy rates, but each company weighs these factors differently. So, a good way to save money after a speeding ticket is by getting quotes from multiple companies.

Let’s examine which companies offer the cheapest car insurance for drivers with one speeding ticket.

GEICO is the cheapest option for drivers with a speeding ticket on their record. The insurance giant is known for offering its customers a wide variety of discounts, which could contribute to these low rates.

Erie and State Farm are also affordable options, with average monthly rates below $100.

1. GEICO

Drivers with a speeding ticket pay an average monthly rate of $87 with GEICO. You can sign up for a free quote on the company’s website, and if you’re happy with your offer, you can purchase a policy online.

GEICO offers numerous ways to save on car insurance. For example, you can save by choosing a vehicle with certain safety features or enrolling in a defensive driving course.

Pros:

• Purchase policies online
• Above-average J.D. Power score

Cons:

• Rideshare insurance not available
• Drivers with a history of DUIs may pay higher rates

2. Erie

Erie has an average monthly rate of $96 for drivers with a speeding ticket. The company received an A+ rating from AM Best, which reflects its superior financial strength and ability to pay its claims.

Erie offers roadside assistance, rental car coverage, and locksmith services, so you’ll have the coverage you need if an emergency arises. But Erie is only offered in 12 states and the District of Columbia, so it’s not available for everyone.

Pros:

• Superior AM Best rating
• Robust emergency services coverage

Cons:

• Not available nationwide
• Must purchase a policy through an insurance agent

3. State Farm

State Farm has an average monthly rate of $99 for drivers with a speeding ticket. The insurance giant provides coverage options that many insurers don’t offer, including rideshare insurance and coverage for classic and antique vehicles.

State Farm consistently receives high ratings for customer service, but the company doesn’t offer gap insurance, which covers the difference between what your vehicle is worth and what you still owe on it if its totaled.

Pros:

• Wide variety of available coverage options
• High customer satisfaction ratings

Cons:

• Gap insurance not available
• Must purchase a policy through an insurance agent

4. Auto-Owners

Drivers with a speeding ticket pay an average monthly rate of $103 with Auto-Owners. The company offers numerous benefits for drivers after an accident, such as a purchase price guarantee, rental car coverage, and gap insurance.

But Auto-Owners is only available in 26 states, so it isn’t an option for many U.S. customers. And the company received a below-average J.D. Power score for overall customer satisfaction.

Pros:

• Wide selection of available discounts
• Good option for drivers after an accident

Cons:

• Only available in 26 states
• Below-average J.D. Power score

5. American Family

American Family drivers pay an average monthly rate of $117 after a speeding ticket. The company receives high customer satisfaction ratings and offers a large selection of coverages and discounts.

For example, low-mileage drivers can save by using American Family’s usage-based program. But American Family isn’t available in all 50 states, and you may find lower rates with another insurer.

Pros:

• Above-average J.D. Power score
• Wide variety of coverages and discounts

Cons:

• Only available in 19 states
• May find lower rates with other insurers

6. Progressive

With Progressive, drivers with a speeding ticket pay an average monthly rate of $142. The company offers numerous coverage options, like gap insurance and trip interruption coverage.

And Progressive’s Name Your Price tool helps you find personalized coverage that fits your budget. But even considering Progressive’s discounts, it still tends to be more expensive than some other insurers.

Pros:

• Numerous coverage options and discounts
• Gap insurance available

Cons:

• Below-average J.D. Power score
• More expensive than other insurers

7. Chubb

Like Progressive, Chubb has an average monthly rate of $142 for drivers after a speeding ticket. However, since Chubb focuses on servicing “preferred” customers, it doesn’t necessarily try to offer the lowest rate.

Chubb is a good option for drivers with high-value cars who want to insure them for their actual value. You can determine the value of your vehicle up front, and it’s guaranteed if you get in an accident.

Pros:

• Good coverage options for high-end customers
• Classic car insurance available

Cons:

• Not available in all 50 states
• More expensive than other insurers

How Does a Speeding Ticket Affect Car Insurance Rates?

A speeding ticket is considered a moving violation, and, in most states, receiving a speeding ticket will result in demerit points. Receiving too many demerit points could cause you to lose your license.

A speeding ticket can also cause your car insurance rates to go up — the average driver experiences a 37% rate increase after one speeding ticket, according to Compare.com data. The average monthly cost of car insurance for a clean driving record is $109, but it’s $137 for someone after a speeding ticket.

The exact amount your rates increase will depend on your state, your insurance company, how many miles you drove above the speed limit, and whether it’s your first offense.

The following table compares the average rates for drivers with a clean record and drivers with one speeding ticket at the five largest insurance companies in the U.S.

On average, GEICO is the cheapest option for drivers with a clean record and drivers with one speeding ticket. State Farm is another affordable choice, and its rate increase for drivers with one speeding ticket is relatively low. Allstate also had a lower-than-average rate increase, but it charges some of the highest rates overall.

Cheapest Car Insurance for Drivers With a Speeding Ticket by State

Your state significantly affects how much you pay for auto insurance. Each state regulates car insurance differently, so every state has its own minimum coverage requirements. Insurance rates can also vary depending on the average cost of repairs, the number of claims, and the frequency of lawsuits in your state.

The table below breaks down each state’s average rate for drivers with a speeding ticket and the cheapest car insurance company for ticketed drivers.

GEICO is the cheapest option in 24 states, which is fairly consistent with the national data. State Farm is the least expensive company in 11 states.

Maine, New Hampshire, and Vermont are the only states where the average driver with a ticket pays less than $100 per month for car insurance.

5 Ways to Lower Your Auto Insurance If You Have a Speeding Ticket

Here are five steps you can take to save on your insurance following a speeding ticket.

1. Take a defensive driving course

Many insurers — including GEICO and State Farm — offer a discount for taking a defensive driving course. Taking this course demonstrates your commitment to learning and practicing safe driving behaviors. The exact eligibility requirements will vary depending on your state.

2. Look for discounts

Another good way to find the best car insurance is by taking advantage of discounts. For example, you could earn a discount for demonstrating safe driving behaviors, paying your yearly premium in full, or bundling your policies. You can talk to your insurer about which discounts you may qualify for.

3. Adjust coverage limits

If your vehicle is paid off or over 10 years old, you might save money by switching to liability-only insurance. Even if that’s not an option, it’s still a good idea to re-evaluate your policy often to see whether you’re paying for coverage you no longer need.

4. Raise your deductible

When you file a claim with your insurance company, you’ll pay an out-of-pocket deductible before your coverage kicks in. The higher your deductible, the lower your monthly premiums will be. But make sure you’re realistic about what you can afford to pay if you have to file a claim.

5. Compare quotes

No two insurance companies offer the exact same coverage, so it’s important to shop around and compare car insurance quotes from multiple insurers. Ask for policy quotes from at least three companies, and see which offers the lowest rates and best coverage.

Car Insurance After a Speeding Ticket FAQs

Receiving a speeding ticket doesn’t prevent you from finding lower car insurance rates. Here are answers to some commonly asked questions about buying car insurance after a speeding ticket.

Should you tell your insurance company about a speeding ticket?

You don’t have to tell your insurer about a speeding ticket, but your insurance company will find out about it. It’s a good idea to ask your insurer if you’re required to declare a speeding ticket.

Does your first speeding ticket affect your car insurance rates?

Yes. Your first speeding ticket can increase your insurance rates by more than 35%. But the exact amount you pay will vary based on your location, your insurance company, and how many miles over the speed limit you drove.

Is a speeding ticket a moving violation?

Yes. A speeding ticket is a moving violation. In general, non-moving violations involve stationary cars. Moving violations tend to affect your driving record more severely than non-moving violations, and they will usually result in an increase in your auto insurance rates.

How do insurers check your driving history?

Insurance companies check your driving history by pulling your motor vehicle report (MVR), which is typically accessed through your state’s department of motor vehicles (DMV).

How long will a speeding ticket remain on your record?

Your state determines how long a speeding ticket stays on your record. For example, a speeding ticket can remain on your record for up to three years after conviction in Missouri.

Methodology

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance rates from more than 75 partner insurance providers in order to compile the quotes and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the quotes listed in this article have been gathered from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide drivers with insight into how auto insurance companies determine their premiums.

Sources

1. National Highway Traffic Safety Administration, “Speeding and Aggressive Driving,” Accessed November 10, 2023.
2. J.D. Power, “Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds,” Accessed November 10, 2023.
3. AM Best, “AM Best Affirms Credit Ratings of Erie Insurance Group’s Members and Erie Family Life Insurance Company,” Accessed November 10, 2023.
4. J.D. Power, “Auto Insurance Shopping and Switch Rates Reach New Highs as Premiums Surge, J.D. Power Finds,” Accessed November 10, 2023.
5. Insurance Information Institute, “What is gap insurance?,” Accessed November 10, 2023.
6. Nolo, “Traffic Fines, License Suspensions, and Traffic School,” Accessed November 10, 2023.
7. Insurance Information Institute, “Regulation,” Accessed November 10, 2023.
8. Insurance Information Institute, “How to save money on car insurance,” Accessed November 10, 2023.
9. Insurance Information Institute, “Nine ways to lower your auto insurance costs,” Accessed November 10, 2023.
10. Missouri Department of Revenue, “Tickets and Points,” Accessed November 10, 2023.