Best Cheap Car Insurance After a Speeding Ticket 2024


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State Farm stands out as both the best and cheapest option for drivers with a speeding ticket, offering competitive rates and strong customer service. Nationwide is another top choice, scoring fairly well for customer service. Compared to other providers like Progressive and Travelers, State Farm and Allstate are more lenient in terms of rate increases after a speeding ticket.

A speeding ticket can affect your insurance premiums for about three to five years, but shopping around, taking advantage of discounts and enrolling in a defensive driving course are some ways to mitigate rate increases. Switching insurance providers is also possible even if you have a speeding ticket.

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2024

Best Cheap Car Insurance After a Speeding Ticket 2023

Key Takeaways

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State Farm and Nationwide are the best cheap car insurance providers for drivers with a speeding ticket, offering high quality service and affordable rates.

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A speeding ticket can increase your insurance premiums by 18% to 30%, depending on the provider. State Farm and Allstate are generally more lenient, while Progressive and Travelers tend to hike up rates more significantly.

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There are multiple ways to mitigate the impact of a speeding ticket on your insurance rates, such as shopping around for quotes, taking advantage of various discounts and enrolling in a defensive driving course.

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Cheapest Car Insurance After a Speeding Ticket

State Farm and Nationwide offer the cheapest car insurance rates for drivers with speeding tickets:

  • State Farm: $1,439 per year, $120 per month
  • Nationwide: $1,537 per year, $128 per month

Some insurance companies may overlook your first minor violation, especially if you've maintained a good driving record up to that point. In such cases, you may not see an increase in your insurance premiums.

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MoneyGeek Top Pick
State Farm

Average Yearly Rate After a Speeding Ticket: $1,439

State Farm often has affordable rates, even if you have a speeding ticket. According to MoneyGeek's review, its rates are usually below average for all types of drivers. It serves all 50 states, so it's easy for anyone to get affordable coverage, no matter their driving history. Plus, State Farm offers lots of discounts to help you save even more.

Read MoneyGeek’s State Farm review.

The table below includes a selection of car insurance providers specifically geared toward drivers with a speeding ticket violation. These companies are organized from the cheapest to the most expensive. You can easily navigate the table to find an affordable option that aligns with the type of speeding ticket you have and your preferred coverage level.

Data filtered by:Results filtered by:
Speeding Ticket Violation:
Speeding Ticket Violation:Speeding 11-15 MPH > Limit
State Farm$1,439$120
Nationwide$1,537$128
GEICO$1,711$143
Travelers$1,742$145
Allstate$1,804$150
Farmers$1,904$159
Progressive$2,053$171

Best Car Insurance After a Speeding Ticket

State Farm and Nationwide offer the best car insurance for drivers with a speeding ticket:

  • State Farm: MoneyGeek score of 97 out of 100 ($120 monthly)
  • Nationwide: MoneyGeek score of 97 out of 100 ($128 monthly)

Having a speeding ticket violation can significantly impact your insurance rates. Finding the best car insurance provider becomes crucial to balance cost and coverage. The right insurer can offer competitive premiums and quality service, helping you navigate the financial implications of a speeding violation.


1
State Farm
Score:81

3.3/5

Affordability

4/5

Claims Ratings

5/5

Discounts

3/5

User Satisfaction

5/5

Financial Stability

More About State Farm

Average Yearly Rate After a Speeding Ticket: $1,439

State Farm is the best provider for drivers with a speeding ticket on their record. State Farm doesn't hike up rates as much as some other providers if you have a violation on your driving record. You'll also still qualify for many of its car insurance discounts.

Beyond auto insurance, State Farm offers a range of other policies like homeowners, life, renters and condo insurance, allowing you to bundle and save even more. It also provides valuable add-ons such as rideshare insurance and rental and travel expense coverage, which can cover an unexpected hotel stay if your car breaks down during a trip.

Read MoneyGeek's State Farm auto Insurance Review
2
Nationwide
Score:66

2.6/5

Affordability

4.5/5

Claims Ratings

2/5

Discounts

3/5

User Satisfaction

4.5/5

Financial Stability

More About Nationwide

Average Yearly Rate After a Speeding Ticket: $1,537

For drivers with a speeding ticket violation, Nationwide stands out as one of the best options for auto insurance. While speeding tickets often result in higher insurance premiums, Nationwide offers competitive rates. The company is not just about affordability; it's also known for its excellent customer service and efficient claims handling. Nationwide provides a range of discounts and coverage options, allowing drivers to customize their policies to better suit their individual circumstances. In summary, Nationwide offers a well-rounded package of cost-effective and reliable insurance coverage, making it a strong option for drivers with speeding violations.

Read MoneyGeek's Nationwide auto Insurance Review

The table below provides a list of car insurance companies tailored to drivers with a speeding ticket violation. These companies are ranked based on MoneyGeek's scoring system. You can navigate the table to find options that align with the type of speeding ticket you have and your preferred coverage level.

Data filtered by:Results filtered by:
Speeding Ticket Violation:
Speeding Ticket Violation:Speeding 11-15 MPH > Limit
State Farm97$1,439$120
Nationwide97$1,537$128
Travelers97$1,742$145
GEICO96$1,711$143
Allstate96$1,804$150
Farmers96$1,904$159
Progressive95$2,053$171

Cheapest Car Insurance After Multiple Speeding Tickets

State Farm and Nationwide offer the cheapest car insurance rates for drivers with multiple speeding tickets:

  • State Farm: $1,638 per year, $136 per month
  • Nationwide: $1,918 per year, $160 per month

The severity of your violation and the number of points on your driving record can significantly impact your insurance rates. If insurers notice multiple tickets or a rapid accumulation of points, they may categorize you as a high-risk driver. As a result, you could face higher premiums for the same level of coverage.

State Farm$1,638$136
Nationwide$1,918$160
Allstate$2,002$167
Farmers$2,312$193
Travelers$2,335$195
Progressive$2,370$197
GEICO$2,588$216

Cheapest Car Insurance for Military Drivers With Speeding Tickets

While USAA offers the cheapest car insurance rates for military drivers with speeding tickets, State Farm has the next-cheapest premium on the market:

  • USAA: $1,196 per year, $100 per month
  • State Farm: $1,439 per year, $120 per month

The table below shows average car insurance premiums for military drivers with different speeding tickets.

Data filtered by:Results filtered by:
Speeding Ticket Violation:
Speeding Ticket Violation:Speeding 11-15 MPH > Limit
USAA$1,196$100
State Farm$1,439$120
Nationwide$1,537$128
GEICO$1,711$143
Travelers$1,742$145
Allstate$1,804$150
Farmers$1,904$159
Progressive$2,053$171

How a Speeding Ticket Affects Car Insurance

You may see an increase of anywhere between 18% and 30% on an average car insurance premium if you have a speeding ticket on your record.

  • Allstate and State Farm are generally more lenient, raising your rates by about 18% and 19%, respectively, after your first speeding ticket.
  • Progressive and Travelers are less forgiving, hiking your premiums by a steeper 29% and 30%, respectively, following your first speeding offense.
Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
State Farm$980$1,21019%
GEICO$990$1,37228%
Allstate$1,185$1,45218%
Nationwide$1,098$1,52628%
Progressive$1,185$1,67229%
Travelers$1,224$1,74430%
Farmers$1,421$1,83022%
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HOW LONG WILL A SPEEDING TICKET RAISE CAR INSURANCE PREMIUMS?

A moving violation like a speeding ticket generally lingers on your driving record for about three to five years, subject to state laws. The upside is that if you avoid racking up more points, you can expect a yearly reduction in your insurance premiums. Once the ticket is cleared from your record and your driving record is clean again, you're in a strong position to secure better rates.

If concerns about a speeding violation are making you anxious about your upcoming policy renewal, take a look at the rate comparisons we've included in our studies. These will give you an idea of how different insurers adjust rates after a violation. If you're worried that your current insurance will become too costly, MoneyGeek's car insurance calculator is a useful tool that can help you identify an insurance provider that aligns with your budget.

How to Save on Car Insurance After a Speeding Ticket

Car insurance companies vary in how they handle drivers with speeding tickets, so it's beneficial to shop around and compare quotes from multiple providers. Several strategies to mitigate the impact of a speeding ticket on your insurance rates include taking advantage of discounts, enrolling in a defensive driving course, adjusting your coverage or focusing on maintaining a clean driving record going forward.

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    Shop around

    Different car insurance companies use different pricing models, and some are more lenient toward drivers with speeding tickets. If your current provider is known for penalizing drivers with infractions, compare quotes from at least three different companies before your policy renewal — when your violation is most likely to be noticed. Remember, you can switch car insurance companies even before your current policy expires.

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    Take advantage of discounts

    While you might lose eligibility for safe driver discounts, there are other ways to save that aren't tied to your driving history. For instance, in New York, completing an accident prevention course earns you a legally mandated discount. Additionally, the best home and auto bundle policies can significantly reduce your premiums, even after a speeding ticket.

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    Enroll in a defensive driving course

    Completing a defensive driving course can still earn you a discount. In some states, an accredited course might even remove the speeding violation from your record.

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    Lower your coverage

    If staying with your current provider is important but the increased premiums are a concern, consider adjusting your coverage. For older cars, liability-only coverage might be sufficient.

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    Drive safely

    Some insurance companies may not increase your premiums for a minor violation, especially if you've been a responsible driver up to that point. Your best course of action now is to focus on safe driving to avoid accumulating more points on your record.

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DO CAR INSURANCE COMPANIES OFFER TICKET FORGIVENESS?

Most car insurance companies focus on "accident forgiveness," which typically only covers at-fault accidents, not speeding tickets. However, there are exceptions. For example, Travelers offers minor violation forgiveness through its Responsible Driver Plan. Similarly, Farmers may overlook your first minor violation if you've been a policyholder for at least six months.

Frequently Asked Questions

Whether you're wondering how a speeding ticket affects your premium or seeking the most affordable options, this FAQ section can help you find the answers you're looking for.

How long does a speeding ticket affect my car insurance rates?
Can I switch car insurance companies if I have a speeding ticket?
Are there discounts available to offset the rate increase after a speeding ticket?
Does accident forgiveness cover speeding tickets?
Can a defensive driving course remove a speeding ticket from my record?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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