Candace Baker, Car Insurance Writer
@candacebaker
GEICO car insurance premiums go up by an average of 53% after a speeding ticket, according to WalletHub’s analysis. GEICO will likely increase your rates when your policy is up for renewal, and these increased rates will typically last for about 3-5 years.
How a Speeding Ticket Affects the Cost of GEICO Insurance by State
| State | Clean Record | Speeding Ticket | Increase |
| California | $462 per year | $705 per year | 53% |
| Texas | $551 per year | $625 per year | 13% |
| Florida | $474 per year | $876 per year | 85% |
| New York | $784 per year | $1,248 per year | 59% |
| Illinois | $341 per year | $464 per year | 36% |
Note: Rates are an approximation based on a 45-year-old driver with minimum coverage. Actual rates will vary.
The exact amount that a driver’s rate will go up after a ticket depends on a few factors, including their state, how fast they were going, and their previous driving history. If you’ve received other tickets within the past few years, you’ll face higher penalties than first-time offenders because GEICO may consider you a high-risk driver.
Fortunately, there are steps that you can take to lower your premiums. For example, you may be able to take a defensive driving class to remove the ticket from your record. You can also reduce your coverage or check which GEICO discounts you may qualify for.
People also ask
Do speeding tickets affect insurance?
Yes, speeding tickets affect insurance rates in most cases. One speeding ticket raises car insurance premiums by about 25%, on average, although the exact amount depends on several factors, including the driver’s record and how fast they were going. Speeding tickets resulting from a traffic camera, on the other hand, generally do not affect insurance, as most states classify them as non-moving violations similar to a parking ticket.
It is possible to avoid a...
read full answer by WalletHub, Financial CompanyHow long does a speeding ticket stay on your record?
A speeding ticket will stay on your record for five years or less in most states. Some states require a speeding ticket to stay on your driving record for longer, but most insurance companies will still only take the last 3-5 years into consideration when calculating your premium.
For example, a speeding ticket in Hawaii will stick with you for 10 years, and in Montana it will be on your record forever....
read full answer by WalletHub, Financial CompanyHow do insurance companies find out about tickets?
Insurance companies find out about tickets by checking a driver’s record. Prior to renewing an existing policy or selling a new one, insurers will check a driver’s Motor Vehicle Report (MVR), which is a report of their driving history from their state’s DMV. Any traffic violation will show up on an MVR, so an insurance company is certain to find out about it once it’s on the record.
If you can prevent a ticket...
read full answer by WalletHub, Financial CompanyDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.