GITNUX MARKETDATA REPORT 2024

Speeding Ticket Record Duration For Insurance Statistics

Speeding ticket records are likely to impact insurance rates for a certain duration, typically ranging from three to five years.

With sources from: carinsurance.com, blog.cinfin.com, thebalance.com, insure.com and many more

Statistic 1

A single speeding ticket might boost an auto insurance premium by as much as 30%.

Statistic 2

Speeding tickets stay on your driving record for 3 years in most states.

Statistic 3

North Carolina increases insurance for three years upon receiving a speeding ticket.

Statistic 4

Speeding ticket fines can increase insurance rates by 20-40%.

Statistic 5

In Illinois, for instance, even one minor violation, such as a speeding ticket, can raise your rates by up to 27.5%.

Statistic 6

In Idaho, a speeding violation can hike your insurance rates by 56%.

Statistic 7

One speeding ticket could remove any good driver discounts up to 5 years.

Statistic 8

In New York, insurance rates can increase by as much as 30% after speeding ticket.

Statistic 9

In Oklahoma, a speeding citation can increase insurance premium by 53%.

Statistic 10

In Wyoming, a speeding ticket can cause a 30% rise in insurance rates.

Statistic 11

Drivers aged between 16 to 19 are 3 times more likely to get speeding tickets than drivers over 20.

Statistic 12

In California, an insurance rate can rise by 34% after receiving a speeding ticket.

Statistic 13

The average increase in auto insurance rates after a speeding ticket in Texas is about 20-30%.

Statistic 14

Drivers with a speeding ticket on their record are 1.5 times more likely to file a claim than those with a clean record.

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In this post, we explore the significant impact of speeding tickets on auto insurance premiums. With statistics revealing how a single violation can lead to substantial increases in insurance rates over a designated period, it becomes evident why maintaining a clean driving record is crucial for ensuring lower premiums.

Statistic 1

"A single speeding ticket might boost an auto insurance premium by as much as 30%."

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Statistic 2

"Speeding tickets stay on your driving record for 3 years in most states."

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Statistic 3

"North Carolina increases insurance for three years upon receiving a speeding ticket."

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Statistic 4

"Speeding ticket fines can increase insurance rates by 20-40%."

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Statistic 5

"In Illinois, for instance, even one minor violation, such as a speeding ticket, can raise your rates by up to 27.5%."

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Statistic 6

"In Idaho, a speeding violation can hike your insurance rates by 56%."

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Statistic 7

"One speeding ticket could remove any good driver discounts up to 5 years."

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Statistic 8

"In New York, insurance rates can increase by as much as 30% after speeding ticket."

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Statistic 9

"In Oklahoma, a speeding citation can increase insurance premium by 53%."

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Statistic 10

"In Wyoming, a speeding ticket can cause a 30% rise in insurance rates."

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Statistic 11

"Drivers aged between 16 to 19 are 3 times more likely to get speeding tickets than drivers over 20."

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Statistic 12

"In California, an insurance rate can rise by 34% after receiving a speeding ticket."

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Statistic 13

"The average increase in auto insurance rates after a speeding ticket in Texas is about 20-30%."

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Statistic 14

"Drivers with a speeding ticket on their record are 1.5 times more likely to file a claim than those with a clean record."

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Interpretation

Speeding tickets have a significant impact on auto insurance premiums, with a single violation potentially leading to increases of up to 30% in some states. These penalties can stay on your record for several years, resulting in prolonged higher rates. The severity of the increase varies by location, with some states like Idaho seeing potential hikes of 56% following a speeding violation. Younger drivers are particularly at risk, with those aged 16 to 19 being three times more likely to receive speeding tickets compared to older drivers. Overall, having a speeding ticket on your record not only affects your insurance rates but also increases the likelihood of filing a claim, making it crucial to drive responsibly to avoid these financial consequences.

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