How speeding affects your insurance in Missouri

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Getting a speeding ticket might not seem like the end of the world, but it has more consequences than you might think. In Missouri, a 40-year-old driver who receives a speeding ticket will see their full coverage auto insurance rate increase by an average of 18%. However, if you have Allstate or Progressive, your full coverage auto insurance rate might only increase by about 16% on average.

If you are driving in Missouri, it is important to understand the laws regarding speeding tickets, including the cost of the fine and the impact it could have on your auto insurance rate.

How much does a speeding ticket cost in Missouri?

The cost of a speeding ticket in Missouri depends on how quickly the driver exceeds the posted speed limit. Typically, a speeding ticket in Missouri will cost between $ 123 and $ 232. Speeding in a construction zone or school zone will increase the cost of the fine by $ 25.

Additionally, Missouri uses a points system, where drivers accumulate points on their driver’s license based on certain infractions. Missouri drivers who accumulate eight or more points within 18 months will have their license suspended. For reference, a standard speeding violation is usually three points.

How Much Does a Speeding Ticket Increase Your Car Insurance in Missouri?

Along with a hefty fine, Missouri drivers who get pulled over for speeding are likely to see a dramatic increase in their auto insurance premiums. On average, 18-year-old drivers will see their rate increase by 14% and 40-year-old drivers will see their rate increase by 18%. The table below includes the average full coverage premium before and after a speeding ticket for both age groups, as well as the percentage increase. Keep in mind that auto insurance rates are based on several factors, so your actual rates may differ.

Age Average annual premium for full coverage before speeding tickets Average annual premium for full coverage after a speeding ticket % to augment
18 year old man $ 5,565 $ 6,344 14%
18 year old girl $ 4,542 $ 5,169 14%
40 year old man $ 1,792 $ 2,122 18%
40 year old woman $ 1,746 $ 2,067 18%

Typically, 18-year-old drivers pay a higher average auto insurance rate than 40-year-old drivers. In addition, female drivers generally pay less for auto insurance than men in both age groups.

How to Reduce Your Auto Insurance After Speeding in Missouri

Drivers arrested for speeding in Missouri are likely to see their auto insurance rates increase. Unfortunately, there’s not much you can do to avoid getting a higher premium. However, there are several ways to save money on your insurance after a speeding ticket.

Get quotes from other auto insurance companies

Each auto insurance company charges a different rate, regardless of your driving record. If you’re overpaying for auto insurance after speeding, get new quotes from other companies to see if you can find a lower rate elsewhere. The table below includes five popular auto insurance companies in Missouri and their average annual premiums for full coverage before and after speeding:

Auto insurance company Average annual premium for full coverage before speeding tickets Average annual premium for full coverage after a speeding ticket % to augment
Allstate $ 2,302 $ 2,681 16%
Farmers $ 1,931 $ 2,416 25%
Geico $ 1,421 $ 1,680 18%
Progressive $ 1,545 $ 1,979 28%
State farm $ 1,453 $ 1,688 16%

* Premiums are the average annual premiums for full coverage for people 40 years of age

However, when you compare auto insurance providers, be sure to consider factors other than price. A good insurance company will also offer comprehensive coverage options, multiple discounts, and positive reviews from current policyholders.

Improve Your Credit Score

Drivers with a high credit score are often rewarded with a lower auto insurance rate. If your credit is in the right category (739 or less), work on improving your score to potentially get a lower auto insurance premium. The savings from good credit can be significant.

Group your fonts

Most Missouri auto insurance companies offer a policy bundle discount to drivers who purchase their auto and home, renters, or life insurance policies from the same insurer. If you currently have multiple insurance policies with different providers, consider bundling them together to get a discount on the combined premium.

Other considerations for speeding tickets

In addition to a fine and a higher auto insurance rate, drivers in Missouri who get a speeding ticket can face other consequences. For example, drivers who are stopped by exceeding the speed limit by more than 25 mph must report to the traffic court. There is also a mandatory legal requirement for drivers who cause an accident while they speeding.

Frequently Asked Questions

What is the best auto insurance company for drivers with speeding tickets?

The best auto insurance company for drivers with speeding tickets varies. It depends on where the driver lives, how much they want to spend on coverage, what type of coverage they need and more. To find the best auto insurance company, it’s important to shop around and compare providers based on your personal criteria.

How Much Does Auto Insurance Cost in Missouri?

The average cost of auto insurance in Missouri is $ 1,661 per year for a full coverage policy and $ 468 per year for a minimum coverage policy. For comparison, the average rate in the United States is $ 1,674 per year for full coverage auto insurance and $ 565 for minimum coverage. However, each driver pays a single rate based on factors such as zip code, age, credit rating, claim history, and car type.

How Much Car Insurance Is Required in Missouri?

Missouri auto insurance laws state that every driver must carry at least 25/50/25 third party liability insurance and 25/50 uninsured / underinsured motorist coverage. For added protection, insurance experts often encourage drivers to increase their coverage limits or purchase a comprehensive coverage policy, including collision and comprehensive coverage.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:

  • $ 100,000 liability for bodily injury per person
  • $ 300,000 in civil liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.

Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.

Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied. Depending on the age, drivers can be renters or owners.

These are sample rates and should only be used for comparison purposes.


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