How Will Auto Insurance Premiums Change for Teenagers Who Receive a Speeding Ticket?

There are certain factors that automatically make certain drivers more high risk than others. One of the highest risk categories of drivers are most certainly teenagers. These are new drivers, usually have only had their driver's license for a limited period of time, and they are still learning as they go along. You can already expect to pay a higher insurance rate for these higher risk drivers, and if they get a speeding ticket then you may be in some deep trouble.

For most drivers, a first time speeding ticket can be nothing to worry about in terms of insurance rates. However if a teenage driver gets a speeding ticket, this can equal instant trouble. As a teenage driver is already considered to be a high risk driver, the speeding ticket demonstrates that they are even more at risk on the roads. Though the actual rate increase varies by state and by insurance company, a speeding ticket may mean an insurance rate increase of anywhere between 20-40%.

Avoiding a rate increase for reckless teenage driving

The bottom line is this: Your teenager needs to have a bit of fear when it comes to adhering to the speed limits. As a parent, you know that you're already paying a higher premium to have your teenage driver on the road. If you recognize that just one speeding ticket may make that rate go up by up to 20-40%, it's important that your teenage driver understand the effects of that.

Anything like a speeding ticket, which spells out to insurance companies that they are an even riskier, driver not only means an impaired driving record, but also an exponentially higher insurance rate in the present or even future. Be sure that your teenage driver understands this and does their best to stay within the speed limits every time they hit the road.