Sep 20, 2023

Question of the Day: How much does a speeding ticket increase the annual cost of car insurance?

Thinking of putting that pedal to the metal? Not so fast...

Answer: $293-$381, depending on speed over the limit



  • Why do you think insurance companies raise rates for drivers that get speeding tickets?
  • Do you think the current system of increasing insurance premiums for speeding tickets is an effective way to deter speeding? Why or why not?
  • How might the cost of insurance impact a person's ability to afford a car and maintain their driving privileges, especially for younger drivers?


Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


Behind the numbers (Zebra): 

While violations like not buckling your seatbelt are pretty straightforward, others come with degrees of severity. If you’re caught speeding, for example, just how fast you were going over the speed limit will impact the size of your insurance penalty. Getting ticketed for driving 6-10 mph over the speed limit increases car insurance rates about 20%, while speeding 21-25 mph over the limit raises rates almost 26%.


Check out NGPF's Insurance unit to get your students thinking about this important financial tool.


COMPARE: Car Insurance Comparison Shopping will give your students an idea of what the car insurance marketplace looks like.


About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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