How speeding affects your insurance in Mississippi

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Mississippi averages over 660 fatal vehicle accidents per year, an average of 76 being directly related to speed. A Mississippi speeding ticket has lasting consequences, both in terms of road safety and financial ramifications. When speeding is recorded, insurance premiums increase by an average of 18%, according to Bankrate’s 2021 study of annual listed premiums. No matter the age or gender of the driver, getting caught for speeding has a lasting effect on finances, with insurance premiums and fines.

How much does a speeding ticket cost in Mississippi?

Fines for speeding vary depending on the county where the violation took place and the amount exceeding the speed limit. For example, in the town of Gulfport, the minimum fine for speeding less than 10 miles over the speed limit is $ 173. Naturally, the rates increase as the number of speeding violations increases, eventually reaching fines of $ 248 per violation. In Olive Branch, MS, ticket prices can reach $ 327 if you are caught speeding up in a construction zone.

How Much Does a Speeding Ticket Increase Your Auto Insurance in Mississippi?

In Mississippi, whether you’re male or female, teenager or adult, if you get a speeding ticket you can expect insurance premiums to go up. The graph below shows the average premium amount for male versus female drivers, and what happens to the premiums when a speeding violation is involved. While the annual bonuses cited by Quadrant Information Services for men are higher than for women overall, the increase with a speeding ticket is consistent with both genders.

Age Average annual premium for full coverage before speeding tickets Average annual premium for full coverage after a speeding ticket % to augment
40 year old man $ 1,803 $ 2,132 18%
40 year old woman $ 1,772 $ 2,090 18%

Women generally pay less for auto insurance because insurance companies have classified them as less risky drivers. Younger drivers pay significantly higher auto insurance premiums, which is why the increase after a speeding ticket is not as high as for older drivers.

How to Reduce Your Auto Insurance After Speeding in Mississippi

Data indicates that an increase in rates with auto insurance is likely if you have a speeding ticket on your record in Mississippi. The good news is that there are still plenty of ways to save money on auto insurance. Keep in mind that the average cost of insurance in Mississippi is $ 1,782 per year for full coverage for speeding drivers. The following tactics can help reduce the cost of insurance whether or not you have a speeding ticket on file.

Get quotes from other auto insurance companies

The premiums cited by Quadrant indicate how much insurance increases for a speeding ticket in Mississippi, which varies quite widely from insurance company to insurance company. Even with the same coverage limits and only one speeding ticket taken into account, the rates are very different. Shopping around, and possibly changing insurance companies, is one way to find a lower rate.

Auto insurance company Average annual premium for full coverage before speeding tickets Average annual premium for full coverage after a speeding ticket % to augment
Alfa $ 2,128 $ 2,403 13%
Allstate $ 2,302 $ 2,681 16%
MetLife $ 2,270 $ 2,775 22%
At national scale $ 1,423 $ 1,696 19%
Progressive $ 1,545 $ 1,979 28%
Automatic safe $ 2,260 $ 2,924 29%
Safeway $ 2,444 $ 2,514 3%
Shelter $ 2,213 $ 2,648 20%
Southern Agricultural Office $ 1,563 $ 1,717 ten%
State farm $ 1,453 $ 1,688 16%
United States $ 1,176 $ 1,410 20%

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

Cost is certainly a big deal for most buyers, but there are other factors worth considering as well. Looking at JD Power’s customer service ratings, financial strength ratings such as with AM Best and the comparison of discount options are some additional considerations for a well-balanced choice.

Update your coverage selections

Whether you are changing insurance companies or staying with your current provider, another strategy may be to update your coverage selections. If your rates have increased, talk to an authorized agent about coverage or endorsements you don’t use frequently, or if increasing your deductibles with full and collision coverage could help you save money. As you update your selections, be sure to take advantage of all the discounts available to you.

Register for a defensive driving course

Many carriers offer reduced premiums if you enroll in a defensive driving course. These courses are taught in person or online and teach valuable driver safety tips. Most carriers offer multiple course options and should have an “approved” list of courses to choose from. You will need to ensure that the course you are enrolling in is on the approved list in order to qualify for the discount.

Other considerations for speeding tickets

Not only is there a fine associated with the ticket, but there are also court fees, administrative fees, and increased insurance premiums to pay. Depending on the circumstances, you may also be required to attend a traffic school as an additional penalty. Mississippi law requires a minimum amount of fines that a court must charge for a speeding offense.

Under Mississippi law, several speeding ticket violations could also result in a license suspension or even jail time.

Frequently Asked Questions

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

Finding the best auto insurance company to meet your budget needs and insurance preferences is possible by comparing multiple carriers. Getting accurate quotes highlights the differences between carriers with premium rates, but also with coverage options and amount of discounts.

Is Your Insurance Increasing For Speeding In Mississippi?

You can expect premiums increase if you get a speeding ticket in Mississippi, based on Quadrant data reviewed by Bankrate. However, the amount of the increase depends on several factors, including the insurance company you are currently with and your driving record.

Does Mississippi add points to a speeding permit?

Unlike most other states, Mississippi does not use a point system to track moving infractions, such as speeding tickets. Instead, the focus is on heavy fines and license suspensions if a driver breaks traffic rules. Moving offenses are added to your driving record.

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 male and female drivers ages 18 and 40 with good records driving, good 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 base profile with the following incidents applied: clean criminal record (base), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.

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

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


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