Minor speeding tickets can add up to big bucks on insurance bill

By: CBS
By: CBS

CBS - When it comes to car insurance, the little things add up fast. Particularly the little infractions. According to a new report, a ticket for tailgating, or a minor speeding offense, can increase the cost of your insurance by as much as 20 percent.

The average annual cost of car insurance is $1,503. Add 20 percent to that figure, and the little ticket you got for going 5 miles-per-hour over the speed limit just cost you $300. That's in addition to the actual cost of the ticket.

The report from insuranceQuotes.com list the average amount charged for a number of different driving violations, and while the major ones like driving while drunk will cost you a lot of money in one go, the smaller ones can add up quickly.

Below is their breakdown of the financial impact that 17 common moving violations have, on average, on a driver's insurance bill:

DUI: 93 percent
Reckless driving: 82 percent
31+ MPH over speed limit: 30 percent
16-30 MPH over speed limit: 28 percent
Careless driving: 27 percent
Driving wrong way: 22 percent
1-15 MPH over speed limit: 21 percent
Improper pass: 21 percent
Following too close: 19 percent
Failure to stop: 19 percent
Failure to yield to pedestrian: 19 percent
Failure to yield: 19 percent
Not signaling: 19 percent
Violating railroad rules: 19 percent
Driving in car pool lane: 18 percent
Driving without license: 16 percent
Seat belt violation: 5 percent

Averages are based on a 45-year-old, married, employed female with a clean driving record driving a 2012 sedan. The hypothetical driver has a bachelor's degree, an excellent credit score, and no lapses in coverage.

There are ways to mitigate these costs.

"Drivers who commit moving violations can take safety classes to improve their skills and remove blemishes from their records," Laura Adams, analyst at insuranceQuotes.com, said in a release. "Many of these courses are offered online and can be completed in just a few hours. Otherwise, these infractions can lead to higher car insurance costs for up to three years."
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