LAS VEGAS (KSNV) — Speeding in Nevada doesn’t just come with a fine — it can also deliver one of the biggest hits to your wallet when it comes to car insurance.
According to new data from LendingTree, Nevada drivers experience the third-largest insurance rate increase in the nation after receiving a speeding ticket, making even a minor violation an expensive mistake on Silver State roads.
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The study found that the average premium in Nevada jumps from $2,789.85 to $3,663.39 after a single speeding ticket for going 11 to 15 miles per hour over the limit — a 31.3% spike. That increase translates to an additional $873.54 per year, or about $73 per month, placing Nevada among the top five states for the highest dollar increases in the country.
Over the course of three years, that single ticket could cost drivers an additional $2,620 in insurance premiums.
Younger drivers face the steepest increases.
For example, a 20-year-old driver could see premiums rise by more than $1,100 annually, compared with roughly $550 for older drivers.
“Speeding isn’t just dangerous — it’s expensive,” said Rob Bhatt, a LendingTree auto insurance expert and licensed insurance agent. “Drivers with a speeding ticket are more likely to get into accidents, and insurers pass those higher crash risks onto drivers through steep rate increases.”
The findings underscore the financial risks of even small traffic violations in Nevada, where speeding fines can quickly multiply when combined with rising insurance premiums.
For more information, visit LendingTree’s speeding ticket study.
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.