In Mississippi, as in most other states, the consequences of a speeding ticket can extend far beyond immediate fines, license suspension, and jail time. Despite Mississippi’s low percentage of speeding-related deaths in 2020, it’s important to know how a speeding ticket impacts your premium. For example, with Allstate, your yearly insurance premium can jump from an average cost of $1,821 to $2,015 after just one speeding ticket. Keep in mind, however, that there are ways to mitigate the cost increase after receiving a ticket. You can take a defensive driving course, boost your credit score, and explore different insurance providers in the industry to search for the lowest rates.