Will getting a speeding ticket affect my insurance rate?

I was going 71 in a 55 zone which is 16 over. I am 18 and still on my parents insurance and want to know if and how much my insurance rate will go up and if there is anything I can do. I got the ticket yesterday and haven't told them yet. I really want to just pay it and get over with it but if my insurance goes up I am looking at a whole other problem! Thanks for all your help in advance.

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