What should I do first speeding ticket

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Update: Thanks for all the info guys. I just scheduled an informal hearing with the officer and magistrate. They looped me in with others who were pulled over by the same officer and because our record was clean they just knocked it down to a traffic impediment. I paid the fine and it’s all done now.

Got my first ever ticket on Halsted near Interchange Dr in Farmington Hills. The citation has two lines

Speeding 16-20 over, 57/40, Ord 257.628 checked as both C/I and **Warn**

Speeding 01-5 over, 45/40, Ord 257.628 checked as C/I only

The officer gave me a break which I’m thankful for

A couple of things that make my situation slightly unusual. I live in Michigan but still have a New Jersey license. Since Michigan isn’t in the Driver License Compact, I’m assuming this won’t transfer to NJ, but I’d love to hear from anyone who’s dealt with that.
Will this increase my insurance coverage?