Koutsantonis, who amassed enough violations to lose his licence, denied warrants were out for his arrest over the non-payment of fines. He will stay in the cabinet - as minister for youth affairs.
The minister initially refused to quit as road safety minister, saying he had given up habits like speeding and talking on his mobile phone while driving.
He even argued that being a bad role model himself actually helped him instil good driving habits in others.
"Although I'd hoped to use my experiences to help develop better road safety policy, and deliver the message to all motorists to drive safely, it's evident this won't be possible," he said when resigning.
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