New technological developments modulate the light levels of LED street luminaires according to traffic volumes: light levels are increased given traffic and reduced in its absence. Such dimming of street lights reduces the level of artificial light at night (ALAN) and may thus contribute to mitigate light pollution. To quantify the impact of traffic-driven dimming of street lights on nocturnal insect abundance and bat activity in comparison to full light (i.e., dimming functions of luminaires switched off), we mounted 20 insect flight-interception traps and ten batloggers on street light poles along two dimmable street light sections. Insect abundance and bat activity were measured alternately with one week of full street lighting followed by a week with light levels modulated by traffic volumes. In total, 16 dimmed and 16 full-light days were investigated. Overall, traffic-driven dimming reduced light levels by 35%. Weather conditions (warm, dry nights) were the main drivers of insect abundance and bat activity, but traffic-driven dimming resulted in lower numbers of insects caught and reduced bat activity. Among insect groups, Heteroptera benefited most from dimming. For bats, urban exploiters (Pipistrellus spp.) benefited from increased availability of prey at brightly lit street lights, while less frequent species (Myotis spp.) did not benefit from street lighting. We conclude that street light dimming technology may contribute to mitigate negative effects of ALAN on nocturnal organisms, although the measure may not be efficient enough to support light-sensitive and threatened species.