Kill your speed, cut your premium?

[XTR]

Getting caught speeding could cost you more than just points on your licence

The proliferation of speed cameras and police speed traps means that, aside from the fact that speeding’s illegal and dangerous, you are more likely to be caught doing it than ever before.

And, as well as being out of pocket from paying a fine, a speeding conviction could hit your wallet again when it comes to your motor insurance premium.

Points mean premium rises?

A company which makes in-car speed camera detectors claims that a speeding conviction can treble your insurance premium. Cyclops says that on average:

• Three points on your licence will increase your premium by £196
• Six points on your licence will increase your premium by £512
• Nine points on your licence will increase your premium by nearly £1,500

And that’s more bad news for motorists following figures revealing that the average cost of car insurance has risen.

Why it pays even more to shop around

Now for some better news. It’s not a hard and fast rule that every insurer will charge more to cover a driver who has been caught speeding. In fact, some will argue it makes the driver less likely to speed in future, thereby making them a safer driver.

So if you’ve been convicted but have mended your ways, then it’s worth shopping around to see if you can get a sympathetic broker.

Of course, if you hadn’t been speeding in the first place...


Source: MSN Money

[5lab]

or possably, people with 9 points on their licence drive faster cars and thus have higher premiums. that statistic is completed bs... theres not that many people who pay more than a grand for their insurance so £1500 extra is complete bs.. its just a ploy to sell radar detectors..

[Lowe]

My insurance company said I could have up to 6 points on SP30/50s before they start to load the premium which I thought was pretty good.

It really does depend on what the points were got for. If they were drink driving then the above statistics may be correct. For SP30s it's unlikey to make that much difference.

(For the record, SP30 = speeding on a normal road. SP50 = speeding on the motorway).

[djbenjo]

Friend who is 19 driving a Megane Coupe got 3 points and no premium hike, seems like bs to me, just a marketing ploy.

[Stu]

Aye, everyman and his dog has a sp30 nowadays... doesn't affect the premium at all in my experience when getting quotes.

[[GSV]Trig]

I drive like a coont and have 0 points...

Like I say theres a place and a time for everything......

[5cupa]

Originally posted by [GSV]Trig
I drive like a coont and have 0 points...

Like I say theres a place and a time for everything......

even a time and place to use the word coont

i have 3 points no change on insurance, did have DWDCare on my license when i was younger and that put quite a hike i can tell ya!