Your Rush To More Expensive Car Insurance
Gathering speeding tickets does more damage to your wallet than you might imagine.
You may not have hit anything but getting points on your licence or a speeding conviction means that your insurance could add 30% to your car insurance as well as the cost of the fines. When it comes to the speed limit, it’s better to be safe than sorry. Even if you don’t take into account the increased risks of accident and the danger you pose to other road users and pedestrians, the fines and the points on your license you will also be hit with increased prices when you’re looking to renew your motor insurance. Those increased costs won’t even be temporary car insurance companies won’t reduce your premiums to your pre speeding conviction levels next year when you come to renew, even if you never get picked again it’s going to take you years to work off the price of those points.
It appears that the most guilty of speeding aren’t the new young drivers that you’d expect but those between the ages of 31 and 35. Quite naturally drivers of cars such as Protons, Daewoos or Rovers are only about half as likely to get done for speeding as drivers of high performance vehicles like Porsches or Saabs. In theshort term car insurance companies rub thier hands with glee when you get hit with points on your license, your premium flies up meaning you have to hand over lots more of your lovely money. Keep driving like that and you’re going to hit something, they don’t love that so much as they start having to pay out but look on the bright side for them, at least you loose your no claims!
One day car insurance companies might play by the drivers’ rules but I don’t really see it. You can always live in hope but until that day comes, do try and observe the speed limit.
