Motorists are being urged to kill their speed to avoid paying double the average cost for their car insurance, following research on the issue by moneysupermarket.com.
The study by moneysupermarket car insurance experts found that drivers with nine points on their licence due to speeding convictions stand to pay up to 54 per cent more for their car insurance.
The research was based on quotes returned by five different insurers for the cost of insuring a 30-year-old male teacher in Manchester with five years’ no claims discount. The average cost of insurance for a 2006 Ford Focus parked on a driveway and driven 10,000 miles per year was £666.98 with a clean licence, compared to £1,026.83 with nine points.
Drivers with six points on their licence for speeding face paying 19 per cent more than those with
clean licenses, while drivers whose speeding convictions have earned them three points on their
licence are charged around five per cent more than those who have no points.
Moneysupermarket car insurance expert Peter Harrison said: “Insurers clearly take a dim view on policyholders who speed and this is reflected in higher car insurance prices. Even just going above the speed limit can add huge additional costs to your car insurance and, for repeat offenders, some insurers may even refuse to cover you, so motorists should take extra care to ensure they stick to the speed restrictions.
“We have witnessed sharp increases to the cost of car insurance premiums recently. moneysupermarket.com research found premiums rose by 44 pence per day in 2010 on average
and this trend is set to continue, especially with the recent ECJ ruling on the legality of using gender to calculate insurance premiums. Not only are motorists who flout the law by speeding risking the lives of other road users and pedestrians as well as their own, they also run the risk of adding to the existing headache of sky high car insurance premiums.
He added: “My advice to motorists concerned by the cost of their car insurance is to always scour
the market for the best deal for your circumstances.”
Photo source:credited to Florin Dr - http://www.flickr.com/photos/florin_dr/
2 comments:
I say experts are right! We should be more careful on the roads, and still enjoy the ride! Vacation
In terms of insurance, I agreed. But in terms of fuel consumption I may not agree with. It is just the same when you travel a 10 km in 40kph. and in 80 kph. We consider too the time. Lets say, you can consume when you able to travel that 10 km of about 1 liter of gasoline. Its still the same when we said in terms of speed. gets?
Rose from Supagard Protection
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