Insurers targeting speeders with steep rise in premiums
Date: Wednesday, March 21 @ 09:47:22 UTC
Topic:


pocketgpsworld.com
First time speeders are finding that it's not just the fine that is hitting their wallets.

Insurers used to overlook the first speeding offence when calculating insurance premiums but attitudes have changed. The previously relaxed attitude to first time offenders has gone with many insurers now loading motor policies for first time speeding convictions.

This equates to an increase in premiums of 10% for drivers in their forties and rises to more than 20% for drivers in their twenties for a driver with three points on his or her licence. Drivers with more than nine points can expect their premiums to rise by more than half.

In many cases the premium increase can cost you far more than the actual fine. Insurers are basing these new costs on data that shows drivers with a poor driving record are more likely to make a claim than those who hold clean driving licences.

And if you're convicted of using a mobile phone whilst driving, the outlook is even bleaker. Premium increases of 60% are commonplace and some insurers will no longer automatically quote for a renewal.

Click here to read more...

Click here to discuss...

email icon








This article comes from Pocket GPS World - SatNavs | GPS | Speed Cameras
http://www.pocketgpsworld.com

The URL for this story is:
http://www.pocketgpsworld.com/modules.php?name=News&file=article&sid=2721