Motorists caught speeding face a huge rise in car insurance premiums

Fri, 01 Apr 2011

Motorists that are convicted of speeding could see the cost of their car insurance premiums escalate by 54 per cent, according to a study carried out by moneysupermarket.com.

Research by the comparison site found that there is an enormous difference as to what those with speeding convictions have to pay compared to those without. A driver with a speeding conviction and six points on their license may pay 19 per cent more on average than someone with a clean license.

Those who break speed laws repeatedly will face even more substantial increases in premiums, with an astounding 54 per cent potential increase for those with 9 points on their license.

Peter Harrison, car insurance expert at moneysupermarket.com said: " Insurers clearly take a dim view on policy holders who speed and this is reflected in higher car insurance prices . Even going just 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."
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