Car Insurance Hikes For Speeding Convictions
Published: 18 November 2010
By MoneyHighStreet Staff Leave a Comment
Updated: 18 November 2010
Driving too fast and getting a speeding conviction add more to you wallet than the fine, you could add nearly 30% to your car insurance premium too.
As Will Thomas, head of motor at Confused.com says “When it comes to gambling with the speed limit, it is always better to be safe than sorry.
Without taking into account how dangerous the extra speed is to other drivers and pedestrians, the fines and the points, speeding also has the potential to be very costly when it comes to getting insurance.
Interestingly, the peak of speeding convictions occurs between the ages of 31-35 and does not sit with young drivers.
Drivers of high performance cars, such as Porsche’s and Saabs, are twice as likely to hold a speeding conviction as Proton, Daewoo and Rover Drivers.
On a positive note, the number of convictions drops steadily through the winter months which suggests that drivers slow down and take better care during the rough driving conditions in winter months.
As well as avoiding a conviction, there are other ways to save money on your car insurance, including thinking about the type of car insurance you need, how you will use the car and importantly only taking the cover you need.
Make sure you compare car insurance quotes and get the best deal to meet your needs – you’ll be surprised just how different the premiums quoted from the different car insurance companies are.
