Compare SP50 Speeding Conviction Car Insurance

Getting an SP50 speeding ticket can increase your car insurance premium significantly. Insurers view drivers with tickets as a higher risk. This is due to the fact that those drivers are more likely to have a car accident. As a result, your insurance costs will rise. You might also have fewer options for choosing an insurance provider.

Factors Affecting the Cost of SP50 Insurance

Many insurance providers consider various risk factors when setting your car insurance premium after an SP50 conviction. Here are the main factors that can affect the cost of your policy renewal:

Number of Penalty Points on Your Licence

• More penalty points mean you will pay more for insurance.
• Drivers with six penalty points or more may have fewer options when comparing insurance.
• If you have 12 penalty points or more in three years, you could be banned from driving.

Your Age and Driving Experience

• Young drivers, especially those under 25, are usually considered high-risk. A speeding ticket, like an SP50, can lead to even higher insurance costs for them.
• Drivers over 30, who have more experience, may notice a smaller change. However, an SP50 ticket will still increase their insurance premium.

Type of Cover Chosen

• Third party insurance is the cheapest choice. It offers the most basic level of cover.
• Third party, fire & theft provides more protection against theft and fire damage.
• Comprehensive car insurance offers the highest level of cover. It includes windscreen cover, personal accident cover, and motor legal protection. However, it is usually more expensive for drivers with convictions.

Value of Your Car

• Costly cars often lead to higher insurance fees. This is because fixing or replacing them costs more.
• Insurance for fancy or electric cars can be more expensive for SP50 drivers. Insurers view these drivers as having larger risks.

Previous Driving Record

• If you have a clean driving licence record before receiving an SP50, your insurance cost may not rise much.
• However, if you have past convictions or claims, your insurance premium will go up a lot.

Policy Wording & Optional Extras

• Some insurance companies may include breakdown cover, windscreen cover, and legal protection in their plans. Others might charge extra fees for these services.
• Policies that include a named driver can increase costs. This is more common if the person who holds the main policy has an SP50.

Location and Annual Mileage

• Drivers who often use motorways may see higher costs when they renew.
• Reducing your yearly miles and cutting back on your European travel insurance can help lower your costs.

Insurance Provider and Policy Comparison

• A car insurance comparison website or app can help drivers find the best prices.
• Some insurance providers give better deals to drivers with SP50 convictions compared to regular insurers.

Effect of SP50 Convictions on Policy Renewal

• Some insurance companies may choose not to renew your policy if you have an SP50 conviction.
• Others could increase your premium or offer fewer additional options, like motor legal protection or breakdown cover.
• Shopping around for different deals before your policy renewal can help you find the best choice.

European Travel Considerations

• If you drive in Europe, you need to make sure your insurance policy covers that area.
• Some insurers may not provide full coverage for drivers with convictions when they go outside the UK.

If you receive several speeding tickets, you could get 12 or more penalty points in just three years. This might result in a driving ban due to the totting-up system. The length of the ban will depend on how serious your offenses are and if you have been convicted before.

For new drivers, the rules are stricter. If you receive 6 penalty points within two years of passing your test, your driving licence will be revoked. This means you must retake both the theory and practice driving tests before you can drive legally again.

Consequences of Multiple Speeding Offences:

• If you get 12 points or more in three years, you may lose your driving licence.
• If you get 6 points or more in the first two years after your test, your licence may be taken away.
• People who repeatedly offend could face fines and may need to go to court.
• Your car insurance costs might increase because insurers view you as a high-risk driver.
• If driving is important for your job, it might affect your employment options.