UK motorway drivers see increase in car insurance premiums because of this

October 10th, 2019

Compare and see how much you can save on your energy bills

According to consumer intelligence, drivers with a speeding conviction could be paying an extra £101 a year for their car insurance. The number was determined after comparing 36,000 insurance quotes.

On top of the minimum fine of £100 and 3 penalty points, the insurance premium will climb on average by £50. However the biggest increase came from over speeding on the motorway, the so-called SP50 offence which adds £101 to the annual cost.

Moreover motorists above the age of 50 faced a tougher punishment too, with car insurance premiums increasing by £58.

Speeding fines in the UK can go up to £2,500 and in the UK the number of fixed penalty notices issued has increased by over 30% between 2011 to 2016.

Speeding endorsement remains on the motorist’s license for 4 years and insurers ask drivers to declare motor convictions that have happened with the last 5 years.

Overall driving over the speeding limit is not only expensive due to the fine, but also due to the increase in car insurance premiums.

FreePriceCompare is a hassle free, independent and impartial comparison services provider which looks to get the best for its customers. To see how much you can save from your car insurance premiums, click here.

Compare and see how much you can save on your energy bills

4000+ reviews