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Richard Bott Tuesday 10 July 2012 |
Road Pilot, the speed camera detector manufacturers have revealed the results of a study they commissioned into the cost of speeding. In the last six months alone the cost of insuring your car if you have three points, has risen by seventeen percent. That means on average a driver with three points will pay £90 more than a driver with a clean licence.
The news gets worse if you are female. The uplift in premium for a female driver with three points is slightly more than for a male but the figures suggest that it is only to bring them both in to line with each other.
Acquire six points however and it all starts to go downhill rapidly. You can expect to pay around thirty percent more than a driver with a clean licence but, and it's a big but, in the last six months, three out of ten insurers refused to cover drivers with six points.
James Flynn OBE, CEO of RoadPilot, comments, "The everyday costs of motoring continue to rise, so the last thing motorists can afford is a speeding endorsement. Insurance premiums for both men and women with no convictions have increased, on average, by 12 per cent over the last six months to an all-time high, so a further £90 increase, on average, to insurance premiums each year has a significant impact on overall vehicle running costs."
Food for thought I think you'll agree.
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