In attempts to clamp down on death by dangerous driving the UK government has increased the punishments for those caught speeding. Not only will a speeding offence now land you with a hefty fine and points on your license, which could result in a driving ban depending on your current points total, there could also be a knock-on effect on your car insurance policy.
The UK Speeding offences
- SP10 – Exceeding goods vehicle speed limits (3-6 penalty points)
- SP20 – Exceeding speed limit for type of vehicle (excluding goods or passenger vehicles) (3-6 penalty points)
- SP30 – Exceeding statutory speed limit on a public road (3-6 penalty points)
- SP40 – Exceeding passenger vehicle speed limit (3-6 penalty points)
- SP50 Exceeding speed limit on a motorway (3-6 penalty points)
As well as penalty points, speeding offences will often land you with an on-the-spot fine. On top of the fine, you will expect to see rises in your car insurance policy, further raising the amount you will have to pay for your speeding mistake.
Penalty points and your car insurance policy
With points on your license insurance companies will see you as more of a riskier driver and speeding offences will suggest you are much more likely to be involved in an accident requiring you to make claim. The more points, the higher your premiums will go.
According to figures, those with speeding convictions can expect a 14% rise in annual premiums. Which is an average of around £72 more each year. If you receive points on your license it is your own responsibility to inform your insurance provider. If you fail to do so your insurance policy can be invalidated.
Can you do anything to avoid added insurance costs after a speeding ticket?
There is now the possibility for those caught speeding within a certain limit to avoid the points on their license by attending a half-day speed awareness cause. Drivers do have to pay for attendance on the course which varies from £80-100.
Compare car insurance quotes
Points remain on your license for four years and once they have been struck off your premiums should go back to normal. You may want to find a new car insurance policy after this time, which you can do by comparing car insurance quotes with Quote Goat. If you have points you may like to try our convicted driver insurance comparison service.