It is accepted as common knowledge that if you are convicted of a speeding offence, your car insurance premium can increase massively. What many people don’t realise is that opting to take a speed awareness course, instead of penalty points on your driver’s license, can also cause the cost of your car insurance to rise.
There are over 6,000 speed cameras across the UK and cameras are often moved in efforts to outwit drivers and ensure that people can not simply slow down when they know they are approaching a camera. On top of this police are also using mobile camera units to catch offenders.
It is estimated that a single speeding offence, and the subsequent 3 points you are likely to receive, will increase your car insurance premium by around 10% for the average driver. Young drivers are likely to see a much higher increase after their first offense.
In some cases, although uncommon, insurance companies may even refuse to quote a driver with just one speeding endorsement on their license, especially if the car is a fast or “performance” vehicle.
It has generally helped to keep your premium lower, in the past, if you opted to take the speed awareness course. However, recently, due to the number of motorists that are taking this route, insurance companies have admittedly started to increase premiums for people that have attended such courses.
As we recently reported, car insurance premiums have already began to rise, after staying relatively level to around 2 years, these increases for people attending speed awareness courses will only add to financial strains being put on motorists.
Be sure to check out Impounded Car Insurance UK’s recent article for tips on reducing your current insurance premium here.
