Insurance company Confused.com has released a report that contains the unsurprising news that driving convictions can really up your car insurance. Basing its research on 4785925 car insurance quotes from the 1st of October to the 31st of December 2012 Confused.com found that driving convictions can bump up a car insurance quote by over 100% and increasing car insurance by almost £1000!
The most commonly committed motoring offences are speeding, using a mobile phone while driving and driving under the influence of alcohol. So if points on your license, fines or court cases and convictions aren’t enough to make you avoid taking any risks perhaps the result of a huge increase on your car insurance premiums will.
To give an idea of how much a motoring offence could increase car insurance premiums Confused.com ran test quotes for a 30 year old woman marketing manager living in Cardiff and driving a 2003 Mini Cooper with an annual mileage of 6,000, 5 years’ no-claims discount, and the car parked on a driveway when not in use, the car insurance would cost £682 a year.
However if the 30 year old woman committed any of the following driving conviction s Confused.com shows how the insurance cover costs would rocket.
Exceeding the statutory speed limit on a public road would raise this woman’s car insurance by 34%, adding £231 to the cost. Getting cause using her phone at the wheel would mean an additional 49%, that’s £337. Failing to comply with traffic light signals means 24% or £162 added to this woman’s insurance. Exceed the speed limit on the motorway and this woman can expect to pay 34%, £231 more and using a vehicle uninsured against third party risks will cause the cost of cover to jump by 131%, that’s £896. Drink-driving would cause a rise of 115%, £782. Driving without due care and attention could have her paying 51% £346 more. Using a vehicle with a defective tyre can mean a 69%, £471 increase and exceeding passenger vehicle speed limit would mean paying 34%, £231 more on her cover.
While it is important to note those are specific costs and will vary from driver to driver, any driving conviction will result in higher insurance costs. However it could be worse if drivers try to conceal any previous convictions from insurance brokers. It could result in your insurance company refusing to pay any claim you make. Insurance companies might even make an additional charge for the conviction and refuse to authorise any claim until the charge is paid.
Ask your local driving school in Brighton about ways to reduce your car insurance costs.
Insurance companies have difference conviction policies that take into account the type of conviction, car type and age.