Speeders face growing rise in insurance premiums

10 July 2012

Story from Fleet News.

Research carried out by RoadPilot has found that the financial cost of being caught speeding is on the rise, with insurance premiums for offenders significantly higher now than just six months ago.  The cost of the average insurance premium for a speeder with three points is now £90 higher than for a driver without a conviction, up 17 per cent from the £77 average penalty in December 2011.

The findings also point to insurance premiums rising faster for female speeders than for their male counterparts.  The company’s research of 10 leading insurers* found that if a female driver incurs a three-point speeding conviction her premium would increase, on average, by 15.7 per cent (or £90) compared to a quote for the same person without a speeding endorsement.  This is significantly more than the uplift for a female speeder six months ago (up by 13.4 per cent, or £69).