Speeding offences are some of the most common driving convictions in the UK. If you’ve been convicted of speeding, you’re no doubt worried about how it might affect your car insurance premiums in the future. According to research, speeding fines can increase your insurance premium by an average of 34%, but some say it could be as much as 86%.
Some UK insurers may even refuse to cover drivers with points on their licenses. We want to install a camera here on the A40 at Barton Park in Oxford to stop drivers making illegal and dangerous U-turns. Tell us what you think about this plan at: https://t.
co/TaT7LU3ZYQ pic.twitter.com/7FR7rJmSWk — Oxfordshire County Council (@OxfordshireCC) February 12, 2022 Here’s what you need to know According to CompareTheMarket.
com: "Your insurance premium will likely increase after a speeding ticket. "Insurance providers base pricing on their claims statistics, and they’re likely to view customers who’ve had a motoring offence in the past as a risk. "As a result, they’ll probably charge you more for your car insurance, although every insurance provider has its own way of assessing and calculating premium costs.
"How much you’ll pay for your insurance will depend on the seriousness of the offence and any other points you have on your licence, together with the usual things like the type of car you drive and your age. "Many drivers worry that a speeding ticket will bump up their premium, and with good reason. According to government .