Car Insurance- Paying the Penalty for Reckless Driving

You may not realise it but having penalty points on your license can increase your premium by 60%. On average, drivers who have points on their license pay £370 more than those with a clean license and at a time when we are trying to save money drivers are urged to drive more carefully not just for their safety but for their finances.

Car insurance prices will naturally rise given the current financial climate so if there are ways of reducing the increasing costs, customers should look to take advantage of them. Simply driving carefully and sticking to speed limits can ensure you save a considerable amount of money on your premium.

This is especially important when looking for young driver car insurance. Young drivers typically find it hard to find competitive prices and if they were to have penalty points on their license they could find their policies doubling in price. As young drivers pay around double on a normal policy, this means that a young driver with points could find themselves paying 4 times the average price.

In the last 12 months, over 3 million driving convictions have been recorded which means drivers are not taking notice of the warnings that the car insurance industry has given. Drivers need to work out whether cutting a couple of minutes of a journey is worth the penalty points and large fines.

Traditionally, women pay less for their insurance as they are considered to be safer drivers. However, when it comes to penalty points, research shows that women are more heavily penalised and see increases of up to 80%. This shows that everyone has to be careful when on the roads to avoid large fines.

Driving carefully is a good start to cheaper insurance and customers should follow this up by shopping online and comparing the leading providers with minimal stress and hassle.

Having points on your license can seriously affect your insurance premium. Especially when new drivers look for cheap car insurance as they are affected the most. For the best prices on car insurance shop online and compare the leading insurers.

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