Tuesday, 31 July 2012

NEWS - The costs of speeding...

Aside from the actual fines from speeding offences, people do not often realise that there are other financial implications. But what extent do these go to? Well luckily there are people who wish to answer this question

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.

James Flynn OBE, CEO of RoadPilot, comments, “The everyday costs of motoring continue to rise, so the last thing motorists can afford is a speeding endorsement. Insurance premiums for both men and women with no convictions have increased, on average, by 12 per cent over the last six months to an all-time high, so a further £90 increase, on average, to insurance premiums each year has a significant impact on overall vehicle running costs.”

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