The Real Cost Of Driving Offences On Your Insurance

Mon 16th Nov 2020

Dangerous drivers in the UK are punished in more ways than one for their motoring offences with some having to pay an extra £140 on their car insurance, with premiums rising with each offence committed.

New research from MoneySuperMarket has found the true cost of getting points on your licence, with insurers hitting offenders hard with higher premiums. According to the analysis, a first offence will add an average of £139 to a driver’s insurance premium, and a second offence adds an additional 15 per cent on to your premium. Three points on your licence will cost you an extra £160.

And while it might take four years to clear penalty points off your licence, the whiff of danger remains much longer on your insurance quote, with premiums remaining higher for those who have previously had penalties. And those who constantly break the rules of the road will find that their options on insurance companies are also limited, a typical enquiry on the MoneySuperMarket website would return 80 quotes, but those with four or five offenses would likely see between six and 10 options on average.

“Driving offences that lead to points on a driver’s license can have a big impact on car insurance costs, as well as impacting the number of car insurance options to choose from,” said Dave Merrick from MoneySuperMarket. “Our research shows that 10 percent of enquirers have committed at least one driving offence, which means one in 10 drivers may be seeing fewer car insurance options.

“But even if you do have points or offences, there are things you can do to help to bring premiums down. Keeping your car secure, increasing the excess on your policy and, in certain cases, installing a telematics device can all help to lower the cost. And as always the best way to ensure the cheapest deal is to shop around.”