Speeding Insurance For Car Drivers
Information for car owners on the implications of speeding and companies who provide speeding insurance cover.
Everyone who takes to the road in a car could potentially exceed the speed limit. It may not be deliberate; you may have only broken the speed limit by 1mph. However, the law is the law and if you are caught you should expect a fine and points on your driving licence.
It has been estimated that up to 2.5 million people have unexpired points from speeding offences. One of the reasons for the sharp increase in people being caught speeding is due to the ever increasing amount of speed cameras in the UK.
Car drivers generally get three points on their licence for a speeding offence and can expect to be disqualified if they accumulate 12 points. If you are convicted of speeding and points are added to your driving licence you are obliged to inform your car insurance company and should expect your premium to rise as a result.
However, if you are convicted a fourth time you should expect to lose your driving licence. Those who are disqualified from driving are effectively immobilised.
The good news is that you can now protect yourself from potential immobility should you be disqualified from driving your car. This new speeding insurance product is designed to subsidise the cost of public transport, thus enabling disqualified drivers to remain mobile. Under no circumstances will the speeding insurance policy be made available to drivers who are convicted of driving recklessly or while under the influence of alcohol or drugs. It will be made available to those car drivers who may have points on their licence and make a simple mistake which takes them to the 12 point limit, thus disqualifying them from driving their car.
This speeding insurance policy costs £50 a year and pays drivers up to £6,000 towards alternative transport arrangements if they lose their licence. It is ideal for those reliant on their car to get to work, or need to carry out the simple day-to-day tasks like shopping and taking the kids to school without running up huge taxi bills or waiting for buses.