insurance revolution has explored the various penalty points received for traffic violations and how they can increase the cost of insurance.
penalty points and the effect on your insurance
Reading: How many points raise your insurance
There is a wide range of factors that could affect the cost of your auto insurance. These factors can affect your premium positively or negatively. These factors include, but are not limited to, your occupation, the vehicle you drive, your claim history, and of course, your penalty points. Unfortunately, the points on your license will only negatively affect the cost of your insurance, as insurers will consider you riskier than someone with a clean license.
what are penalty points?
You will receive penalty points on your license if you are convicted of a driving offense. Not all motoring convictions have the same amount of penalty points that are awarded as punishment, the more serious the offense, the more points are awarded. In most cases, if he receives 12 penalty points in a 3-year period, he will receive a driving ban.
why do you get penalty points?
There are many different ways to receive penalty points on your license. These can range from speeding to driving on bad tires. Below are the main examples of how you would receive points on your license and how many points convictions would give you. each section has a variety of different convictions within it, for example there are 5 different offenses related to speeding, (sp).
the full list can be found here.
How many penalty points result in a driving ban?
You may be banned from driving if you are convicted of a driving offense or receive 12 or more penalty points in a three-year period.
You may be prohibited from driving if you have 12 or more existing penalty points on your license. the ban can last for 6 months if you receive 12 or more penalty points within 3 years, or 12 months if you receive a second disqualification within a 3-year period, and finally a 2-year ban for a third disqualification within 3 years .
How do penalty points affect my car insurance premiums?
When insurers calculate a particular premium, they do so based on risk. prices are based on the probability of a loss occurring; Simply put, the lower the chance of a loss, the lower the premium.
See also: Paying out when you need it – Aviva
Insurers take into account many factors when calculating the premium, since there are a large number of elements that can change the risk. Some of these factors include but are not limited to your occupation, your address, the vehicle you are driving, and of course one of the most important factors is you. insurers will consider how safe the driver is.
If someone has been driving for many years and has never been involved in a claim or received penalty points, I’m sure you can assume that they would be seen as a safer driver than someone who has received penalty points. That is why having penalty points can negatively affect his premiums as he is considered a higher risk and therefore more likely to be involved in a claim.
However, points don’t stay on your license forever, if you drive for a few years without incident, eventually these points will be removed from your license and insurers will no longer have to consider them during a quote.
Is there a way to lower my auto insurance premiums even if I have penalty points?
yes, as mentioned above, there are many factors that determine the risk of the policy. Obviously, it’s not feasible to change your occupation or your address just to try to lower your car insurance, but there are a couple of things you can do.
For example, if you have a garage, you can make sure the vehicle stays there overnight instead of on the road, but the easiest thing to change is the vehicle itself. larger cars and those with a more powerful engine are usually more expensive to insure, so to reduce the price of your car insurance you can opt for a cheaper car to insure, there are more details on the cheapest cars to insure here.
So, while it’s true that having penalty points can negatively affect your car insurance premiums in the short term, it won’t last forever, and there are ways you can keep your premiums as low as possible before they hit. points are no longer available. your license.