Insurance premiums 'will not increase for speeding drivers'

Article Published On 17 May 2007

Caravan drivers who are caught speeding and receive points on their licence may not necessarily see their insurance premiums increase in the future.

The Swinton insurance company revealed that increases in the numbers of speed cameras in UK roads meant that it would no longer be increasing insurance premiums for drivers who are penalised for speeding.

According to the company, insurers were "having to accept that points alone can no longer be used as a yardstick for driver evaluation".

Neil Ackinclose of Swinton explained: "Over the last few years we have seen a dramatic increase in the number of drivers with penalty points requesting insurance.

"A few years ago insurers might have assumed that a motorist with six or more points on their license was a reckless driver, but that is no longer necessarily the case.

"As that figure continues to grow - with some estimating the actual number of drivers with points to be in the region of ten million - insurance providers are having to accept that points alone can no longer be used as a yardstick for driver evaluation."

This news will be welcomed by caravan drivers who have seen their insurance premiums steadily rise in recent years.

The most recent data from the AA shows that the average cost of motor insurance for a UK driver was £802 during the first quarter of 2007 - after increasing by over four per cent in the last three months of 2006.

 

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