Friday 12th August 2005

Company insures against speeding fines

You have to move to Sweden to buy it though...

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Insurance might help...

We hear from Reuters that a company is offering insurance against both parking fines and speeding tickets. It claims to be the first in the field. Sadly, it's in Sweden only.

It costs some £80 annually and covers up to three speeding tickets in that period, provided you're not driving at more than 30 kph -- about 19mph -- over the legal limit. Parking fine protection is an optional extra.

Swedish fines range from £60 to £150 for speeding and £30 to £50 for parking offences.

The company's marketing man said that insuring against speeding fines is not illegal but that repeat offenders may still lose their licence. He reckoned that thousands of drivers have signed up since the scheme started in May.

Sounds like a gap in the UK market to us...

[DavidCane]

Does this policy just payout the vaule of the fine, or does it somehow protect you from gettng points?
I can't see it being the latter because that would surely be illegal - yet it's the points that knacker your car insurance.

Hmmmm....

[MILF]

Seem to remember as well an Insurance Policy that, for an agreed premium & should you be banned for drink driving, would for the duration of the ban, pay a driver to transport you around at a cost to the Insurers.

Urban myth ?

Any Lloyds Underwriters on here at all ?

[dvs_dave]

I wonder if it covers premium increases caused by speeding offences?

[deva link]

There used to be the St Christophers Motoring Association, which paid for a driver if you got banned (and *I think* if you couldn't drive for medical reasons etc). IIRC they wouldn't cover people who were more than twice the drink/drive limit.
Haven't heard of them for some years, though.

[sjg]

deva link said:

There used to be the St Christophers Motoring Association, which paid for a driver if you got banned (and *I think* if you couldn't drive for medical reasons etc). IIRC they wouldn't cover people who were more than twice the drink/drive limit. Haven't heard of them for some years, though.

I remember my dad joining them about 10 years ago; as far as I know he's still with them.