SP30 insurance massive increase

[Jumpingjackflash]

hello,

I have just informed my insurance of a SP30 6 points and £700 fine. My insurance for my McLaren went up £1300!!!

Does that sound correct? Sounds excessive.

[Welshbeef]

Worst I’ve got a Mclaren post ever wink

[theboss]

I had the same experience. A few years later I got another SP30 and it stayed the same, so look on the bright side, you can afford to take another one now.

[croyde]

Blimey!

Mine just went up about £20 for the same, a SP30, but my fine was only £100.

That was a 10% increase in my premium.

What percentage was your increase?

I only ask as I presume that a McLaren is a mite more to insure than my 1998 e36.

[Pica-Pica]

Having the accompanying 6 points tells the insurer more than just 3 points. What was your actual speed and the limit?

[anonymous-user]

Six points for an SP30 suggests itnwas a bit more than a standard speeding.

It will be due to that, unless you have other circumstances such as claims or other convictions.

[anonymous-user]

The 6 points indicates you weren't just a few mph over the limit, I would guess something like 50 or higher in a 30 limit.

It sounds like your risk profile with the points no longer fits the insurers risk profile and they don't really want your business.

[ZOLLAR]

Jumpingjackflash said:

hello,

I have just informed my insurance of a SP30 6 points and £700 fine. My insurance for my McLaren went up £1300!!!

Does that sound correct? Sounds excessive.

I suppose you were right about the McLaren being too fast for UK roads

https://www.pistonheads.com/gassing/topic.asp?h=0&...

[Saleen836]

A friend of mine got caught in his R8, went to court received 6 points and a fine, did the right thing and informed his insurance company who instantly increased his premium by 50%, so yes it is normal

[ZOLLAR]

Saleen836 said:

A friend of mine got caught in his R8, went to court received 6 points and a fine, did the right thing and informed his insurance company who instantly increased his premium by 50%, so yes it is normal

At Renewal they increased his premium, not instantly.

[HantsRat]

SP30 £700 fine plus 6 points means you weren't doing a few mph over the speed limit. It would have been more likely double. Insurers know this hence the increase.

[Johnnytheboy]

Years ago I had a Puma and paid about £300 for insurance. My renewal quote was about the same. I got an SP30 just before I renewed, informed my insurer and they said "make that £475".

I shopped around and got it for £300.

[agtlaw]

HantsRat said:

SP30 £700 fine plus 6 points means you weren't doing a few mph over the speed limit. It would have been more likely double. Insurers know this hence the increase.

We don’t yet know what the limit was. It could be that he wasn’t significantly over. 98/70 is nowhere near double the speed limit. 50/30 would be closer, of course.

[HantsRat]

agtlaw said:

We don’t yet know what the limit was. It could be that he wasn’t significantly over. 98/70 is nowhere near double the speed limit. 50/30 would be closer, of course.

From experience magistrates don't tend to impose 6 points for 50/30. My estimate would be a lot higher speed then the entry level for a SJPN. SP30 so non motorway. Could've have been a dual carriageway though.

[agtlaw]

HantsRat said:

From experience magistrates don't tend to impose 6 points for 50/30 79/70. My estimate would be a lot higher speed then the entry level for a SJPN.

98/70.

And you’re wrong, as usual.

[HantsRat]

agtlaw said:

98/70.

And you’re wrong, as usual.

Yes hence the edit. Typo. I'm not wrong. It's just from my experience like I said. Keep the toys in the pram

[agtlaw]

Extremely limited experience from the sound of it.

[HantsRat]

agtlaw said:

Extremely limited experience from the sound of it.

You're sounding very defensive today, If you'll pardon the pun.

I wouldn't say vast experience but from the last 7 or so cases for low 50's in a 30, the mags mostly gave 4/5 points. 6 points were for the 60+'s (or bans)

[cmaguire]

As regards the classification, they are sloppy or clueless anyway, so you can't read too much into SP30.

Twice now I have had SP30 endorsed for what should have been SP50

[Shuvi McTupya]

My insurance company screwed up when i changed my car 6 months ago and recorded an incorrect license plate so theoretically i wasn't actually insured.
The police pulled me over when their box went 'ping' as i drove passed them but they were understanding after speaking to my insurance company and seeing the the license plate was one digit wrong.

The insurance company promised me a discount on my next renewal as an apology.

I then declared an SP30 (and £100 fine) and they told me my insurance would possibly go up by about 10% at renewal time. I got the renewal price and then asked them about the discount they promised. After a brief chat with his 'manager' i was informed that they were no longer going to give me the discount they promised because of the SP30..cheeky buggers!