Driving License Endorsement Period and Car Insurance

[SpeedBash]

Probably an oft asked question so apologies in advance but wanted to confirm my understanding.

With regards the below offence:

An SP30 endorsement is a four year endorsement. Correct?
However, it is 'valid' for three years but stays on your licence for four years as that is the endorsement period. Correct?
Legally, it needs to be declared to car insurance providers for five years. Correct?
Do car insurance providers factor in the endorsement after the three year validity period?
If so, when do they stop factoring in the endorsement? After four or five years?

My car insurance is up for renewal in June and wanted to make sure I continued to declare the points if legally required to.

TIA.

[SS2.]

For a straightforward speeding offence, penalty points:

• are valid for totting for 3 years.
• must remain on your driving record for 4 years.
• are required to be declared to insurers for 5 years.

All taken from date of offence.

Whether or not (and by how much) an insurer takes an endorsement into account before the 5 year period has expired will vary from company to company.

Edited by SS2. on Thursday 21st April 06:37

[mickyh7]

It's all a bit silly really because the Insurers know exactly what endorsements you have on your licence anyway.
So telling lies is futile.
It's when you put in a claim the fun starts.
They will deduct a percentage of your payout to cover the original savings you made on your premium.
Someone who knows more will post soon I hope, but I'm sure I'm close.

[Durzel]

mickyh7 said:

It's all a bit silly really because the Insurers know exactly what endorsements you have on your licence anyway.

I think they need your driving licence number for that, which I don't think all insurers ask for.

I've seen some online quote systems asking for it, but others just ask you to give the dates of offences & number of points/fine given, etc.

[mickyh7]

Durzel said:

I think they need your driving licence number for that, which I don't think all insurers ask for.

I've seen some online quote systems asking for it, but others just ask you to give the dates of offences & number of points/fine given, etc.

They always find out when you claim?
Maybe they then demand the Licence Number!

[TwigtheWonderkid]

mickyh7 said:

Durzel said:

I think they need your driving licence number for that, which I don't think all insurers ask for.

I've seen some online quote systems asking for it, but others just ask you to give the dates of offences & number of points/fine given, etc.

They always find out when you claim?
Maybe they then demand the Licence Number!

That's right. To do a licence check for every customer, most of whom tell the truth, is time consuming thus costs money. Just do it for those that claim, or make a large claim.

[TwigtheWonderkid]

mickyh7 said:

They will deduct a percentage of your payout to cover the original savings you made on your premium.

That depends on the nature of the non disclosure (if they feel it was accidental or deliberate) and if they would have covered you at all had they known the truth.

[mickyh7]

TwigtheWonderkid said:

mickyh7 said:

They will deduct a percentage of your payout to cover the original savings you made on your premium.

That depends on the nature of the non disclosure (if they feel it was accidental or deliberate) and if they would have covered you at all had they known the truth.

[Buzz84]

Only way you will know is to get a quote with your current details (endorsement in April 2019).

Edit the quote and re run it with the endorsement date as April 2018 and see what the difference in price is. you can also do one without the endorsement at all.

As I understand it, the points don't need to be declared to insurance by law as such. But as you are entering into a contract with them, you have to tell the truth when they ask you questions to set up the policy.

IE its entirely possible that a insurance company could ask if you have had a speeding fine within the last 10 years... If you had had an endorsement 8 years ago and said no, the answer would be a lie and therefore breach of contract.
(the reason they don't is probably that there is a legal thing saying all questions must ask for appropriate info, so anything above 5 years of driving history is probably irrelevant)

[TwigtheWonderkid]

Buzz84 said:

IE its entirely possible that a insurance company could ask if you have had a speeding fine within the last 10 years... If you had had an endorsement 8 years ago and said no, the answer would be a lie and therefore breach of contract.

Nope, you need to read up on the rehabilitation of offenders act.