Speeding and insurance

[Esceptico]

Anyone on here work in insurance and know how time since a speeding offence affects the premium? Say you get caught today then next renewal is going to be bad and you have to disclose it for 5 years but I assume that the loading reduces each year.

[TwigtheWonderkid]

Usually yes, but the amount of the reduction year on year varies between insurers, and the age of the driver, and the car they drive etc etc.

[angrypirate]

Penalty points only last 4 years at which time you do not have to legally declare them even if they ask.
http://www.telegraph.co.uk/finance/personalfinance...

[TooMany2cvs]

Esceptico said:

Anyone on here work in insurance and know how time since a speeding offence affects the premium?

Depends entirely on how each insurer views a single three-point FP. Or however many you've got.

If you're a low risk driver in a low-risk car, they may ignore it entirely.
If you're an 18yo in a fast barrymobile, they may decide it's a flag for you being very high-risk.

Ask a passing meerkat.