NIP - will it effect my insurance
Discussion
Got caught speeding in May doing 50 in a 40, first time on years, so did the speed awareness course. Bugger me got caught Wed for same offence, but this time doing 45 in a 40. Guess I'll have to take the 3 points since I've already done the SA course.
So what's the repercussions of 3 points on a licence? Renewed insurance on 27th so it'll be a year before I have to tell 'em. Is that right or do I have to tell them now?
So what's the repercussions of 3 points on a licence? Renewed insurance on 27th so it'll be a year before I have to tell 'em. Is that right or do I have to tell them now?
Read the T&Cs of your insurance policy document.
Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
RSTurboPaul said:
Read the T&Cs of your insurance policy document.
Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
That’s all wrong. His price will not go up this year whether he tells them or not, nor will it be affected if he doesn’t tell them until renewal. Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
RSTurboPaul said:
Read the T&Cs of your insurance policy document.
Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
What makes you think it will be an SP40?Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
Lindun said:
RSTurboPaul said:
Read the T&Cs of your insurance policy document.
Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
That’s all wrong. His price will not go up this year whether he tells them or not, nor will it be affected if he doesn’t tell them until renewal. Some companies only need advising on renewal, some need advising immediately.
In theory you could not tell them and get a year without it on the insurance, to save a few quid, but you might then spend a lot of quid if you have an accident and they refuse to cover you because you didn't inform them of a change to your circumstances that would have affected what quotation they gave you.
SP40 is unlikely to make any major difference to you premium so you might as well tell them and be done with!
45 in a 40 is harsh, though - that's under the 10%+2mph ACPO guidelines (assuming they are still recommended). Whereabouts was it?
martinbiz said:
OP look at your policy or phone and then you will know, but whenever you need to tell them you will not need to pay any more until renewal.
ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
He won’t pay more this year no matter who he’s with. He may or may not pay more next year. ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
martinbiz said:
OP look at your policy or phone and then you will know, but whenever you need to tell them you will not need to pay any more until renewal.
ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
Utterly wrong. The ABI ruled on this years ago. In the UK, an insurer cannot insist in being told about convictions mid term, unless they come with a ban and you're meant to be the main driver, and if they are told, out of the goodness of your heart, they cannot charge you additional premium (but can charge an admin fee)ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
TwigtheWonderkid said:
Shuvi McTupya said:
I have had a couple of 3 pointers in the last two years and i think my premium has gone up by about £50 in total.
On it's own, that's pretty hopeless info. If your premium before hand was £100, that's pretty grim. If it was £2K, that's a great result. Thanks all. Current premium on a Sportage is £230 so I shouldn't expect it to go up much? Think I will tell them, otherwise they've got wiggle room should I have an accident during the year.
It was on the A45 around Rushden, going from 70 down to 40 in roadworks - a police transit van at the side of the road. What's worse I saw the bugger but obviously didn't slow down quickly enough
It was on the A45 around Rushden, going from 70 down to 40 in roadworks - a police transit van at the side of the road. What's worse I saw the bugger but obviously didn't slow down quickly enough
ColinM50 said:
Thanks all. Current premium on a Sportage is £230 so I shouldn't expect it to go up much? Think I will tell them, otherwise they've got wiggle room should I have an accident during the year.
It was on the A45 around Rushden, going from 70 down to 40 in roadworks - a police transit van at the side of the road. What's worse I saw the bugger but obviously didn't slow down quickly enough
They’ve not got any wriggle room at all. It was on the A45 around Rushden, going from 70 down to 40 in roadworks - a police transit van at the side of the road. What's worse I saw the bugger but obviously didn't slow down quickly enough
TwigtheWonderkid said:
martinbiz said:
OP look at your policy or phone and then you will know, but whenever you need to tell them you will not need to pay any more until renewal.
ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
Utterly wrong. The ABI ruled on this years ago. In the UK, an insurer cannot insist in being told about convictions mid term, unless they come with a ban and you're meant to be the main driver, and if they are told, out of the goodness of your heart, they cannot charge you additional premium (but can charge an admin fee)ignore people saying you will or won't pay more, each case is individual and any loading on your premium at renewal will depend on many factors
So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
TwigtheWonderkid said:
Utterly wrong. The ABI ruled on this years ago. In the UK, an insurer cannot insist in being told about convictions mid term, unless they come with a ban and you're meant to be the main driver, and if they are told, out of the goodness of your heart, they cannot charge you additional premium (but can charge an admin fee)
So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
How can the ABI rule on anything? They are a trade body created to promote and market the insurance industry. They may try to bring some consistency at times and show that stuff doesn’t need to be legislated on but at best it would be a very voluntary code of conduct. So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
Lindun said:
TwigtheWonderkid said:
Utterly wrong. The ABI ruled on this years ago. In the UK, an insurer cannot insist in being told about convictions mid term, unless they come with a ban and you're meant to be the main driver, and if they are told, out of the goodness of your heart, they cannot charge you additional premium (but can charge an admin fee)
So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
How can the ABI rule on anything? They are a trade body created to promote and market the insurance industry. They may try to bring some consistency at times and show that stuff doesn’t need to be legislated on but at best it would be a very voluntary code of conduct. So don't listen to Martinbiz and just don't tell them. But make sure you remember to tell them at next renewal.
No need to read your contract.
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