3 Points adds £400 to Insurance
Discussion
I'm looking at insurance quotes and the 3 Points I got back in May 2016 seem to be adding £400 to Insurance.
Tried it on lots of different cars of varying power, Fiesta 1.2, Golf 1.4, Golf R, Audi S4 and all the prices are consistently £400 higher when I declare the points.
Yes. Speeding is bad, don't do it blah blah blah, but surely this can't be right?
Tried it on lots of different cars of varying power, Fiesta 1.2, Golf 1.4, Golf R, Audi S4 and all the prices are consistently £400 higher when I declare the points.
Yes. Speeding is bad, don't do it blah blah blah, but surely this can't be right?
Edited by ashleyman on Tuesday 17th October 12:50
ashleyman said:
I'm looking at insurance quotes and the 3 Points I got back in May 2016 seem to be adding £400 to Insurance.
Tried it on lots of different cars of varying power, Fiesta 1.2, Golf 1.4, Golf R, Audi S4 and all the prices are consistently £400 higher when I declare the points.
Yes. Speeding is bad, don't do it blah blah blah, but surely this can't be right?
£100/3pt SP30 FPN? Or something a bit more involved from a day in court?Tried it on lots of different cars of varying power, Fiesta 1.2, Golf 1.4, Golf R, Audi S4 and all the prices are consistently £400 higher when I declare the points.
Yes. Speeding is bad, don't do it blah blah blah, but surely this can't be right?
£400 on a premium of what kind of size...? £400 on a £200 premium is a very different situation to £400 on a £2000 premium.
What age are you, and what's the rest of your record look like? If you're already a high risk, then it may be the tipping point to "Woah, no.". For a low-risk driver, it's going to add virtually no risk.
Age 27
License held for 8 years and 8 years no claims.
Never claimed
3 points £100 fine. No court. Standard SP30
South London / Surrey border
Cheapest policy on my Golf R without points is £771 with points is £1106
Cheapest policy on Audi S4 I want to buy is £991 but with points is £1300
Fiesta I used to own is £551 without points or £990 with.
All quotes include my wife as a second names driver.
License held for 8 years and 8 years no claims.
Never claimed
3 points £100 fine. No court. Standard SP30
South London / Surrey border
Cheapest policy on my Golf R without points is £771 with points is £1106
Cheapest policy on Audi S4 I want to buy is £991 but with points is £1300
Fiesta I used to own is £551 without points or £990 with.
All quotes include my wife as a second names driver.
It's generally true that points for speeding make more difference than they did a few years ago. Part of the reason is speed awareness courses. In days of yore having 3 points on your licence meant that you'd been caught speeding once, and more likely than not you were only a small amount over the limit. Nowadays the vast majority of people in that situation take a speed awareness course - so most people with 3 points have either been caught twice, or been caught a long way over the limit (that or they think they're brilliant drivers who couldn't possibly have anything to learn from a course). So insurers are less likely to disregard the first 3 points than they once were.
Still surprised that it makes so much difference to someone who isn't obviously in a high risk group... but all you can really do is get as many quotes as possible.
Still surprised that it makes so much difference to someone who isn't obviously in a high risk group... but all you can really do is get as many quotes as possible.
Insurance companies will find any way theyc an to add to your premium
Shop around, go to someone like MCE who advertises that they are happy to talk to people who have points.
Someone, somewhere will take you on and not charge you the earth, comparison sites do not cater for anything other than the norm and give a different view.
Try joining a VW owners club, that can often reduce a premium, and they might also suggest places that offer discounts for a car like yours.
All is not lost.
I drive a 12 year old Mazda 2 (cant see the point in quick road cars where I live) for Gods sake and was amazed at how much difference one SP30 made, literally 150 quid on any quote. Luckily I did not get the ticket!!!
It's because of speed awareness courses. They can't ask you if you have been on one, but some do, avoid them obviously. However, if you get an SP30, they know it's because you have been done twice in a period of time, so they have you over a barrel.
As usual.
Shop around, go to someone like MCE who advertises that they are happy to talk to people who have points.
Someone, somewhere will take you on and not charge you the earth, comparison sites do not cater for anything other than the norm and give a different view.
Try joining a VW owners club, that can often reduce a premium, and they might also suggest places that offer discounts for a car like yours.
All is not lost.
I drive a 12 year old Mazda 2 (cant see the point in quick road cars where I live) for Gods sake and was amazed at how much difference one SP30 made, literally 150 quid on any quote. Luckily I did not get the ticket!!!
It's because of speed awareness courses. They can't ask you if you have been on one, but some do, avoid them obviously. However, if you get an SP30, they know it's because you have been done twice in a period of time, so they have you over a barrel.
As usual.
chunder27 said:
It's because of speed awareness courses. They can't ask you if you have been on one, but some do, avoid them obviously.
I'm sure Twig can correct me if I'm wrong but I thought insurance companies could ask whether you'd been on a speed awareness course, it's just that many don't. Other than that, under 30 years old, powerful car, in/around London + 3 points --> insurance over 1k doesn't seem that far wrong to me. Just to test, put your age as 30 years and 2 days at the start of the policy and see what a couple of years does to your insurance quote.
Alucidnation said:
My insurance went up a massive £25 when I got three points a couple of years ago.
Scandalous.
I picked up 3 points (SP30) back in 2010 and the following years insurance actually went down.Scandalous.
This year however after being rear ended by an uninsured driver my renewal has gone up.
They make the rules up as they go....
QuickQuack said:
I'm sure Twig can correct me if I'm wrong but I thought insurance companies could ask whether you'd been on a speed awareness course, it's just that many don't.
Other than that, under 30 years old, powerful car, in/around London + 3 points --> insurance over 1k doesn't seem that far wrong to me. Just to test, put your age as 30 years and 2 days at the start of the policy and see what a couple of years does to your insurance quote.
Insurers can ask anything they like. But you don't always have to answer; eg spent convictions under the Rehabilitation of Offenders Act. But you must declare a SAC if asked.Other than that, under 30 years old, powerful car, in/around London + 3 points --> insurance over 1k doesn't seem that far wrong to me. Just to test, put your age as 30 years and 2 days at the start of the policy and see what a couple of years does to your insurance quote.
chunder27 said:
It's because of speed awareness courses. They can't ask you if you have been on one, but some do, avoid them obviously. However, if you get an SP30, they know it's because you have been done twice in a period of time, so they have you over a barrel.
As usual.
Completely wrong. They can ask you about speed awareness courses, but so far only the Admiral group of companies choose to.As usual.
And how do they know you've been done twice? Not everyone gets offered a SAC, so you can have an SP30 and have only been caught once.
You're talking tripe.
chunder27 said:
Shop around, go to someone like MCE who advertises that they are happy to talk to people who have points.
MCE mostly insure more serious forms of road crime. They also have a limit on car value of £12,000 which is no good for me trying to insure a £45,000 Audi S4!QuickQuack said:
Other than that, under 30 years old, powerful car, in/around London + 3 points --> insurance over 1k doesn't seem that far wrong to me. Just to test, put your age as 30 years and 2 days at the start of the policy and see what a couple of years does to your insurance quote.
Brings the premium down by £300 but again, there is still a substantial difference between the points and no points quotations.Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
Edited by ashleyman on Tuesday 17th October 15:32
ashleyman said:
Brings the premium down by £300 but again, there is still a substantial difference between the points and no points quotations.
Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
I think they must have seen some of your dash cam collection.Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
Edited by ashleyman on Tuesday 17th October 15:32
Monkeylegend said:
ashleyman said:
Brings the premium down by £300 but again, there is still a substantial difference between the points and no points quotations.
Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
I think they must have seen some of your dash cam collection.Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
Edited by ashleyman on Tuesday 17th October 15:32
ashleyman said:
Monkeylegend said:
ashleyman said:
Brings the premium down by £300 but again, there is still a substantial difference between the points and no points quotations.
Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
I think they must have seen some of your dash cam collection.Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
Edited by ashleyman on Tuesday 17th October 15:32
ashleyman said:
Brings the premium down by £300 but again, there is still a substantial difference between the points and no points quotations.
Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
thing is its not just a single change as gar as they are concerned.Please don't think I don't understand how insurance works or that it's based on risk. I expect to pay an increased premium because of where I live and what car I drive. I get that. I also expect to pay more because I was a naughty boy and got caught speeding. But to ask for £400 per year more doesn't seem fair or right. If I had a drink driving charge or DWDCA then perhaps it would make sense but £400 is a pretty much 50% of what my policy would be without points.
It just doesn't make sense and certainly wasn't in line with my expectations.
Edited by anonymous-user on Tuesday 17th October 15:32
you see yourself as a single person with rhe only difference being an sp30.
but insurance companies dont work like that , their risks are like multiple 3D models. by having points you havent just moved slightly on an excel spreadsheet you've jumped to a completely different sheet and everything is then reconfigured.
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