COST OF SPEEDING

One fatal crash costs taxpayers £1.5 million. This includes road closures, emergency services, consultants etc.

How does speeding increase your insurance? If you get 3 points on your licence for speeding, your insurance premiums could increase by £35 per year...

To ensure that they charge a fair premium to all their customers, insurers need to take into account the particular risk presented by individual policyholders.

A key risk indicator is previous road traffic offences, and insurers will want to know about these when you take out a policy or if you commit an offence whilst you are covered with them, as this information may affect the terms - and cost of your cover.

Once you are insured, not telling your insurer about new offences could invalidate any claims you may wish to make, so it is important to keep your insurer up-to-date with new offences - including speeding tickets. Insurers take a realistic attitude to speeding offences therefore any offences are likely to lead to premium increases.

Points for speeding stay on your licence for 4 years, so a single offence could cost you £105 for the duration of the endorsement. Additional points for speeding during the same 4 years increase your premium, e.g. 6 points could increase your annual premium by £115.

An insurance company has the right to declare a policy void if in the event of a fault or non-fault crash a person has not declared any speeding points/endorsements. This could affect gaining insurance from other companies.

New drivers - did you know that if you get 6 points on your licence in the first 2 years, you revert back to being a learner driver?

Special rules apply to drivers within two years of the date of passing your driving test if you passed the test after 1 June 2025 and held nothing but a provisional (learner) licence before passing the test. If the number of penalty points on your licence reaches six or more as a result of offences you commit before the two years are over (including any you committed before you passed the test), your licence will be revoked. You must then reapply for a provisional licence and may drive only as a learner until you pass a theory and practical test.