Motorists really should not exceed the speed limit on the road they are traveling on as there are a number of potential implications including car insurance premiums going up. Research carried out by the price comparison website comparethemarket.com has revealed some interesting data in this respect.
There are severe penalties if you are caught speeding.
According to their research, if someone was to be caught speeding and have 6 points added to their license then the average car insurance premium could increase by as much as £328 per annum – from £432 per annum to £760 per annum. That equates to a rise of over 75% that we are sure you will agree is a huge increase and one that you would prefer to avoid.
The above price comparison website also discovered that 40 to 49 year old males were much more likely to be unfortunate enough to be caught speeding and receive 6 points than female drivers in that age range. Based upon data for February, there were 3,170 ladies in that age group who received 6 points whereas there were 8,681 gentlemen in the same age range receiving the same number of points on their driving license.
So, as you can see, motorists caught speeding are going to be “hit in the pocket” with a rise in the cost of their car insurance. Motorists may also be interested to read that the above is not the only consequence as they could also be fined a significant sum of money. If you are caught speeding then you could be faced with having to pay a fine based upon a percentage of their income. The fine could be anything from 25% to 175% of weekly income with a maximum of £1,000 being payable in respect of being caught speeding on any other road than a motorway. On a motorway, the fine could be up to as much as £2,500. Again, you will no doubt agree those are significant sums of money.
So, don’t break the speed limit in your motor vehicle otherwise you could be faced with a number of unpleasant consequences including an expensive fine and an increase in the cost of your car insurance.
