• Speeding convictions can add nearly 30% to cost of insurance
• The notion of the boy racer may be outdated, with thirty-somethings the most likely to speed
Research from Confused.com has revealed drivers taking risks with the speed limit could end up paying up to 27% more for their premium. A young admin assistant1 adding two convictions to their policy will pay a penalty of £168.
Contrary to the belief that putting the pedal to the metal is the domain of young drivers, speeding convictions actually peak between the ages of 31 – 35 2
The summer months are the speeding capital of the calendar, with speeding convictions dropping steadily throughout the winter months and 50% more speeding convictions being obtained in June compared to the annual low of December. This suggests that drivers slow down and take better care during the rough driving conditions in winter months.
Singletons are more likely to be careful than their common-law counterparts, only 10.6% of those speed compared to 16.7% of those in a common-law relationship.
Unsurprisingly drivers of high performance cars are more likely to be caught speeding. Drivers of Maseratis, Porsche’s and SAAB’s are twice as likely to hold a speeding conviction as Proton, Daewoo and Rover Drivers.
Will Thomas, head of motor at Confused.com says “Whilst it may be tempting to put your foot down when you’re in a rush, it is important to think of the implications of going over the limit. Speed contributes to the ability of drivers to brake and avoid an accident and undoubtedly affects the amount of damage in the event a collision can’t be avoided.
“When it comes to gambling with the speed limit, it is always better to be safe than sorry. Without taking into account how dangerous the extra speed is to other drivers and pedestrians, the fines and the points, speeding also has the potential to be very costly when it comes to getting insurance. With premiums now standing at £6503 on average according to the latest Confused.com motor insurance index and young drivers suffering the most, now is not the time to risk blighting your driving record.”
For further information please contact:
Press Office, Confused.com 02920 434 398
Notes to editors
2 15% of under 26 compared to 16% 31-35 year olds
3Confused.com and EMB price index Q3 2010 - uses data from 13 million real quotes
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.