How much is insurance likely to go up with a speeding ticket?
Motorway speeding convictions, coded SP50 on your licence, could add an average of £101 to your annual car insurance bill, according to market research company Consumer Intelligence.
If you’re caught speeding on a public road – SP30 – it’s likely to add around £36 a year. This is based on analysis of 36,000 car insurance quotes, between April 2017 to April 2018.
The data also found that the extra cost of a speeding conviction is proportionally higher for the over 50s. They could see their premium rise by £58 for any speeding convictions – £166 a year for a motorway speeding offence.
Average premiums and cost of speeding
|Type of driver
Cost with no
Cost with any
Cost with SP30
Cost with SP50
Insurance providers ask that drivers declare any motoring convictions they’ve received within the past five years. So, if you don't declare yours when you apply for insurance, it will invalidate your cover. And if you’re convicted of a driving office after taking up insurance, you should let your insurance provider know.