How will this affect car insurance premiums?
However, fines are not the only ways you could find yourself out of pocket if caught speeding. We found that those who receive points on their licence also face higher premiums as a result; drivers with up to six points collectively pay £352 million in premiums each year.**
If you receive six points, you could see your premium jump by almost 76% from an average of £432 to £760 a year – a difference of £328. As of February last year, there were 463,230 drivers with six points on their licence, meaning those with driving offences are paying an estimated £152 million more than those without points.
We found that men aged between 40 and 49 years old are most likely to receive points. 8,681 drivers who were awarded six points in February 2016 fell into this group. By contrast, only 3,170 40-49 year old women were awarded six points over the same timeframe. Our data shows that the average premium for this age group is £484 but six points on their licence could see premiums across this age group increase to £851. This is the last thing that many drivers need given the rising cost of car insurance in general.