We all know that if you get caught speeding you can expect to pay a fine, but do you know how much a speeding conviction can cost you in the long-term? Driving above the speed limit obviously puts other road users and pedestrians at risk, but it can also have a major impact on your car insurance premiums, according to moneysupermarket.com.
Its research reveals that drivers caught speeding could see the cost of their insurance premiums soar by as much as 54%.
Whether you’re someone who has already been convicted for speeding, or you’re simply looking for ways to lower the cost of car insurance, we take a look at some of the ways you can reduce costs – as well as the financial impact of having points on your licence.
Points don’t mean prizes
A driver with six points on their licence could expect to pay 19% more for cover than someone with a clean licence. After nine points, the cost could potentially go up by 54%, based on quotes from five insurers for a 30-year-old man driving 10,000 miles a year in a Ford Focus.
Peter Harrison, car insurance expert at moneysupermarket.com said: “Insurers clearly take a dim view on policy holders who speed and this is reflected in higher car insurance prices.
“Even going just above the speed limit can add huge additional costs to your car insurance, and for repeat offenders, some insurers may even refuse to cover you, so motorists should take extra care to ensure they stick to the speed restrictions.”
This is doubly important now that the cost of cover motoring is on the increase due to rising fuel and insurance prices.
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While the fuel duty reduction announced in the Budget may have brought some relief to young drivers, for many the cost of motoring remains unaffordable due to steep insurance premiums. Motorists in their teens or early twenties pay substantially higher premiums than older drivers because they are considered higher risk by insurers. According to the Driving Standards Agency, in the UK, an 18-year-old driver is more than three times as likely to be involved in a crash as a 48-year-old.
But now The Co-operative Insurance has become the latest insurer to launch a policy specifically for young drivers, which promises lower premiums if the policyholder can demonstrate that they are responsible on the roads.
Here, we look at how the policy works and whether it could be right for you…
What’s the deal?
The new Young Driver policy calculates premiums based on driving behaviours and rewards those who demonstrate they drive safely with lower premiums. According to The Co-operative Insurance, the new product, which is designed for 17 to 25-year olds, will be on average £328 cheaper than competitor prices. It claims that over three quarters of young drivers could make a saving with this policy.
The insurer is able to monitor a driver’s behaviour by fitting a Smartbox into the owner’s car. Using satellite technology, the box then relays information on braking and acceleration, cornering, speed, and the time of driving – so whether most journeys are made during the day or at night time.
Driving is assessed every 90 days based on these four driving behaviours.
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Register a URL for future use and dissemination of the URL with your friends and family social bookmarking Web is called, would have made each with different intentions and might even unwittingly, have made this book social marker. Traditional methods are favorites in the browser that are lost when the machine is formatted or browser removed or relocated, to be saved. origin in the bookmark as a rapid exchange of favorite links, nothing remains lost.Every link on the Web to good use.
Social News and Social Bookmarking
Major social bookmarking sites to use primarily for the purpose of the exchange and dissemination of news about members of the community. Twitter is a social network, only meant that other social bookmarking sites like Digg, credit, propellers, ACCS • | new features and specific information on their website flash. news sites online have a lot of difference with social networking sites in general. Social news sites are mainly used for the purpose of sharing news quickly to a wide audience around the world on the web.
Should seize Social Bookmarking
As a user, you must register on the website of our choice, the profile is full of information, clearly information.Providing other users to keep to help you easily communicate with.
When you encounter an interesting news or information that you share with the environment, a bookmark for the site you signed up for social bookmarking. Once the URL is shared, it is visible, the whole world or your local network or friends, according to the sites functionality. People can visit this link and enjoy.
Wondering what to do to mark a Web page and SEO! M
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Thousands of people will head off on holiday abroad this Easter, but if you’re one of them, make sure you don’t end up paying for your break long after you’ve landed back in the UK. Most of us are feeling the financial strain at the moment due to steep living costs, so it’s important to try to avoid racking up further bills while you are away. Fortunately, there are plenty of things you can do to keep holiday spending to a minimum, without spoiling your break. Here are some of the best ways to keep those Easter holiday bills down… .
Find a bargain break
If you have yet to book your Easter holiday, then you may be able to pick up a last minute bargain and save yourself hundreds of pounds. Check out the travelsupermarket.com website for cheap holiday deals. Current deals include seven nights at a 4* all inclusive hotel in Turkey departing from the North West in April starting from £252 per person, or seven nights self-catering at a 3* property in the Algarve leaving from London in April from just £85 per person.
Don’t pay over the odds for holiday cover
Once you have booked your holiday, you should buy travel insurance as soon as possible so you are protected in the event that anything goes wrong while you are away – or if you have to cancel your holiday before you go. Don’t automatically accept the policy that is offered to you by the travel company or agent which is selling you the holiday, as prices can often be significantly more expensive than if you opt for standalone cover.
Shopping around can result in significant savings. For example, according to moneysupermarket.com research, the average premium based on a couple going to Spain for two weeks is £39.50. In
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Natural disasters have the ability to affect many people, not only through the physical destruction they cause, but also through injury, homelessness and even death. The earthquake and tsunami in Japan last week remind us that Mother Nature can be extremely destructive.
Here we list the seven worst natural catastrophes of the 21st century. There have been many more natural disasters since the start of the millennium, but these seven were the most severe given their cost, the injuries inflicted and the lives they claimed.
Catastrophe statistics are from the Insurance Information Institute (III).
7. Hurricane Katrina
Date: August 2005
Location: Louisiana, Mississippi, as well as other areas of the Southern United States
Fatalities: 1,300
Total losses/insured losses: $125 billion/$62.2 billion
Indelible media footage of people waiting to be rescued from rooftops as turbulent water continued to rise around them made Hurricane Katrina one of the most unforgettable natural disasters in recent American history. Today, an ongoing effort to rebuild New Orleans keeps Hurricane Katrina at the forefront of American minds.
The hurricane itself claimed 1,300 lives, but property damage was far more substantial. Total economic losses are calculated at $125 billion, and insured losses amount to $62.2 billion, according to the Insurance Information Institute (III).
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Insurers will soon be banned from using an applicant’s gender to determine the price of their policy, following a ruling from the European Court of Justice. From December 21, 2012, companies providing car insurance and other policies will no longer be allowed to factor in the sex of a potential customer, even if that makes them statistically more likely to claim.
One of the most obvious changes will be that women will no longer pay lower car insurance premiums than men.
Most commentators believe that men’s premiums will not fall by as much as women’s will rise. The British Insurance Brokers’ Association (BIBA) estimates that the ruling will mean women will typically pay up to 25% more for their cover. For some women it will be more than 50%.
Graeme Trudgill, head of corporate affairs at BIBA, said this will prevent insurers from discounting statistically safer drivers.
“Male drivers under 21 are twice as likely to have an accident than a female under 21. The industry will have to change its model and effectively females will now pay a cross subsidy for males on their insurance premiums.”
The AA has also described the outcome as unfair.
Roads around the ruling?
Some commentators have suggested that insurers will find ways around the ruling. For example, it could start offering discounts for job titles that are generally more popular with women, such as primary school teachers and nurses.
Everyone pays
Many commentators are concerned that today’s ruling will force car insurance prices even higher – potentially forcing some motorists off the road entirely.
Although men pay an average of 30% more than women, premiums for female drivers have been rising at a faster rate.
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