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Points on license due to come off in October

peteb74
peteb74 Posts: 37 Forumite
And my insurance is due for renewal in December. Will I see a marked drop in my premium? IIRC I'm paying around £350 a year with the 3 points for speeding on

Comments

  • Notmyrealname
    Notmyrealname Posts: 4,003 Forumite
    Probably not. 3 points for a standard SP30 code is pretty much a no penalty.
  • forgotmyname
    forgotmyname Posts: 33,074 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Probably makes zero difference to the quote after that long.
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  • System
    System Posts: 178,428 Community Admin
    10,000 Posts Photogenic Name Dropper
    If this is the 4 year point then probably none as insurance companies like to go back the 5 years allowed by Rehabilitation of Offenders Act.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • thenudeone
    thenudeone Posts: 4,464 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    As implied above, just because the points don't count for totting up (3 yrs) or can be removal from your licence (4 yrs) you MUST still declare them to insurers for 5 years (longer if they were for a more serious offence).
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  • Quentin
    Quentin Posts: 40,405 Forumite
    Do some dummy quotes online with and without the points to see what difference they make.
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