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Car insurance and speed awareness course
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Then you were more likely to crash a week earlier at 50mph than 30mph?
50mph last week was legal.
40mph this week is illegal.
If "exceeding the speed limit" is related to safety, then 40mph this week must be less safe than 50mph last week... Right? Because, unless you are claiming that IS the case, then you are agreeing that exceeding the speed limit is not directly related to safety.0 -
Strange, then, that insurance companies employ all those actuaries to go through statistics - and they broadly regard points for speeding as offering negligible extra risk - and, Admiral excepted, are so unbothered by awareness course attendance that they don't even ask.
Perhaps it isn't as simple as you think?
After all, there were Dept of Transport /Police accident statistics a few years back that found speed in excess of the limit was not a factor in somewhere around 90% of all collisions. Excessive speed for the conditions, but inside the limit, and simple inattention were FAR higher factors.
The loading a significant percentage of Insurers apply for a customer with one Speeding conviction is hardly negligible unless you think 10% to 15% load is negligible.
If you look at a customer with more than one speeding conviction then the majority would apply a are bigger loading with a significant portion refusing to offer any cover to a customer with two or more speeding convictions.
Granted there are a few Insurers who would apply no loading for one speeding but probably the majority would be looking to increase the premium by circa 15%0 -
If that were true, then surely it would show that speed awareness courses are a waste of time (in terms of reducing risk) and only exist as a money-making device.If you are speeding, you are (broadly speaking) at greater risk of an accident and therefore a greater risk to insure.
So would you advocate going back to having men with red flags walking in front of all cars? After all, if you're travelling at 3mph, then (according to your arguement) you're much less likely to crash than at 30mph.But it's common sense. If I drive the same 30mph road twice, once at 30mph and once at 40mph, I'm more likely to crash at 40mph than at 30mph. Do you agree?Philip0 -
GabbaGabbaHey wrote: »I think that what has changed (certainly according to recent posts on a number of car forums) is that more insurance companies are now explicitly asking about awareness courses at quote/renewal time - and the likelihood has to be that all the insurance companies will end up doing so.
Which insurance companies are these?0 -
GabbaGabbaHey wrote: »
Have you read this?
However, insurers usually operate a “catch all” clause in their policies about keeping them informed about factors which may affect your driving
Do they?
, and failing to declare a course could lead them to cancel cover in the event of an accident, experts said.
Really? Experts?
The police’s actions are potentially resulting in people driving uninsured because they haven’t told motorists to tell their insurers about the speed awareness course
Why is it the police's responsibility? I'm sure I have read on this forum that the people running courses were saying it doesn't need to be disclosed, although I have never been on one.
I would make sure your insurer knows you’ve been on a course regardless of whether they specifically ask for that information
Really?
If you are involved in an accident and the insurer looks into your history and sees you’ve been on a speeding course
Where would they find this history?0 -
Which insurance companies are these?
Admiral. Full stop.However, insurers usually operate a “catch all” clause in their policies about keeping them informed about factors which may affect your driving
Do they?
No. Quite the opposite, explicitly.
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/46/46_non_disclosure_insurance.htmIf you are involved in an accident and the insurer looks into your history and sees you’ve been on a speeding course
Where would they find this history?
They can't. The speed awareness course databases are not available to the insurance industry at all, and - even if they were - see above. Insurers would have had to ask you, clearly, and you would have had to have lied. Even then, they would only be able to cancel your policy IF they can demonstrate that they would not have covered you if you'd answered honestly. Even then, they would still have to cover the third party claims arising from a collision if you were held to blame for it - although you may then get handed the bill.0
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