How does my driving record affect my
insurance premium?
It follows that motorists with squeaky clean driving licences will be insurers’ favourite customers and – in turn – will qualify for the cheapest motor insurance premiums.
By contrast, those with blemishes on their driving history (details of which are held centrally by the DVLA) will have to fork out more. And how much more will depend on the nature of the driving offence.
For example, penalty points on your licence for moderate speeding offences will result in a probably a manageable hike in your quote but more serious offences, such as driving without a valid licence or insurance, could make things very expensive.
Drivers returning to the roads having faced a ban for drink driving will have to foot premium increases of at least 100%. In fact, depending on when the conviction was, they may have difficulty in obtaining insurance at all.
The number and type of accidents you have in your vehicle will also affect your premium as you may not qualify for a no-claims discount. This typically amounts to 30% for one claim-free year and up to 60% or more after four or five years.
It’s worth mentioning here that failing to disclose full details of your driving record on your motor insurance application in an attempt to keep down premiums is a false economy of the worst kind – your insurer will simply refuse to pay out.
By contrast, those with blemishes on their driving history (details of which are held centrally by the DVLA) will have to fork out more. And how much more will depend on the nature of the driving offence.
For example, penalty points on your licence for moderate speeding offences will result in a probably a manageable hike in your quote but more serious offences, such as driving without a valid licence or insurance, could make things very expensive.
Drivers returning to the roads having faced a ban for drink driving will have to foot premium increases of at least 100%. In fact, depending on when the conviction was, they may have difficulty in obtaining insurance at all.
The number and type of accidents you have in your vehicle will also affect your premium as you may not qualify for a no-claims discount. This typically amounts to 30% for one claim-free year and up to 60% or more after four or five years.
It’s worth mentioning here that failing to disclose full details of your driving record on your motor insurance application in an attempt to keep down premiums is a false economy of the worst kind – your insurer will simply refuse to pay out.