I got a speeding penalty notice and have sent back the form for 3 points on my license and a £60 fine?

Question

Do I have to tell my car insurance company about this straight away? If so, will my premiums go up?

Answer 1

An insurance contract is a contract of Uberrimae fidei which roughly means of greatest good faith.. You know everything and the insurance company only know what you tell them so you tell them everything which may be of the slightest relevance. The classic case was an Australian case where a guy had his factory burnt down and the insurance would not pay as he had not told them that he had had a car burnt out a few years before he took out the insurance. He took them to court and lost because the court said it was a fire insurance and he had had a previous claim involving a fire so it was relevant.
I doubt that one speeding offence will make any difference

Answer 2

You will get an offer which will be a choice of either 1 - 3 points on your licence and a £60 fine OR 2 - the opportunity to have it dealt with in a magistrates court (don't, the fine and costs will be over £60 and you still get at least 3 points) IF YOU ARE LUCkY you might get offered a 3rd alternative, a driver improvement course, costs £100, takes all day, but then you get no points and no fine

Answer 3

I went through a red light, so the cameras say, in Glasgow a couple months ago, my insurer is Tesco, called them and they said that you have to mention when the premium is re-newed next year, however I would recommend you call your insurers anyway,

best of good luck.

by the way below is the link to see me getting caught... lol

Answer 4

The next time you renew your insurance or make the next payment you have to notify them that you have a points on your license, your insurance will most likely go up but not more than 100gbp - 300gbp i would expect, another important factor is how old you are and how many years you have had a full uk license

Answer 5

I dont' know if the laws are the same as in Canada, but here its the first ticket (when pulled over) is a free-bee, and the second one you insurance company is notified and then your premiums go up, but if it was a photo radar ticket then your premiums can not go up.

Answer 6

I got an SP30 and YES my insurance went up - by £30. Stayed on my record for insurance purposes for 5 years. If you don't tell them and need to make a claim they could claim your insurance is invalid if they find out.

Answer 7

Tell them NOW, if you don't and have to make a claim they won't payout and your in the sh1t!!!

Not sure if premiums will go up but you will find out when you tell them, if they do ring round see if you get a better quote.

I know its not something you want to do (tell them) but whats the chance of a crash, it won't happen to you. What the chance of gettin a speeding ticket it won't happen to you (but it did), get my meaning?

Some very poor advice about, at the end of the day its down to, can you afford not to tell them? (what will it cost you if the sh1t hits the fan)

Answer 8

I got a speeding fine, it was £40 plus 3 points but that was in 1998, I don't remember it affecting my insurance, but then it was a long time ago, I has to keep the points on my licence for five years. ( thanks for that reminder, It's time I had them removed )

Answer 9

Dont tell them, they wont find out, insurance companies are lazy and wont investigate every insurance renewal premium, come on do you really think they are going to bother?

Answer 10

When you signed up for insurance you agreed to keep them informed of such things, and when they run the renewal it will show up even if you don't tell them.