2007-07-13 18:24:18 · 23 answers · asked by mloxy 1 in Cars & Transportation ➔ Insurance & Registration
It's an easy answer:
If you don't tell them, you won't be insured. Easy as that ! ! !
2007-07-13 20:54:07 · answer #1 · answered by twistin git 6 · 0⤊ 1⤋
Your insurance company needs to be notified at the next renewal after the conviction. E.g If you had a conviction in Feb and you policy is not due for renewal until the following Jan then you have to tell them when discussing the terms for your next renewal which is usually 21 days before the renewal date. Failure to disclose this to the insurance company will invalidate your insurance.
Should you have an accident and the insurance company trace your conviction history with the MID then they may not pay out for the claim and your policy will be invalid. You will have problems down the line then trying to get insurance elsewhere.
With regards to the premium - It may increase slightly depending on the conviction itself. If it is an SP30 or SP50 then the increase will only be small but should you have an IN10 for driving without insurance or a DR10 for drink driving then you may find that the premium will increase quite substancially as you are seen to be a higher risk by the insurers.
TELL YOUR INSURANCE COMPANY!
Hope this helps :)
2007-07-15 10:35:09 · answer #2 · answered by welshangel19 1 · 0⤊ 0⤋
Yes and not necessarily!
You are legally obliged to notify your insurer or they may use this as an excuse not to pay out in the event of a claim (read the policy small print, sneeze the wrong way and they don't pay out, they are very devious that way). Most insurers don't increase your premium for three points and many use a table to assess the increase in premium which take into account the reason for the points and when they were awarded. three points for and SP30 os SP50 wont usually make a difference at all, but 6points and a ban will definitely increase your premium.
2007-07-13 21:10:55 · answer #3 · answered by StephE 3 · 1⤊ 0⤋
Yes you must otherwise your insurance is invalid if you have an accident . That then means an extra offence of driving without insurance !!
After a number of years points no longer apply and you have a clean sheet . About 10 years ago I was silly enough to get three lots of speeding points , I did a high mileage then and it made me a lot more careful !!!
I continue to be more careful as points on your licence cost money and there is no need to speed anyway , normally you end up saving only a few mins anyway , and risk accidents
So bite the bullet own up to the points , and reassess your driving habits .... you know it makes sense.
2007-07-13 21:16:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Okay, honesty time!
You don't technically have to notify your insurance when you get a violation. They'll find out at renewal. BUT, the sooner you have them rate for it, the sooner you stop paying for it. It could take them anywhere from 1 month to a year to get the info on that violation, depending upon policy period and if they rerun reports annually or at six months.
Yes, it does effect your premium. Surcharge amount varies between companies.
Hope you make the decision that is right for you! Cheers!
2007-07-14 10:36:20 · answer #5 · answered by Miss Meli 3 · 0⤊ 0⤋
you should tell them - but not many people do - in the event of an accident and a vehicle being a total loss the insurance company can and usually do ask for a copy of driving licecnse. nondisclosures can cause them to be awkward with a claim if they want to. Best tell them - it doesnt normally increase premiums for speeding point. Drink driving is a whole new ball game.
2007-07-14 10:33:12 · answer #6 · answered by grumpy ole git 2 · 0⤊ 0⤋
You should notify your insurers, though you are not obliged to until next renewal. However, if you disclose at the time of conviction, they will automatically underwrite renewal based on the correct up-to-date information.
Most insurers won't penalise you for a one-off SP30 or SP50 conviction. If it's more serious however, it could affect your premium/terms.
2007-07-13 22:48:19 · answer #7 · answered by Micky Fees 3 · 0⤊ 0⤋
Simple answer is, yes you should and it might.
If you fail to notify them and they find out, perhaps as the result of looking into a claim, you might suddenly find your insurance is invalid. Most insurers will allow the odd "minor" peccadillo such as an SP30 without penalty.
2007-07-13 22:03:13 · answer #8 · answered by champer 7 · 0⤊ 0⤋
yes to both and failure to do so may mean that if you have a creash you could find that your insurance is invalid leading to even more problems. although there are a very few companies who may not put your insurance premium up, as speeding is not currently got the same stigma attached to as drink driving.
2007-07-13 20:12:34 · answer #9 · answered by Anonymous · 1⤊ 0⤋
I have never notified an insurance company of a penalty point, but they will generally find it when you renew, but sometimes they don't think to check your record before renewal.
Even if you can have one renewal before they find the ticket, it will save you a pile of cash.
If you are young and have a nasty accident or alot of tickets, they may drop you from their company, and I don't think telling them will help that.
The one thing you can't do though is buy another car without telling them, because when you go to add the car, you have to sign a statement describing your car, and your driving record. If they catch you in a lie, they will drop you like a heartbeat, and it may be difficult to get insurance after lying on your old application.
2007-07-13 18:35:26 · answer #10 · answered by darcprowler 2 · 0⤊ 3⤋
Watch for misleading answers.
In the UK you must contact your insurers, and yes it will affect your premium.
It will NOT be done automatically in the UK
Added- If you do not tell them you may find yourself uninsured if you have an accident.
2007-07-13 18:34:41 · answer #11 · answered by mark s 3 · 1⤊ 0⤋