Car Insurance – Paying the Penalty For Reckless Driving

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You may not conceptualize it, but having penalty points on your driving license for reckless driving or other traffic infractions can increase you insurance premium by sixty percent. On an average, young drivers who have points on their driving license pay 4 times more than those drivers with a clean license.

Auto insurance prices will naturally go up, given the current fiscal climate. So, if there are ways to cut down the rising cost, reckless motor drivers should look for it and capitalize them. One simple way of saving considerable amount of money on your insurance premium is by driving car carefully and sticking to the prescribed speed limit.

This is especially important when the driver is young and inexperienced. Young drivers having penalty points on their license typically find it hard get low annual premium for their car insurance. They could find that their premium had increased two-fold. As young driver pays two-fold more on a normal policy, this means that a young drivers having penalty on driving license for reckless driving ends up paying fourfold the average annual premium.

Over the past twelvemonths, more than three million drivers are convicted for speeding and reckless driving, which means that drivers are not following the instructions given by car insurance companies. Car drivers need to figure out whether cutting down couple of minutes from a trip is worth the penalty points and paying more premiums.

Traditionally, women pay less premium for their motor insurance as they are considered as safe drivers. But when it comes to traffic infraction, research shows that women drivers piled up more penalty points on their driving license than their counterpart. This means that everyone has to be careful when on road to avoid large sum as insurance premium.



Source by Pauline Go