Speeding can also have an impact on how much you pay for your car insurance.
Insurers' data suggests that drivers with speeding offences are more likely to make a claim, so many increase their premiums to reflect this risk. Some insurers are lenient for first offences while others refuse to cover drivers with any points on their licence.
Drivers looking for insurance who have had a speeding conviction within the five years prior to the enquiry date could see an average premium increase of 14%.
If you’ve been caught speeding only slightly over the limit, you may be able to take part in a speed awareness course. This will allow you to avoid penalty points on your licence and won’t affect your insurance.
However, there are other practical steps you can take to help lower the cost of your insurance if you have a speeding conviction:
Consider telematics: taking out a telematics or a ‘black box’ insurance policy means a small device is installed in your car to monitor your driving habits, including speed. This is a great way to prove to your insurer that you drive safely, and also helps you monitor your speed, which can help lower your premiums
Try to drive less: as this reduces the risk of an accident, it can help bring the cost of insurance down
Secure your car: keep your vehicle in a garage if possible and make sure it’s fitted with an approved alarm and immobiliser
Increase your excess: this is the amount you pay towards the cost of any claim you make and increasing it can lower premiums – just make sure you can still afford to pay it
Whatever the cost of your insurance, there are often opportunities to improve your quote by shopping around and looking for the best deals.
You can find out how penalty points and speeding tickets affect car insurance here, or check out our guide for convicted drivers here.