Penalty points cost motorists £132m in car insurance premiums

New figures reveal motorists pay five per cent more on premiums for having up to three points on their driving licence

Car insurance comparison sites

Racking up penalty points on your driving licence means you’ll pay at least five per cent more for car insurance than if you’ve got a clean licence, according to new research.

Across the whole UK, penalty points on driving licences are costing motorists £132 million in higher premiums in figures released by the Institute of Advanced Motorists (IAM) and MoneySuperMarket.

If you’ve managed to accrue more than 10 points on your licence you’ll be paying upwards of 80 per cent more for car insurance than without.

• Doctors will have to report unfit drivers to authorities

In terms of regions, motorists in London, Glasgow and Birmingham have to shell out the most, paying more than £8 million, £4 million and £3 million respectively in more expensive insurance for motoring misdemeanours.

Those with one to three points will pay an extra £49.5 million in higher insurance, those with four to six points an extra £57.4 million, seven to nine £18.9 million, 10-11 £3.5 million and 12 or more £2.6 million across the whole UK.

• Tories to let local councils control our roads

People in Bournemouth, Brighton, Bristol, Chester, Coventry, Derby, Leeds, Liverpool, Norwich, Oxford, Portsmouth, Preston, Southampton, Stoke and York have all paid more than £1 million in additional insurance premiums. Bath and Plymouth sit just below the £1 million mark.

On average those with up to three points on a licence pay 5.1 per cent more for their insurance than someone with no points at all in the past year. Having four to six points really hikes premiums up, costing motorists 25.8 per cent more. Having seven to nine points has cost drivers 45 per cent more in the past 12 months.

• Vauxhall Zafira fires: 220,000 cars to be recalled in UK

Sarah Sillars, IAM chief executive officer, said: “If people don’t understand the safety dangers of the offence they have committed which has earned them the penalty points, they should certainly understand the damage it will do to their bank balances.

 “And someone with multiple points and fines is paying through the nose for car insurance; just think what other things they could use that money for. Driving safely could put thousands back into your pocket.”

Cheapest cars to insure

Where motorists pay most car insurance for having penalty points:

London: £8,079,529Glasgow: £4,080,190Birmingham: £3,423,840Nottingham: £2,833,865Newcastle: £2,642,079Cardiff: £2,586,075Sheffield: £2,535,609Edinburgh: £2,070,783Swansea: £2,036,358Manchester: £2,026,561

Do you have points on your licence? Have you noticed your insurance premiums increase? Let us know in the comments section below... 

Recommended

Killer drivers will face life sentences from 2021
Speed camera accident
Consumer news

Killer drivers will face life sentences from 2021

Government promises to introduce legislation to reform sentencing for drivers who cause death or serious injury next year
14 Sep 2020
Over half of drivers break 30mph limits
Increased speed limits helps to cut accidents
Consumer news

Over half of drivers break 30mph limits

Official figures show drivers are most likely to break 30mph limits, closely followed by 70mph motorway limits
9 Sep 2020
Driving licence validity extended for 11 months
News

Driving licence validity extended for 11 months

Move follows seven-month extension announced in June; photocard licences expiring between 1 February and 31 December 2020 get automatic 11-month exten…
1 Sep 2020
Private parking firms face Government crackdown
UK’s parking ticket lottery
Consumer news

Private parking firms face Government crackdown

New proposals will introduce a cap on fines, a 10-minute grace period, major and minor offences, plus increased maximum fines
1 Sep 2020

Most Popular

New 2021 BMW M3 launched with huge grille and 503bhp
BMW 3 Series M3 Coupe

New 2021 BMW M3 launched with huge grille and 503bhp

The new sixth-generation BMW M3 Competition saloon gets a 503bhp straight-six engine and four-wheel-drive
22 Sep 2020
Energy firms want the right to switch off electric cars charging at home
Electric cars

Energy firms want the right to switch off electric cars charging at home

New powers being sought to allow energy providers to turn off high-drain devices to manage electricity network
18 Sep 2020
New Honda Civic Type R 2020 review
Honda Civic Type R

New Honda Civic Type R 2020 review

We find out if the revised Honda Civic Type R can stay at the top of the hot hatch class
22 Sep 2020