Having three points on your driving licence can significantly raise your car insurance premiums
London: Car insurance is super important in the UK. It helps protect you financially if you get into an accident and need to make a claim.
Did you know that car insurance became a must-have back in 1930? That’s according to Compare the Market.
If you’re thinking about getting a new insurance policy, you might be wondering how having three points on your driving licence could affect your rates.
Experts have some insights on this topic.
A spokesperson from Group 1 Automotive shared that different driving offences come with different penalties. You can rack up anywhere from one to eleven points on your licence. For instance, if you drive with faulty brakes or tyres, you could end up with three points.
Unfortunately, if you have three points on your licence, you can expect your car insurance to cost more. Insurers see points as a sign that you might be a higher risk, which leads to higher premiums.
The more points you have and the more recent they are, the more you’ll likely pay. Each insurance company calculates their rates differently, but research from Which? shows that just one to three points can hike your premium by up to 55%, depending on the offence.
It’s crucial to be honest about your driving history when dealing with insurers. If you don’t, it could be considered insurance fraud, which can have serious consequences. Make sure to declare any points from the last five years.
Also, keep in mind that penalty points stick around for four years, but serious offences can stay for up to eleven years. If you get twelve points in three years, your licence could be revoked. And for new drivers, more than six points in the first two years means your licence could be cancelled.
