Insurance premium doubles for speeding drivers
The drivers who like speeding vehicles might see their car insurance get doubled. The young motorists if caught three times while speeding might have to pay double amount of car insurance premium. A recent study found the drivers from Scotland, Swindon and Sheffield to be more indulged towards speeding offences.
The top slot for speeding convictions is found to be taken by men so classic stereotype of boy racer still exists in the insurance industry. The facts and figures are not in favour of male drivers that is why they get expensive car insurance quotes.
The absence of female drivers in speeding conviction list is better reflected in premium prices of women. The female drivers get low insurance quotes as compared to male drivers not on the basis of gender but speeding convictions. Instead of gender ruling the female drivers can still enjoy low insurance quotes due to their sharp driving skills.
According to the Institute of Advanced Motorists the insurance industry needs to put efforts to improve driving skills of male young drivers. The insurance industry needs to improve young male driver’s skills and behavior on road by investing in driver education.
Both the drivers and insurance providers will be benefited by reduced driving convictions. The drivers will get their incentive in the form of low insurance premium while the insurance providers will save on claim amount.
The drivers in high risk range are effectively trapped by insurance providers by charging high insurance premium. The young drivers can get low insurance quotes if compare car insurance quotes online. By maintaining good driving record, the car owners can get lowered insurance premium bills.
The drivers can not only save their vehicle but also car insurance premium by driving safely. The car owners just need to take care of speed while driving as it will not only control vehicle but also insurance premium hike.