UK drivers searching for car insurance with points on their licence are now expected to pay up to £1,000 for a policy an increase of almost £200 from last years figures.
The effects of the recession appear to be hitting prosecuted drivers hardest, as car insurance providers seek to recoup losses from the economic downturn over the last two years.
Head of motor insurance at moneysupermarket.com, Steve Sweeney, said: Speeding increases accident rates so its hardly surprising insurers view a conviction dimly.
Serial speeders are worse off year on year and have to fork out nearly £200 more on average for their insurance premiums compared to last year. This is the harsh reality facing anyone who has multiple points on their licence.
Around a third of UK car insurance providers will not punish convicted drivers with just one penalty charge on their licence, but they are understandably taking a dim view of serial offenders.
Drivers with a clean licence and no-claims discount will, quite rightly, rule the roost when it comes to finding cheaper car insurance in 2010.
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