Impact of 3 points on Insurance

DriveSkill

My insurance renewal is due for renewal and unfortunately my wife has 3 points this year (got last Nov). It seems to have very significant impact on the premium which I'm surprised at....at least anecdotally I thought one set of points for speeding was not supposed to really impact on insurance cost but maybe that has changed since it moved from 2-point offence to 3-points.

Increases seem to be in the €100-€200 range (€180 for current insurer) which seems a lot to me and this is just my policy on which she is named so I assume her own policy will also increase by similar if not more even. So in total the 3 points will cost perhaps €300 extra per year for the next 3 years so total cost of one speeding offence is close to €1,000....seems disproportionate to me but maybe I just feel hard done by :-)

Anyway just wanted to check other people experience....are the days of getting one speeding offence and having no impact on your insurance behind us ??

tcawley29

I have 4 points (2 seperarte speeding offences) and it didnt affect my premium when i renewed in august

chrysagon

My insurance company told me it would take 6 points or more to affect my insurance!

DriveSkill

I wonder is it all just the way they word it...a lot of insurers now offer a discount for zero points but that means if you get any points at all you lose the discount....technically they are not charging you more but just not giving any discount :-) End result is it still costs more!

chrysagon

any excuse to load insurance...try another insurance company for a quote?

tcawley29

I would have assumed the points should have put my insurance up as Im only 21. I did declare them and followed up to make sure they were there. Either way Im not gonna complain. My insurer is Liberty for what its worth