Speeding & insurance implications

[big wedge]

Oh well, I suppose it was only a matter of time. Just received my first NIP for 49mph in temporary 40mph limit (Silverstone bypass roadworks A43).
Question is, if I take the £60 fine and the 3 points do I need to inform my insurance company? If so is my premium likely to increase as a result (clean licence currently)? My everday transport is a company car so insurance is not a concern, however I do need a policy for the TVR.
Whilst I would not wish to further my law-breaking, it occured to me that, hypothetically of course, if my wife (who also has a company car) was the driver then my TVR insurance premium would be unaffected.
Do the powers that be really care who gets the points & pays the fine?

[johnny boy]

As far as I know, you don't have to inform the insurance company and, if they're a reasonable bunch(!), it shouldn't affect your premium when it comes to renewal (which is when you do have to tell them)

In fact, a lot of insurance companies will allow two minor speeding offences before piling on the premium.

[JonRB]

quote:Oh well, I suppose it was only a matter of time. Just received my first NIP for 49mph in temporary 40mph limit

Bad luck!

quote:if my wife (who also has a company car) was the driver then my TVR insurance premium would be unaffected.
Do the powers that be really care who gets the points & pays the fine?

Very much so. They'd take a very dim view of you claiming that someone other than yourself was driving.

It would be far more preferable to insure the TVR in your wife's name with you as a named driver if the cost became prohibitive, but getting her to take the rap for your points would be a definite "no-no".

[philshort]

quote:It would be far more preferable to insure the TVR in your wife's name with you as a named driver if the cost became prohibitive

Whooa there! Not preferable at all, most insurance companies would invalidate your cover if you ever claimed and it turned out that the "named driver" was in fact the main and regular user of the vehicle.

[Nightmare]

hmm....the suggested law breaking is rather more serious than the initial (and very very bad luck) fine

1) yes you do have to tell you insurance company. If you dont, and you then have to make a claim and they find out you will a) not get any money, and b) if another car was involved you'll end up in court on a serious charge

2) Its not likely, however, to make a single jot of diference to your insurance - most insurnce companies now seem to take the view that 'everyone has a few, don't worry about it' (thats isnt to say yours wont, but its not likely)

3)Phil is very right - Jons idea is a good one, but again you risk getting severely shafted.

Night

[M-five]

Nightmare's correct. You have to inform your insurance company of ANY change in circumstances that affect your policy. From speeding points (which they don't mind about too much compared to drunk driving and careless driving) to change of job, to change of address.

If any of these are not the same as when you paid your premium then they may delay or not pay out any subsequent claim.

In my experience (with an M5) the 2 x SP30s I have received have not made one bit of difference as far as I can tell (they were two years apart though).

[john robson]

There is an offence of making a false declaration to obtain insurance, ie not telling them of any convictions so tell the as for the rest of the ideas forget it several Police officers have fallen foul of this in the past (now ex-coppers) if you were driving they are your points take them and don't risk a criminal conviction, it may seem like you will get away with it but marriages/relationships have a habit of breaking up and ex-partners will do anything to get back at you.

[big wedge]

Thanks for the advice. It really confirms what I was thinking. I'll play it by the book, doesn't seem much point or advantage to be gained by trying to be clever. These things can sometimes come back to haunt you!

I'm really just annoyed with myself for not realising the temporary limit was still in force when I passed the camera. I thought the camera may have been set to trigger at a higher speed and I might escape! I should have known better, this is Northamptonshire after all!

[Tabs]

Remember, the cameras in Northants photograph the front of the vehicle.If it is a good quality picture it would be hard to convince them it was your wife if you have a beard like me!

[JSG]

quote:
Remember, the cameras in Northants photograph the front of the vehicle.If it is a good quality picture it would be hard to convince them it was your wife if you have a beard like me!

Not if it was my wife

Only joking dear (in case you read this)