Insurance and speeding tickets?

[CB ARGH]

Hey,

I am wondering, yes, wondering...

If you were to get a speeding ticket, no matter how fast, 111km/h, or maybe even 150km/h, do you have to tell your insurance company? Also, are they able to stop insuring you because of this? I would just like to know seeing so many of you get speeding tickets, and I can imagine, still have insurance.

Thanks

[Morcs]

Its best to declare everything.

That way when you hit that 100k ferrari, there are no suprises.

[MSTRS:Me]

It is a requirement when taking out new or updated cover. They will ask you, and if you don't disclose and are found out...cover cancelled/declined.

[Morcs]

generally speeding tickets dont have a huge impact on your premium.

I have more tickets than you would believe, and it took me about 30 mins on the phone to go through them - but it was a dangerous driving charge that made the premium skyrocket.

[vifferman]

It is a requirement when taking out new or updated cover.

.... or when making a claim.

generally speeding tickets dont have a huge impact on your premium.

That was my experience, but I was told the tickets) only two current at the time, and only one before that) were irrelevant, because I'm an Olde Bastidge.

[kiwifruit]

It pays to keep them in the loop

[Gremlin]

Yes, you have to tell them... otherwise they'll probably trot out the line that you didn't tell them everything come claim time etc

Generally won't make them stop insuring you, but the premium may rise at the next assessment, as you are a perceived risk.

They are normally interested in any tickets in the last 5 years. My 3 month license loss has also meant that I have a special excess tacked onto my insurance.

[Swoop]

It pays to keep them in the loop

Coro Loop?

[R6_kid:Me]

If it's 'little' like 11km over or maybe up to 20kmh over i dont think they will stress it.

Of course if they find out you've had 95 demerits over the last year (or since you last took at out cover with them) they'll say "actually, you're screwed".

I still got insurance after 105 demerits which added up to 4mths loss of licence. It costs me twice as much as it would if I had a clean licence though. However, assuming i stay clean til May (when i renew) i've been told I'll get re-rated back to normal for age.

I kiwibike insurance.

[captain_andrey]

My insurance says don't bother with speeding fines, only loss of license for any reason inc 100 demerits.

[CB ARGH]

Would 75 demerits worry an insurance company?

A friend of mine is shit scared they're going to have no insurance.

[Okey Dokey]

So if you had a dangerous/reckless/ too many tickets driving charge, which resulted in an increased premium, at what stage would you drop back to a good boy's rate? After 5 years, 10 years, or never ever? I don't understand...

It doesn't seem right that you are punished forever, but would an insurance company ever reduce a premium in this sort of instance?

[Oscar]

So if you had a dangerous/reckless/ too many tickets driving charge, which resulted in an increased premium, at what stage would you drop back to a good boy's rate? After 5 years, 10 years, or never ever? I don't understand...

It doesn't seem right that you are punished forever, but would an insurance company ever reduce a premium in this sort of instance?

For serious charges like dangerous/reckless and DIC, you could expect a problem insuring for five years.

[Oscar]

Would 75 demerits worry an insurance company?

A friend of mine is shit scared they're going to have no insurance.

It depends what the demerits are for.
If they're all speeding, it shouldn't be a problem.

The Insurance Law Reform Act 1977 says that you must declare anything materially affecting the risk when insuring (important - this includes renewing cover).

The definition of a "material fact" is information that would have a "prudent insurer" declining to insure or accepting cover on restricted terms. This also is the case with claims, so insurers are unable to decline a claim on the basis that you had a speeding ticket last year and forgot to tell them.

If in doubt, call your insurer now - it's a helluva lot better to worry about stuff like this now than after yer pride and joy has been totaled...

[tigertim20]

speaking of insurance, what would you guys recommend I insure my bike for
1991 CBR 600 F2 immaculate condition, never dropped etc, and do you find your bike insurance to generally be cheaper or more expensive than a tin-top of equal value?, any specialist motorcycle insurers you could recommend?