Many of us will gain adriving conviction at some point through our driving days, however, many of usare still declaring them long after they have been spent!
Drivers may be payingaround £57 extra a year on their insurance through sharing to much informationon spent convictions that they no longer need to declare.
It is suggested thatnearly a quarter of motorists fail to accurately disclose their driving recordin hope of saving on their insurance.
Where some people bendthe truth and not declare their convictions, around 7% of drivers (that’s 2.8million of us) share either wrong or out of data convictions!
An average of £56 canbe added if 3 penalty points for speeding are added to an insurance policy.
So, why do drivers ‘overdeclare’?
As it goes, part of itis down to us and our confusion. The Motor Insurance Bureau believe that manyof us end up declaring incorrectly through wrongly remembering dates or gettingmixed up in general. If you are having to declare an accident from 4 years ago,unless wrote down, it can be challenging to remember.
ByronShepherd, who works for a data-sharing scheme, said: “Imagine you leftwork today, you speeding and a police officer stops you.
“Youmay think that is three points off your licence but if you go on a course youmay not get these three penalty points after all.”
Insurers also encourage people to share more information inorder to gain a better risk profile and may ask for conviction over the last 5years even though they may not be relevant!
What are you required to tell Insurers when looking for a policy
If you currently have a fine, don’t worry, after 12 months thiswill be spent and gone.
Penalty points though are a little different. Most penalty points for things such as speeding will be on your licence for at least 4 years. If you points have been got through dangerous driving or drink driving, then this may well be longer. For those looking to obtain drink driving insurance after a drinking driving ban, you may wish to apply for specialist DR10 Insurance.
Head of motoring for Direct Line, Dave Meader, said: ““Whilst your penaltypoints may come off your licence after four years this does not mean theconviction is spent. All convictions which result in an endorsement to alicence will need to be disclosed for at least five years.”
A spokesman for Avivasaid: “Weask customers to declare convictions over the last five years because it givesus important information as to how they drive. In the case of the more seriousconvictions – for example, drink driving – we may well charge additionalpremium as a result.”
Avivaalso added that, speeding offences won’t make a huge impact on your premium aslong as you don’t wrack up loads of them.
DirectLine says it would not increase a policy price if the driver has attended aspeed awareness course.
Whatare your rights on spent convictions?
Underthe Rehabilitation of Offenders Act, you don’t have to declare spent convictionsafter 5 years when applying for insurance.
Whereinsurers have the right to ask you about penalty points over a longer period oftime, they are not allowed to use this as a means to charge you more.
TheFinancial Ombudsman who resolve customer complaints, says insurers should notinclude spent convictions.
Theassociation of British Insurers, the Insurers trade body, tells insurers toignore spent convictions and discourages them from sharing such information.
Youdo have the right to challenge them if you feel you have been charged incorrectlyor unfairly.