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Summary
Speed cameras are set to become a lot more infallible with the proposed introduction of a new super-smart camera. This article discusses the impact the new speed camera could have on drivers and their car insurance premiums.
Car insurance. Speed cameras get even smarter
Author: Emma Mayo
At £30,000, the system isn't cheap, but if you take into account the cost of a speeding fine - £60 - and
then multiply that by 100,000 (the amount of pictures the camera can store) and that's a significant profit margin for the authorities! Truvelo make around 20% of the speed cameras currently on British roads, they can only take 700 film pictures, so they need reloading on a regular basis - so the difference between the two technologies is quite significant.
So what does it mean for motorists? It means there's even more chance of getting caught speeding. And if you receive a speeding fine, that will affect your car insurance premiums. With a quarter of British households having at least one speeding fine, which gives you three points on your driving licence, it's a big issue, and it's giving the car insurers an opportunity to cash in.
Recent AA research found that a driver with a speeding offence could expect to pay an average of 20% more on car insurance. Even if your record was as clean as a whistle before, you will be penalised. Don't be tempted to withhold the information from an insurer either, as if you come to make a claim and the information is discovered, your policy will be declared null and void.
So if you get caught speeding, and the chances of that are likely to increase once the D-Cam is introduced, what can you do to keep your car insurance at an affordable level? Be extra sure to shop around. Never blindly accept a renewal from your insurer without checking out the competition, and get as many quotes as you can to make sure you're not paying more than necessary. Many drivers pay more than they should because they fail to get a few quotes - and if you have points on your licence for speeding, it's more important than ever to keep on top of things. Go online for the cheapest quotes, and be sure to get as many quotes as you can!