Having points on your licence for speeding means your annual insurance premiums jump to an average of almost £1,000 a year, up £180 on last year and double the price paid by those with a blemish free driving record. Drivers have always paid more if they have a speeding conviction as they are considered more likely to make a claim. But now the extra amount they pay is increasing. Insurers are pushing up prices to recoup some of their losses stemming from a rise in claims during the recession. Steve Sweeney, head of motor insurance at moneysupermarket.com said: “Speeding increases accident rates so it’s hardly surprising insurers view a conviction dimly. “Serial speeders are worse off year on year and have to fork out nearly £200 more on average for their insurance premiums compared to last year. This is the harsh reality facing anyone who has multiple points on their licence.” A third of providers will not increase premiums for one blemish on your record, but serial speeders will find fewer providers willing to insure them and at increased prices. More