Speedy Cars Might Hike Insurance Premium

The UK government is planning to raise the national speed limit on UK motorways to 80mph. This rise in speed is sending wrong safety message to the drivers as they are driving fast and the number of causalities and accidents are on a rise. The rise in accidents will lead to more claims and worse affect the car insurance premium price.

After every claim, the insurance premium rises and with speedier vehicle, the road becomes unsafe to drive. The motorists with more claims on their side get expensive quotes at car insurance comparison site. The rise in speed of your vehicle might cause further rise in your car insurance premium prices.

According to the transport secretary, the increase in speed limit will reduce the journey time of the driver and increase the productivity when they reach the destination before time. According to the managing director of speed camera distributing company, mere increase of 10mph in the speed limit will not much affect the journey time but it will increase wasteful use of fuel and risk safety.

The already running out natural resources will be used more as with rise in speed limit, the people will travel more and more consumption of fuel will be there. Even the campaigners across the nation are perturbed against soaring prices of petrol, as now the average cost of a litre of unleaded petrol has reached to 130.9p.

The parliamentary advisory council on transport safety has also criticised the plan of rising speed limit on motorway, as the rise in speed limit will also raise the number of causalities by 5 to 10%. The motoring cost of the vehicle will also rise, as with rise in speed limit, the vehicles will be used more and cost more.

Get low cost insurance when you use car insurance comparison sites online to compare insurance quotes.

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