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General => Insurance => Topic started by: jongolfgti on 16 April 2007, 13:12

Title: Insurance companies asking for convictions over the last 5 years? Why?
Post by: jongolfgti on 16 April 2007, 13:12

Hi,

Basically im in the market to buy a mk5 GTI, I have a CD10 (undue care and attention) on my licence with 5 points which happened just under 5 years ago.

In the eyes of the law the conviction counts for 3 years, comes off at 4 years so why do insurance companies ask for a 5 year history?

Also is there any companies out there that will only ask for 3-4 years history?

Thanks.

Title: Re: Insurance companies asking for convictions over the last 5 years? Why?
Post by: martinb on 16 April 2007, 16:00

This is something that will again vary with insurers. We are a broker so use a variety of different underwriters, some of who as for 3yrs, some for 5, so we always ask for 5 years to be one the safe side.

I think more serious convictions (DR, DD etc) stay on for longer hence why insurers ask.

tbh i doubt a CD conviction from almost 5yrs ago will have much effect on your premium, it wouldnt make any difference with us.

Hope that helps

Martin  :smiley:

Title: Re: Insurance companies asking for convictions over the last 5 years? Why?
Post by: Len on 16 April 2007, 16:11

All convictions only count for 3 years. For a totting up offense, think its past 11 points.
But they stay on your license for 4 years.
Most insurance companies ask for 5 years just as an excuse to grab more money off you!
No offence meant Martin! :grin:

Title: Re: Insurance companies asking for convictions over the last 5 years? Why?
Post by: martinb on 16 April 2007, 16:16

Quote from: Len405 on 16 April 2007, 16:11

No offence meant Martin! :grin:

  :tongue: :laugh:

Title: Re: Insurance companies asking for convictions over the last 5 years? Why?
Post by: farina on 16 April 2007, 18:19

Quote from: Len405 on 16 April 2007, 16:11

All convictions only count for 3 years. For a totting up offense, think its past 11 points.
But they stay on your license for 4 years.
Most insurance companies ask for 5 years just as an excuse to grab more money off you!
No offence meant Martin! :grin:

Big ones like DD and death by careless stay on your licence for 11 years - the others are 4.  Hence the general 5 year question.  Totting is 12+ points within 3 years. See http://www.direct.gov.uk/en/Motoring/DriverLicensing/EndorsementsAndDisqualifications/DG_4022550 (http://www.direct.gov.uk/en/Motoring/DriverLicensing/EndorsementsAndDisqualifications/DG_4022550)

Title: Re: Insurance companies asking for convictions over the last 5 years? Why?
Post by: jongolfgti on 17 April 2007, 08:52

thanks for the advice guys, I rang the company that insure all my family, got discount and the cd conviction didnt really affect it, where as some companies it did. Got my quote and happy with it, now to decide on my car. Thanks again.