Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Brits prepared to pay for points

Wed, 22 Aug 2007
One in four motorists would be prepared to pay someone else to take their penalty points in order to avoid large rises in premiums and losing their licence, according to new research.

Car insurance search engine claim that drivers expect to pay on average £100 per penalty point to offload them on to another licence, with one quarter of those prepared to be point recipients claiming they would charge up to £500 per point.

Penalty points can have a significant impact on insurance premiums - drivers with three points can expect a rise of seven per cent, 25 per cent for six points and up to 50 per cent for nine points.

The poll revealed that 62 per cent of people would approach partners with the proposition, followed by 14 per cent willing to ask friends.

Commenting on the figures, Debra Williams, managing director of said: "Speed cameras don't always capture an accurate picture of the person driving. Shadows or sunlight reflecting off the glass can obscure a person's face resulting in a lucrative black market for point swappers." ADNFCR-1081-ID-18254948-ADNFCR


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH