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Older motorists urged to check penalties for better insurance

It’s been revealed that many motorists over the age of 50 don’t realise their driving penalty points may have expired. It means that a lot of people overstate the number of points they have, resulting in the fact they miss out on cheaper insurance cover. For drivers, including those with private number plates, the savings made could be a considerable amount.

In the latest Saga Car Insurance survey, it was found that a lot of people say they have more penalty points than they really do. Of 9,700 drivers questioned, all of whom were over 50 years old, one fifth exclaimed they were under 50 per cent sure when the last time they received a point was. In addition, 10 per cent also didn’t know the year they last had an accident. It means that 23per cent of people have no idea about their driving history; a vital requirement when applying and buying the cheapest car insurance options.

In a new initiative, British drivers who are applying for insurance will be able to provide their Driving Licence Number (DLN). This will ensure that the correct driving history is applied to insurance applications when going through the MyLicence scheme. The initiative is being provided by the Motor Insurers’ Bureau (MIB), and will simply mean that applicants’ details will be correct, down to the last penalty point and accident.

For the scheme to work, drivers will have to submit their 16-digital character code when browsing online or phoning insurers for a quote. Insurers then contact the Driving and Vehicle Licensing Agency (DVLA) to gain data about a potential customer, including how long a licence has been held for, what type of licence someone holds and whether there are convictions attached.

Saga services chief executive, Roger Ramsden, said, “Many people, of all ages, find recalling exact dates a challenge. But not being precise when it comes to motor insurance can have huge financial consequences – if you get the details of an accident wrong; or, if you forget about one scrape but go on to make a claim. This new initiative will ensure that people are protected and dont pay more than they ought.”

For many people, it may offer the chance to reduce their motor insurance significantly. Insurers will deem drivers riskier if they’ve got points attached to their licences or had recent accidents. By knowing their driving history, customers could gain access to better and more affordable deals.

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