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Main Page Swedish Speeding Insurance
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Posted by: JoninNH

God I hope this doesn't come to New England...

What a Swede deal for speedy drivers
Company offers insurance against parking and speeding tickets

Reuters
Updated: 9:13 a.m. ET Aug. 11, 2005

STOCKHOLM, Sweden - Tired of parking fines and speeding tickets? A Swedish company offers insurance against both, claiming to be the first in the field.

Swedish drivers who register with the Bisso company and pay an annual fee of 850 crowns ($112) are covered against three speeding tickets a year, as long as they are not more than 30 km an hour (19 miles an hour) above the limit.

For an extra fee, drivers can buy cover against parking fines. Fines in Sweden, which has one of the best road safety records in the world, range from 800 to 2000 crowns for speeding and 425 to 700 crowns for parking offences.

“We believe drivers are under economic pressure and there is no room in household budgets to pay fines. We offer economic protection,” said Dan Glimmeras, head of marketing at Bisso.

He told Reuters insuring against speeding fines was not illegal, but repeat offenders could still lose their license.

Several thousand people had signed up for the insurance since May, Glimmeras said.

Copyright 2005 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters.
© 2005 MSNBC.com

Posted by: frapmpd24

Quote:

Swedish drivers who register with the Bisso company and pay an annual fee of 850 crowns ($112) are covered against three speeding tickets a year, as long as they are not more than 30 km an hour (19 miles an hour) above the limit.

19 over the speed limit! This would definately not work for many of the massholes on the road. 19 mph is on the low end of the speeds usually see, I would get to ruin that for many...

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