03/07/2008 10:08. Drivers with penalty points can pay up to 60 per cent more for their car insurance than those with a clean licence.

According to price comparison site confused.com, drivers who have points on their licenses really pay for it when it comes to car insurance, paying on average £370 more than drivers with no points.

And for younger drivers, the financial consequences are even worse Confused.com's study shows that a 21-year-old female Mancunian 1.3 Ford Fiesta driver would see her premiums rise by 92 per cent up to £895 if she received six penalty points. If she was careless enough to receive nine points, the result would be a 210 per cent increase.

And, despite the fact that women traditionally pay less for their car insurance than men, confused.com has found that older female drivers... // Fair Investment Company