As I walk along..

In many cases of accidents, it has been shown that speed is a major contributing factor. In accidents where speed was a factor, the injury sustained was serious and often fatality occurred. To counter this untoward effect, the government and local councils had set up speed limits and reduced speed limits in many suburbs and in around schools to as low as 40 km per hour. More speed cameras have been installed and the quantum of speeding fine has also been steadily increased.
There is now a recent report that a young guy had set up an insurance scheme to protect the drivers against speeding fines. For a moderate premium, a driver can insure himself that if he received a speeding fine, the insurance would pay for his fines. Hence the insured driver can continue to speed without the worry of having to pay hefty speeding fines.
Let alone the viability of such an insurance scheme, the concept is fundamentally flawed. The scheme may protect the insured driver’s against his financial loss; it does not in any way reduce his risk of involving in an accident. On the contrary, the risk of an accident would increase with such a scheme.
The best insurance against paying speeding fines is not to speed, and the insurance is free.