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Daily Insurance Industry News
Tuesday 23rd of January 2018
February 23, 2010

Five year old cars the worst for claims

by David Masters

Story link: Five year old cars the worst for claims

Motorists with five year old cars are the most likely to make a claim on their car insurance, according to research by Virgin Money.

The insurance provide found that 9.6% of all claims were from drivers with five year old cars.

This compares to ten year old cars, which account for just 6% of claims, and cars less than one year old, which account for a mere 2% of claims.

Virgin Money also found that cars between three and six years old account for almost 40% of accidents in the UK, despite making up less than a quarter (24%) of the cars on the road.

“This is not to say that cars five years old are the most dangerous, but that they are more likely to be involved in an incident that leads to a claim being made,” said Grant Bather, Virgin Money spokesperson.

“This may be a traffic accident, breakdown or theft.”

 

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