Daily Insurance Industry News
Daily Insurance Industry News
Monday 24th of September 2018
August 30, 2010

Dishonest drivers add £50 to car insurance premiums

by Gill Montia

Story link: Dishonest drivers add £50 to car insurance premiums

Honest UK motorists are paying £1.25 billion a year to support the activities of dishonest drivers.

According to research from Co-operative Insurance, the average car insurance premium carries a £50 penalty to cover costs incurred by uninsured and fraudulent road users.

Launching a joint initiative with road safety charity, Brake, Co-operative Financial Services chief operating officer, Tim Franklin, said: “Millions of people are deliberately flouting the law by not insuring their cars at massive cost to honest road users and the wider insurance industry, posing an unnecessary and unjustified risk.”

He added: “Whilst work is continuing to highlight the dangers of uninsured drivers – and keep them off the UK’s public highways – by the police, road safety groups and the insurance industry, there is clearly more to be done.”

Last month The Motor Insurers’ Bureau (MIB) identified the UK’s uninsured driving hotspots, placing Barkerend in Bradford (BD3) at the top of the list.

The West Yorkshire location was followed by West Gorton, Manchester (M12), and with half of the worst-offending postcodes in the West Midlands, the Birmingham suburbs of Small Heath (B10), Handsworth (B21) and Saltley (B8) completed the top five.

However, the MIB also reported that significant progress in the fight against uninsured driving has been made, with an overall 20% reduction in the number of uninsured vehicles on UK roads over the past four years, to 1.5 million.


News posted:

Related stories to Dishonest drivers add £50 to car insurance premiums: