The true extent and nature of vehicle theft is being masked by hard-pressed police forces, according to loss assessor Claims Management & Adjusting. The Kent based business is the UK’s oldest specialist motor insurance loss adjuster and has written to the National Crime Agency (NCA) requesting evidence to support its recent statements on keyless car thefts. CMA managing director, Philip … [Read more...]
A fifth of drivers risking insurance fraud
Go.Compare insurance has found that one in five parents with children who have a car could be risking a significant fine and a criminal record for ‘fronting’ their child’s insurance policy. ‘Fronting’ is when an older or more experienced driver - usually a parent - claims that they’re the main user of the car but it’s mostly driven by a young person, or other high-risk motorists, to reduce the … [Read more...]
Insurance is covering criminality
Valid motor insurance is proving to be as valuable a disguise for today’s criminals as stockings over the head or a mask was years ago. Using a stolen identity to take out cover, their vehicle details are added to the Motor Insurance Database, allowing them to drive around without attracting police attention. Stealing an individual’s ID and taking out motor insurance in their name used to … [Read more...]
Younger drivers’ perfect storm over premiums
A perfect storm is battering premiums for younger drivers, says MoneySuperMarket. Quarterly data from MoneySuperMarket, reveals that young drivers shouldered hefty car insurance premium increases from July to September 2017. Of the three main factors affecting premiums in 2017 - changes to the discount rate applied to claims pay-outs, the increase in June to insurance premium tax (IPT) and … [Read more...]
Clocking cars increases under PCP limits
The number of cars on UK roads showing mileage discrepancies is costing motorists over £800 million every year according to hpi, one of the UK’s leading authorities on vehicle checking services. The automotive data experts say the number of cars affected has also risen to one in 16. The figure has worsened from one in 20 cars less than three years ago. Revealing of the figures coincides with … [Read more...]
Parents turn to crime to protect young drivers
Gocompare.com Car insurance has found that more than half (54%) of parents of young drivers have ‘fronted', or would consider ‘fronting', a car insurance policy for their children in order to get them lower car insurance premiums. The practice, whereby a parent, usually a more experienced driver, indicates that they are the main driver of a vehicle which will most often be driven by a young or … [Read more...]