Fraudsters punish honest drivers, claims car insurance provider

Mon, 06 Sep 2010

Increasing cases of car insurance fraud is contributing to the fastest-ever rises in car insurance premiums, according to AA Insurance .

The provider's assertion follows a report suggesting that one out of every 20 motorists aged under 35 has 'staged' an accident in order to make a fraudulent car insurance claim .

Young drivers are therefore finding their premiums rising much faster than average.

Simon Douglas, director of AA Insurance, commented: " The AA has been tracking the quarterly movement of average car insurance premiums across the industry for 16 years and premiums are now rising at their fastest ever rate.

"The price of a typical comprehensive car insurance premium, currently about £704, rose by an unprecedented 30.9 per cent over the past year."

Mr Douglas added that fraud is largely responsible for the rise in car insurance premiums.

Meanwhile, a poll conducted by LV= car insurance revealed recently that millions of car insurance customers are driving around with poor eyesight.

According to the poll, as many as 23 per cent of those not wearing glasses admit their vision is less than perfect.
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