Fradulent car crashes staged costs insurance companies £350 million every year
Fradulent car crashes staged by criminal gangs are costing insurance companies £350 million every year, it has been claimed. “Crash for cash” cons are becoming more common and sophisticated, detectives warn, with the schemes offering high rewards for low risks. A specialist unit has been set up by the Metropolitan Police to tackle the problem, which involves fraudsters deliberately causing accidents before ripping off insurance companies. The bogus claimants cash in by billing insurers up to £50,000 for bogus courtesy car hire, vehicle... Lire la suite
Car insurance premiums could rise by 15% in 2010
A 2009 rise of almost 20% in car insurance premiums could be followed by a further hike of 15% in 2010, according to Consumer Intelligence. The market research firm puts the current average annual car insurance premium at £564.19, with 17 to 24-year-olds bearing the brunt of last year’s increase, at almost 25%. For this age group a typical annual premium stands at £1,489 while for the 65s and over the rise has been around 15% to £423. Best placed are 55 to 64-year-olds who pay around £376 a year to insure their vehicles. Consumer Intelligence... Lire la suite
35% of workers do not have business use cover on their car insurance
Employers are putting their workers at risk of driving without insurance by encouraging them to use their cars for work but not warning them of the need for business use cover on their car insurance. According to new research by insurance comparison site Gocompare.com, 72% of UK workers have used their own car for business use in the last year but 35% of UK workers do not have business use cover on their car insurance. Furthermore, only 38% of workers say their employer has talked to them... Lire la suite
Car insurance premiums rise by 20% during 2009
Car insurance premiums soared by nearly 20% during 2009 as the UK’s growing compensation culture pushed up insurers’ costs, research has shown. The cost of comprehensive motor insurance jumped by a record 18.7% during the year, rising by 7.2% in the final quarter alone, to leave average premiums at just over £1,000, according to a leading car insurance company. The group warned that premiums looked set to continue rising during the coming year as insurers struggled to cope with exhausted reserves and steep increases in claims costs. It... Lire la suite
Moneysupermarket.com to offer one year of free car washes for the purchase of M&S Car insurance
Motorists taking out an M&S Car Insurance policy, exclusively through number one comparison site moneysupermarket.com, will benefit from a free car wash every month for an entire year, worth up to £84. Following the success of this offer last year M&S have decided to repeat it for all new customers purchasing in February. The ‘Car Wash Incentive’ is available for one month only, running until Sunday 28th February 2010. Customers taking advantage of the deal will receive a booklet of 12 vouchers entitling them to one free car wash... Lire la suite
