2.5 million motorists could have invalid car insurance, says researchby price comparison website
New reserch claims that 2. 5 million UK motorists could have invalid car insurance and a further 6% of vehicles are uninsured
The drivers could have an invalid insurance policy becuase they provided inaccurate information during the application process.
The research from uSwitch.com found that 10% of drivers provided inaccurate information such as their age, address, no claims bonus, and previous driving convictions in an attempt to save money on the cost of their car insurance.
Aron Thompson, head of insurance at uSwitch, said: “With many consumers seeing car insurance as a grudge purchase, it’s no great surprise to see people either withhold or knowingly provide inaccurate, crucial information in order to get cheaper cover.
"To the consumer, this may seem like a little white lie to save money.
"In reality, it could end up teaching the driver a costly lesson, on average £1,636, as the provider is under no obligation to settle a claim based on a policy which is inaccurate.
“However, our research has also shown that it is not always an intentional ploy to save money as many people simply do not understand the questions asked or the implications of their answers during the application process.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
