Subscribe to The Money StopNews Feed

Browse > Home / News, News-Insurance / Quarter of Brits ‘hide insurance info’

Quarter of Brits ‘hide insurance info’

September 12, 2007 by admin  
Filed under News, News-Insurance

Leave a Comment

More than one fifth of British motorists admit they have intentionally kept quiet about motoring convictions and license points to their car insurance provider, to avoid premium hikes following policy renewals.

Confused.com has found that although 96 per cent of motorists are aware that lying to the insurance company could result in invalidated claims, 21 per cent of drivers would be happy to take the risk and hope that they don’t get caught.

Debra Williams, managing director of the comparison site, warned drivers: “Insurers take a dim view of people who don’t update them immediately should their circumstances change.

“Changes in job title or annual mileage may seem insignificant to most drives, but this can significantly affect your premiums. If you are caught lying about your details, your insurer can reduce your pay out and may even refuse to pay at all.”

A report commissioned by the Association of British Insurers earlier this year revealed that fraudulent claims on , something one in ten (five million) drivers admitted to, push up average premiums by £40 a year.

Tags: something, mileage, car insurance provider, GBP, circumstances change."Changes, Association, Insurance

Tags:

Related Entries

  • Brits hiding their cash around the house
    • A recent report has revealed that an alarming number of Brits like to hide money around their homes in order to have ready cash when they need it rather than having to go to a
  • Brits hide billions in the home
    • Millions of Brits are storing billions of pounds in their homes and missing out on the benefits of banking.That is according to Virgin Money, which says we have a combined £3.5 billion worth of cash
  • Lying motorists to be weeded out by insurance firms
    • It has been reported recently that motorists that try and hide or lie about convictions when they apply for insurance cover are to find themselves at the centre of a crackdown by the insurance industry.
  • Only quarter of Brits have adequate insurance cover against loss of income
    • A recent study carried out has shown the low level of insurance protection cover amongst Brits against loss of income in comparison to the reliance of British households on more than one income. According to
  • Britons ‘banking billions’ at home
    • UK consumers have managed to hide a whopping £4.6 billion worth of cash around their homes, with the average Brit stashing £127 and an affluent eight per cent sitting on anything between £300 and £1,000
  • Is travel insurance more important than life cover?
    • Most Brits are well aware of the complications that can arise without the protection of life insurance cover. Nobody knows what lies around the corner, and an accident, sudden illness, or unexpected event could change
  • Brits focusing on repaying their mortgages
    • Recently released figures have indicated that many Brits are now focusing on trying to repay their mortgage debts rather than accruing even more debt. In the third quarter of this year more money was ploughed
  • Homeowners ‘do not have adequate insurance’
    • Up to one in five of Brits have no home insurance while a quarter do not know what their policy covers, according to a recent poll. Findings from the Nationwide showed that many respondents are

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!