Thousands of drivers putting their cover at risk says ABI

Thousands of drivers in the UK are putting their motor car insurance cover at risk according to newly released research findings from the Association of British Insurers.

The ABI, which represents car insurance companies in the UK, stated that many motorists are purposely giving their insurers false information or failing to disclose motoring convictions or other important facts to them in order to secure discount car insurance.

The research study found that the most common occurrence is that of parents insuring a vehicle with themselves listed as the main driver.  The parent then lists their son or daughter as an additional driver who uses the car only occasionally.  However the son or daughter use the car regularly instead, as trying to procure cover for themselves would be prohibitively expensive.

More than 50 per cent of survey respondents indicated that they would consider engaging in the practice.  Commonly called ‘fronting,” it can not only lead to the invalidation of an insurance policy but could also mean a criminal conviction as well.

20 per cent of drivers stated that they would consider exaggerating how many years it had been since they last claimed.  Moreover, 12 per cent stated that they might not be able to resist the temptation to omit to disclose motoring convictions that would be relevant information their insurers need to know in order to calculate proper premiums.

Additionally, one out of every ten surveyed said they wouldn’t rule out changing details, such as their occupation, address, or age, in an effort to secure cheaper car insurance.

The ABI stated that such behaviour can lead to criminal convictions.  They can also make it impossible to find discount car insurance or sometimes even obtain insurance at all.  The practice can also lead to difficulties in securing credit or other such financial products.

The Association’s director of general insurance and health, Nick Starling, says: “Trying to deceive your insurer is a false economy that will cost you dear.”

He adds: “Of course everyone wants to get the best motor insurance deal, but being less than truthful is not the way to do it.”

The ABI commissioned its research among 2,600 adults.

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