New initiative launched to lower car insurance rates by 35%

With the number of fraudulent injury claims that car insurance companies have been encountering on the rise, the launch of a new initiative is targeting the practice, with the possible result of a 35 per cent reduction in car insurance rates.

A new company called Mycamerawitness is providing motorists that become involved in road traffic accidents with video footage access demonstrating how cars are being driven in order to put to rest stressful and lengthy liability arguments between motor car insurance companies.  The firm has come out with a new product to aid in combating rising premium prices by providing drivers with a protection package including a hazard warning triangle, a high visibility jacket, a hazard warning light, and a high definition car-mounted camera to record the events leading up to a crash.

Recording and retaining data regarding every car trip made by a motorists, the in car camera can provide footage to prove more definitely if the motorist was responsible for any accident.  Company spokesperson, Len Hope, remarked that insurance fraud is a growing problem in the UK, with criminals using staged accidents and similar tactics to cash in, which effectively makes insurance for honest motorists even more expensive than it is currently.

Stating that now was the time for action, Mr Hope said that the company’s new camera will aid in safeguarding drivers against scammers and the millions of pounds they’re costing honest motorists on a yearly basis.  In order to facilitate this, the company will send a camera free of charge to any motorist that contacts the company if they were recently injured in a non-fault accident.

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