Another week, another scam: watch out for this car insurance loophole

There’s balance in everything, right? For every good, cheap car insurance provider, you’re going to get the equivalent of Mr. Burns from The Simpsons type provider, too.

Last week, we brought you news about the increase in ‘crash for cash’ schemes. This week’s news encourages you to stay vigilant when purchasing a new car that is used. Please don’t fall victim to this one. 

The recent news hurts innocent motorists through them unintentionally buying a used motor that has actually been written off in the past. This latest trick is due to a loophole that some car insurance providers may be taking advantage of.

It has been estimated that for every 50 cars that are written off, at a minimum it is believed that one of those is being planted back onto our roads. These vehicles are given fake histories of being ‘clean’ cars. Naturally, it means this could be a huge risk when it comes to safety for car drivers – both physically and financially. 

It has been figured that there are possibly 15,000 motors out there with the wrong registration. Only members of the Motor Insurance Anti-Fraud Register can check to see if cars have been previously written off, or experienced any form of trouble. For example, member groups such as fleet companies, forces like the police, and of course, car insurance providers.

However, it is estimated that there could be up to 2,000 motors advertised at any given moment, that have previously been written off in the past, having experienced serious problems. Be that as it may, there are still car insurance firms out there that have decided not to sign up for it.

This is a big deal, as it means vehicles that are written off previously by the insurer, can then be modified and put up for resale with incorrect status. This should be a wake-up call for drivers wishing to buy second-hand and used cars, and a warning to heed caution. Especially as cars that were on third-party or self-insured insurance schemes are not actually monitored and added to the database of the MIAFTT register.

Not all used cars come with baggage or a shifty past. We wouldn’t be doing our bit if we didn’t warn you about the minority, though. Thankfully, you don’t have to worry about any funny business here. Our cheap quotes are reliable and the real deal. Simply click here to see for yourself.

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