If the youth of today didn’t have enough to worry about at the moment, they now need to be on high alert for car insurance scams.
Whilst they aren’t deliberately being targeted, it’s often new drivers — who are usually younger — that end up falling for the scam. Now, we feel it’s important to point out that this has nothing to do with brains or intelligence. It’s more to do with the fact that younger drivers usually have more access to social media and the internet. And unfortunately, this is precisely how and where the fraudsters operate.
It’s called ‘Ghost Broking’ and is popular among bogus providers offering completely fake car insurance deals. Using platforms such as Instagram and Facebook, the unbelievably low prices being offered are just that: unbelievable and unrealistic. The policies and documents the unfortunate victims receive are also — you guessed it — COMPLETELY FAKE.
After a year and a half of driving lessons being cancelled and rescheduled (cheers Covid-19), there is a sudden influx of drivers who are now passing, purchasing new cars, and needing car insurance policies. It’s a common assumption that car insurance premiums hit the roof when it’s your first car, and you don’t have much experience behind the wheel. Unfortunately, those assumptions are true.
The longer you drive and keep your vehicle insured (and don’t need to make claims against your policy), the more likely your premium is to drop with each year that passes. This is unfortunate for the younger generations, who are already accumulating so much debt in this modern age. No wonder they’re more likely to go with a scammer’s version of car insurance policies. Heaven knows when my younger brother’s student loan will be paid off (probably never).
There’s been a lot of ‘unfortunate’ things to watch out for in this week’s blog post. All we can say is we care about our customers, so keep yourselves safe from scams, and be sure to purchase car insurance from reputable providers. If you’re unsure where to find these, that’s where we come in! Complete this form (it takes less than 3 minutes) and let us take care of the rest.