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Rise in Premiums Could See More Uninsured Drivers
14. 10. 2008 posted in: Car Insurance News 2008
Insurance Premiums Increase Concerns for Fraud
Fears are growing that the recent above inflation rise in insurance premiums could see a dramatic rise in motor insurance dodgers.
With motor insurance premiums rising on average by six per cent many people believe that an increased number of UK drivers will simply 'take the chance' in not buying the required insurance for them to drive legally on the roads.
According to official statistics there are around two million uninsured drivers on the UK roads and with the credit crunch driving home financial tensions are abound. Many drivers will simply be forced into driving without adequate insurance cover, and with many simply being prepared to take the calculated risk it really is frightening.
The average fine for driving without insurance is apparently around £250 so one can clearly appreciate that a newly qualified driver premium can be £1500 to £2000 it seems like a no brainer for some.