Today, the Motor Insurer’s Bureau announced a 10% increase in the number of cases submitted by victims of uninsured drivers, Amanda Stretton, Confused.com motoring editor, says:
“It’s worrying to see the number of claims to the Motor Insurance Bureau, which compensates victims of uninsured drivers, increase for the first time in over a decade. This suggests there are more uninsured drivers on our roads and we expect that this is down to the rising cost of car insurance, with some drivers being priced out of the market.
“At the same time, the rising number of claims from victims of uninsured drivers means the MIB expects to pay out £256m from money provided by insurers, a cost that adds an average of £15 to each motor premium. So, unfairly, those who are avoiding paying for car insurance are adding to the rising cost of premiums for other law-abiding drivers. It is no wonder car insurance is on track to be the most expensive on record, with premiums up to £847 on average* – just £11 short of the highest ever average price paid by UK motorists.
“All drivers should shop around to keep their premiums as low as possible. As many as half of drivers can save up to £284 or more by shopping around at Confused.com, so motorists wanting to make car insurance more affordable should take a few minutes to get a comparable quote online.”