Frauds Have Fueled Up the Car Insurance Premiums

Innocent customers compare car insurance quotes UK, find a best desirable deal and get their vehicles covered under it. However, fraudsters take a different route. In fact, the numbers of frauds and false claims have been increasing each day. This is directly affecting the insurance premium levels, making them all the more expensive.

During the last year, the average cost of a comprehensive car insurance cover increased by 30.9 per cent. It was the fastest rate since last 16 years. A leading insurance company in UK has observed that the rate of this increase for the young motorists was even faster than the average rate of increase.

This insurance group has pointed out that car insurance scams and frauds are the major driving factors of these record hikes in the insurance premiums. These comments from the company come after their survey in Flintshire on a car insurance comparison website. The survey has revealed that about five percent of the drivers under 35 years of age had made fake claims for a staged car crash. Another 15 percent motorists in the same age group admitted that they could consider a staged accident for making a claim on their insurance policies.

ABI, Association of the British Insurers, has recently confirmed that car insurance companies uncovered fraudulent and fake car insurance claims worth £410m in the year 2009. It has now been accepted by many insurance companies that the problem of fraud claims and scams is deep and a major factor responsible for inflating the premiums. The ultimate bearers are the innocent motorists who compare car insurance quotes UK and get their vehicles covered with a policy giving all the correct information and renewing them from time to time.

Thousand of drivers are willing to attempt cash for crash situation so that they get the claimed amount form the company.

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