27 March 2008
Drivers altering their car insurance policies are being hit by additional fees, according to new research by uSwitch.com.
In total, 14 million motorists are hit by these fees on a yearly basis, something that equates to £333 million, it said.
On average, uSwitch.com noted, charges imposed by service providers stand at £22 for amendments such as duplicate documents, with administrative charges coming into the fray.
Insurance Expert at the organisation Ashton Berkhauer said that there should be universal pricing imposed so that consumers know where they stand.
He commented: "Consumers need to know where they stand and the easiest way to do this is for the amount providers charge to be consistent across the insurance industry. This would make it clearer for consumers."
Additionally, cancellation charges at present are unlimited, he remarked.
Recently, swiftcover.com stated that drivers are making life easy for car thieves by leaving expensive products on display.