MIB: Car insurance fraud on the rise
Wednesday, 24 February 2010 10:46AM
MIB: Car insurance fraud on the rise
However, when questioned by the body, 70% said they did not know what the term fronting means and a third of those who do understand it feel it is acceptable.
Ashton West, Chief Executive of the MIB, commented: "There is a significant degree of confusion amongst drivers about the importance of giving accurate information about the main driver to an insurer."
He added that car insurance policies should offer people peace of mind, so failing to provide accurate information could lead to penalties, fines or even prosecution.
Consumer Intelligence research recently found that consumers can reduce their premiums by up to 35% simply by shopping around.
Posted by Ruth Bradshaw
Latest insurance stories
- Tom Tom satnavs to monitor driving and possibly reduce premiums The satnav company Tom Tom is making inroads into the car insurance market as it signs a deal to incorporate driver monitoring software into its devices.
- Transport Secretary pledges reforms on car accident injury claims In an attempt to prevent the UK from becoming the whiplash capital of Europe, the Transport Secretary, Justine Greening, has announced plans to reform car accident injury claims.
- 200,000 may be left without flood insurance Up to 200,000 people are potentially going to be left uninsurable next year if a new agreement on flood insurance is not reached, the AA has warned.
