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12th September 2007
One in Four Admit to Keeping Mum to Avoid Car Insurance Hikes | Cheap Car Insurance and Home Insurance from Confused.com
Research out today from Confused.com, the UK's leading insurance price comparison service, has revealed that as many as one in four* drivers could be at risk of invalidating their car insurance, by failing to inform their insurer of motoring convictions or points on their license ahead of their annual policy renewal date.
Despite the fact that 96% of drivers are aware that bending the truth about their car's details and driving history could invalidate a claim - motorists appear only too willing to take a risk in the hope they won't be caught out by their insurer.
The research showed that a quarter of all car owners believe it's ok to be economical with the truth when looking for cheaper car insurance to help bring down premiums. However, this in itself could leave drivers high and dry when it comes to making a claim.
Commenting on the research, Debra Williams, Confused.com Managing Director warned: 'Insurers take a dim view of people who don't update them immediately should their circumstances change. Changes in job title or annual mileage may seem insignificant to most drivers, but this can significantly affect your premiums. If you are caught lying about your details, your insurer can reduce your pay out and may even refuse to pay at all.
'If you move address, receive points for a driving conviction or have an accident, even if that is only a minor knock or ding, you need to notify your insurer immediately. Don't risk waiting until your policy is up for renewal, as if you need to make a claim and a previous incident has not been reported, you could find that your policy isn't worth the paper it's written on.'
Debra continued: 'In the worst case scenario you could land yourself in hot water with the police and get a record for fraud, making it difficult and considerably more expensive to get cover in the future.'
| Would you inform your insurer immediately of: |
No |
Yes |
| Minor knock or ding |
73% |
27% |
| Change of career / Job title |
68% |
32% |
| Mileage increase |
60% |
40% |
| Change of bank details |
42% |
58% |
| Change of details of 2nd person insured on your car |
29% |
71% |
| Penalty points on your license |
21% |
78% |
| Convictions (motor related) |
20% |
80% |
| Accidents |
10% |
90% |
| Change of address / contact details |
4% |
96% |
Editor's notes
- For more information please contact Ewan Davy, Antonia Mullaly or Daniel Gray at Grayling on 0117 922 7799 or Jennifer Rose, PR Manager at Confused.com on +44 (0)2920 434 398 or 07970136737
- Debra Williams, is available for interview by contacting Grayling on 0117 922 7799.
- Confused.com carried out a survey of 1260 people on the Confused.com website during May and June 2007.
- * 42% of drivers would not inform their insurer immediately if they received a motoring related conviction or penalty points on their license. The number of private car policy holders in the UK is 25,342,105 (ABI2006)and therefore over 10 million drivers could run the risk of invalidating their policies = 10,643,684
- Confused.com is the UK's leading insurance price comparison service, allowing people to search and compare the best premiums for car, home and travel insurance.
- Confused.com provides real-time, fully-underwritten quotes in less than two minutes - this means the price you see is the price you pay, guaranteed.
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