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Saturday 2nd August 2008
The subject of car insurance is always guaranteed to cause a great deal of upset amongst UK drivers with premiums seemingly increasing every year. However, with the credit crunch continuing to hit home there has been a marked increase in the number of drivers without valid insurance. Money is tight but there is no excuse – so why do people do it?
When you consider that the average new driver in the UK will be hit with car insurance costs of £1,750 a year as oppose to a £250 fine for being caught driving while not insured there is ample excuse for many to flout the law (in their eyes). The calls for tougher sentencing and fines for those caught driving with no insurance are growing but the government does not seem to be listening at the moment – insurance premiums rise but the fine levels do not.
It is estimated that divers in the UK are paying in excess of an extra £500 million a year to compensate for uninsured drivers – equating to £31 for each driver in the UK. This is often one of the statistics which the insurance companies hide behind when issuing their annual premiums, so what if this disappeared?
If the UK government was to dramatically reduce the number of uninsured drivers on the road this should in theory see premiums start to fall – but in reality? Well, that might be a different story. |
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