UK Car Insurance News

April 24, 2005

 

90% of UK drivers will crash their car

Nine out of 10 motorists will be involved in at least one road accident in their lifetime, according to a report published today by leading motor insurer, MORE TH>N. But a third would rather fork out themselves than make a claim.

The majority of accidents will be collisions involving two or more vehicles and would cost an average of £1,100 to put right, although a third of accidents are ?small prangs? costing less than £500.

MORE TH>N?s report shows that over a third (36%) of motorists are reluctant to claim on their car insurance. A quarter of this number blame their reluctance on fear of losing their no claims bonus. The average driver is prepared to pay £235 out of their own pocket to fix the damage, and one in 10 is ready to shell out £500 to avoid making an insurance claim.

David Pitt, Head of Insurance at MORE TH>N, said: ?The vast majority of drivers will experience a prang, bump or scrape at some stage, even if it is not their fault, yet many don?t claim on their motor insurance policy. Instead they dig deep into their own pockets for various reasons ? one of the biggest being fear of losing their no claims bonus. This and the other fears raised in our report mean motorists are out of pocket unnecessarily, or worse, they driving around in damaged vehicles.?

posted by UK Insurance Index  @ 4:34 PM

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