Stringent Rules from Insurance Sector to Counter the Uninsured Cars on UK Roads
UK drivers have been suffering at the hands of increasing insurance premiums in addition to the accidents that have increased overtime to gain insurance claims. Furthermore, it is noted that accidents involving the uninsured motorists can add to the surmounting insurance premiums. Close to 1.5 million drivers in UK ride without insurance cover for their cars and while the same is considered as an illegal practice, there has been no improvement in the same. It would eventually bring forth a situation where attempts to compare car insurance cannot be effective in lowering the premium rates. In accordance with a major insurance name, the premiums have crossed 2009 values by as much as 30%.
The company believes that within the year-end, the premiums may mount to 20%, making a mad race among the UK citizens for grabbing a low insurance cover- a possibility that does not seem to happen in the offing. The burgeoning increase in the fraudulent claims as well as mounting payouts have forced the insurance companies to bring forth high premiums as the sole means to curb the ongoing crises. It is likely that the young UK drivers may have to see the worst of premiums with increases in the theft policies a well as the third-party fire. These possible outcomes could further impose the younger motorists to adapt to illegal means rather than wasting their time to compare car insurance.
Furthermore, the impending consequences that could arise include an increase in uninsured cars on the UK roads. Furthermore, it also increases the chances of costly payouts if you are involved in an accident with an uninsured car. It would be a better choice for drivers to lay their cars off-road and get insurance cover. With Continuous Insurance Enforcement Rules bringing forth-severe implications, a car without insurance will officially be declared off-road. One may have to pay £1000 as the fine amount or vehicle confiscation could be the possible outcome.
Article written by the marketing division of Compare.Com.