Dedicated to helping their users save money, the team received this news with great interest
(PRWEB UK) 15 August 2012
The AA British Insurance premium index found that the average cheapest premium for comprehensive cover sold directly has risen by 8% to £1,034 a year. The group most affected by this rise was young drivers, particularly males between the ages of 17 and 22 who found their average figure coming in at £2,792 at the end of the second quarter. The study also found that the most expensive areas to take out cover were Greater Manchester and Liverpool.
Gap Car Insurance provide users with access to a wide range of Guaranteed Asset Protection providers. Dedicated to helping their users save money, the team received this news with great interest and one member of staff has suggested that this increase in premiums is down to an increase of fraudulent claims.
“Fraudulent claims, such as those for whiplash- a condition notoriously hard to disprove, are famously driving up annual rates. What is interesting to note however is that this figure refers to policies sold directly, so our advice to any young drivers would be to compare the market.”
As these costs increase, companies have begun cracking down on dishonest claims, as well as those who try and cheat the system by withholding or changing information to reduce premiums. In response to this, the Gap Car Insurance team have warned drivers of the importance of providing correct data.
“Application fraud as it is known can have significant consequences. Whilst not always intentional, failing to provide accurate and up to date information could lead to you having to pay significantly more later on so it is always worth double checking before filling in forms."
Gap Car Insurance was established with an aim to allow customers to browse gap car insurance prices quickly and efficiently. The trusted and approved agency offers instant quotes, directly to the customer, from hundreds of companies across the country.