Ethical car and bicycle insurer ETA has challenged figures quoted in a recent press release from LV= claiming that 12% of Britons are considering reducing or cancelling some type of insurance policy in the light of the current recession ‚ and that 37% of these are ready to downgrade their motor cover.

LV= warned that people failing to purchase legally required cover could be hit with a hefty fine and lose their licence. ETA suspects LV= is being alarmist, however, citing as evidence it’s own survey findings that only 1% of motorists are prepared to go without insurance altogether.

Bankstone News is not entirely sure whether, or how, these claims actually contradict one another, since 37% of 12% is only 4.5% of the total sample, with no split specified between downgraders and cancellers. Assume a ratio of three to one, and the two sets of findings seem broadly aligned. Far be it from us, though, to dampen the flames of smouldering controversy.


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    Jo was friendly while still professional. She answered any questions and was patient and happy to help. Next steps and cover confirmation could have been a bit clearer. I've had calls from credit hire that I was expecting for replacement bike but they were pushing to do repairs. I was told this would be done by an approved repair. I called just after 9am to notify a claim and was told I would receive a call back within 10 to 15mins. I had to call back an hour later as no one had called back. The lady who answered, Jo, did deal with things straight away and was very helpful
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