Insurers have been accused of making decent honest motorists pay for the stupidity of their own underwriters who are accepting large numbers of fraudulent drivers on to their books.

These outrageous claims were made in an article in the Daily Telegraph which reports that “Some providers are raising their prices as they tackle ‘crash for cash’ scams and ‘excessive’ numbers of whiplash claims.” It also quoted Alcoholics Anonymous’ Dougie Simons who appears to let slip that “insurers are handling ‘excessive’ numbers of claims which ‘push up premiums'”.

Bankstone News refuses to believe for one second that insurers would make innocent motorists pay for their own failure to turn away wrong ‘uns. That would surely violate some fundamental principle of insurance!

Under the heading “Cost of car insurance soars to more than £1,000”, the Telegraph reports that “some providers have been slashing their prices to build their customer base” and quotes Simons again noting that companies making big premium cuts on price comparison sites to draw in customers is “great news for consumers”, and that “the market is in turmoil.”

And, as if plummeting insurance prices weren’t bad enough, an online poll carried out for motor.co.uk has found that four in ten Britons are using their cars less and opting for public transport (20%), walking (32%) or cycling (5%) because they are sick of the rising costs of owning a car and, in particular, of rising fuel costs and potholes.

Some of these disaffected motorists – whisper it softly – are even rumoured to be giving up on private car ownership, which, according to the grossly bloated estimate of the RAC, now costs on average £6,689.00 per annum or 55.7p per mile, whichever shall be the higher figure, making it virtually impossible to eke out a profit on your work mileage claims.

Meanwhile the best advice for motor insurance customers who still reckon an average premium of £86 per month is a bit steep, appears to be to move to Scotland, where comprehensive insurance coverage can be had (on average) for a mere £727 per annum, compared with £1,034 nationally and £1,648 in Liverpool and Greater Manchester.

Hard to argue with that!


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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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