| If you have tried to renew your home or car | | | | to cover the UK's growing number of uninsured |
| insurance recently you may well have noticed | | | | drivers. |
| insurance premiums starting to increase. One | | | | |
| of the main contributing factors in this | | | | With these two factors forcing up the cost of |
| increase is a rise in fraudulent insurance | | | | car insurance it is no surprise that some |
| claims. | | | | people are noticing a rise in their premiums. |
| | | | These price increases are commonly found in |
| Fraudulent claims are made mostly on home and | | | | the renewal letter sent by your insurance |
| car insurance policies and according to the | | | | company. |
| Association of British Insurers false claims | | | | |
| cost UK insurance companies some | | | | However, rather than simply accept the |
| £1.6billion a year. | | | | increase you have the option to act and |
| | | | switch you car insurance to another provider. |
| So how does this affect you? While insurance | | | | The car insurance market is fiercely |
| companies have indicated a commitment to | | | | competitive with companies eager to increase |
| tackling the issue the fact remains that the | | | | their customer base. You, the customer, can |
| problem costs them around £4million a day. | | | | use this to your advantage. An online search |
| This loss has to be recouped in some way and | | | | for car insurance can quickly illustrate the |
| in many instances is passed onto the | | | | possible savings you make by moving to |
| consumer. You are effectively paying for the | | | | another insurance company. |
| fraudulent actions of other people; on | | | | |
| average the impact of fraudulent claims adds | | | | If, like many other honest individuals, you |
| around £40 onto your insurance premiums. | | | | are unwilling to pay for other people's |
| | | | insurance fraud you can put pressure on your |
| When it comes to car insurance you are | | | | insurance company by switching your motor |
| effectively being hit with a double whammy. | | | | insurance to another provider. You could |
| Not only are you paying for other peoples | | | | even make a worthwhile saving in the process. |
| fraudulent activities but you are also paying | | | | |