Car Insurance

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Fiddy‘s not the only one without a valid insurance certificate. Various sources estimate between 1 million and 2 million uninsured drivers on Britain’s roads. What that means is that 1 person in 20 (at least) is driving without insurance, most of them young men.

So how do you think those statistics are going to be affected now that Norwich Union have decided to add 40% to the cost of motor insurance for young male drivers? Especially when the fines for uninsured drivers are less than onerous.

You don’t need a degree in rocket science to work out that a cost-benefit comparison is going to lead to more drivers simply ignoring their requirement to purchase third party insurance cover. That can’t be a good thing.

However, it may also be about to become much more expensive for the insurance dodgers. The MIB has an article (pdf format) about the new automatic numberplate cameras currently being rolled out across the country as the police gain new powers to crush uninsured cars.

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