Swinton

Swinton

January 30, 2011 19:01 ET

Swinton Urges Drivers to Beware of Fraudulent Claims

MANCHESTER, UNITED KINGDOM--(Marketwire - Jan. 30, 2011) - Following on from the Association of British Insurer's statement that fraudulent claims within the car insurance industry are at an all time high, Swinton is warning drivers to ensure all claims made are legitimate, as even the smallest exaggeration or error will be scrutinised.

The cost of grown at its fastest rate, in large part due to a rise in fraudulent claims, according to data released. During the three months to the end of December, car insurance quotes went up by 11.5% to £704 for an average annual comprehensive car policy, according to the AA British Insurance Premium Index. This is the biggest increase recorded by the organisation since it started tracking quarterly insurance premium trends 16 years ago.

The ABI puts the total cost to the industry of undetected general insurance claims fraud at £2bn per year. This adds around £40 a year to the insurance premiums paid by all policyholders, meaning that drivers who abide by the law and don't make fraudulent claims are being unfairly penalised.

Steve Chelton, Insurer development manager at Swinton, said: "We are seeing more and more motorists making fraudlent claims on their car insurance. We would like to advise all of our car insurance customers that this is highly illegal, and drives up costs for honest motorists.

"Flouting the rules could result in a conviction and penalty points which could increase your car insurance premium."

About Swinton

  • With 603 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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