by Adam Dunning October 12th, 2011
A recent survey has shown that high insurance costs are having a major effect on British drivers.
The news comes via a recent survey conducted by a parliamentary panel, in which a whopping 96 per cent of young motorists said that they’re being ‘priced off the roads’ by the recent spikes in the cost of car insurance. Meanwhile, about 21 per cent of drivers said they have considered driving with no insurance.
The report from the House of Commons Transport Committee also revealed that some 30 per cent of young motorists are desperate enough that they’ve thought of providing illegally altered information to insurance companies in the effort of getting an affordable quote. Moreover, around 57 per cent of respondents were apparently unaware that insurance companies often earn money via referral fees after they pass on policy holders’ information to a third-party garage, solicitor or car hire firm following an accident.
Chairperson of the panel, Louise Ellman said that she was ‘extremely concerned’ about the results of the study, which she said clearly showed that young drivers were being forced off the roads. She added that it was ‘shocking’ that they were actually considering illegal activity and changing information they provide to providers solely to obtain a cheaper policy rate.