Honest motorists foot £500m insurance bill

Honest, law abiding motorists are footing the bill for drivers who take to the roads without car insurance, it has been claimed.

According to Sainsbury's Car Insurance, as many as half a million people have driven on UK roads without car insurance during the past year.

The firm claims that those with insurance policies are paying an extra £500 million to cover the cost of accidents caused by uninsured drivers.

Spokesman for Sainsbury's Car Insurance Ben Tyte told the Ayrshire Post that many people have simply cut back their insurance cover as a result of tighter household budgets.

He added: "Those that do are breaking the law and are a real menace on our roads. They cost honest motorists an extra £30 a year in premiums."

Mr Tyte concluded that greater use of automatic number plate recognition technology was helping police catch more uninsured drivers – something which could have a positive impact on motorhome insurance premiums.

Recently, Adrian Flux Insurance Services said that drivers who want to save money on their motor insurance without compromising cover should shop around before renewing their policy.

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2009-12-21 12:42:31 © Moneyextra.com