Drivers prepared to commit fraud to bring down premiums

Millions of drivers are considering taking drastic action to reduce the cost of keeping their cars on the road, according to new research from Gocompare.com.

The survey of over 1,500 UK motorists revealed that while almost two-thirds said they were beating the credit crunch by using their car less and driving more fuel-efficiently to save money, an alarmingly high number of drivers admit they would consider withholding information from their insurance company to reduce their premiums.

22% said they would consider lying about the exact nature of where their car is parked, while 28% said they would withhold information about their exact annual mileage

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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