“Crash for Cash” Phenomenon Pushes Van Insurance Prices Through the Roof

The past year has seen an increase in the amount of false van insurance claims as the numbers of “crash for cash” incidents rise, according to research carried out by Swinton Commercial.

The research undertaken by the van insurance retailer revealed that the insurance scam is costing commercial vehicle drivers and the van insurance industry almost twice the amount than in previous years.

Swinton Commercial describes the “crash for cash” scam as when a driver causes an accident and makes it look like another driver’s fault, often achieved through disconnecting the brake lights on a vehicle and stopping suddenly.

Phil Moss, Commercial Vehicle Manager at Swinton Commercial said: “We urge all van drivers not to be tempted by any insurance scams. Cases like these are driving up van insurance premiums by over GBP 40 per person. It is now more important than ever that van drivers have adequate insurance, to cover any eventuality.

“Many people involved in this scam cite financial worries as their reason for being involved but ultimately it could drive up insurance premiums for guilty and innocent drivers alike.”

About Swinton

— Swinton Commercial is the dedicated commercial insurance division of the Swinton Group — Swinton Commercial was awarded Commercial Lines Broker of the Year 2008 and is a finalist at the British Insurer Awards 2009 — With 580 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

Contacts: SKV Communications Anoushka Done, Anna Asamoah or Mairead Rodden 0161 838 7770 www.skvcommunications.co.uk

SOURCE: Swinton