The survey found that 2.2m motorists have driven without insurance, with the majority (1.8m) mistakenly believing they were insured at the time.
The number of motorists borrowing cars rose 14% last year despite facing fines of up to £5,000 if caught by the Police, up to eight points on their license and, in some circumstances, an instant driving ban.
According to official Police data obtained by a freedom of information request from LV= car insurance, 22,000 drivers have been caught using a vehicle uninsured and been awarded penalty points in the past six months, yet this is just the tip of the iceberg as motorists driving friend’s or relative’s cars without insurance goes largely undetected.
One in six (18%) motorists have lent their car to someone else and of these, almost a fifth (19%) believed there was valid insurance in place when there wasn’t and a further four percent did not care that the driver was not insured.
Almost half (47%) of car-lenders who are committing a crime by lending their car to an uninsured driver say they lend their vehicle at least once a month. Of these, a quarter (28%) lend their car to an uninsured son or daughter and 15% to a flatmate.
Four in ten (44%) drivers say they would lend their car to a friend who is not insured to drive it, regardless of the law.
LV= managing director John O’Roarke said: “Thousands of motorists lend their cars to others and don’t realise they are not insured to drive them. If someone has driven your car without insurance, and with your permission, you could face a fine and up to eight points for permitting a vehicle to be on a public road without an insurance policy being in force.
“The root of the problem is that many drivers assume that by having comprehensive insurance on their own vehicle, they are automatically covered to drive other vehicles – but this is not always the case. Some policies offer no cover at all, some offer third party only, meaning in the event of an accident where the car borrower was at fault there would be no payment for any damage to the vehicle. We would advise drivers who are lending out their car to add the car-borrower to their insurance policy as a named driver to ensure there is valid insurance in place.”
Research reveals 22,000 drivers caught using a vehicle uninsured in last six months
1. Not understanding the different types of home insurance
The first thing to realise is that there are two, very distinct, types of …
6 Sep 2018
The Co-op Group, Britain’s most prominent mutual, is exploring the sale of its general insurance operations for about £300m amid accelerating changes …
2 Aug 2018
One year after winning an award at the National Family Business Awards, independent and family-run Ashbourne Insurance returned to the event as …
18 Jul 2018