Are whiplash sufferers really the cause of higher insurance premiums?
The Whiplash reforms proposed by the government on 17/11/16 are sponsored by the insurance industry and will struggle to pass on the alleged £40 savings per year on motor insurance costs.
Free Motor Legal urges people to be cautious in their support of the reforms being tabled by the government as these are sponsored by the UK insurance industry, supported by their trade body The Association of British Insurers (ABI).
The reforms on the face of it appear a welcome and popular way of bashing the premium increases down we have all been seeing over the last 18 months. But there are so many reasons motor premiums have increased and whiplash is far from being the route of all evil.
Our previous blog revealed the REAL REASONS YOUR MOTOR PREMIUMS HAVE BEEN INCREASING.
Nothing has changed since then and there remains concerns that the promises of savings will not be passed on. An independent financial ratings agency Fitch has already said that they doubt insurers will pass on the alleged savings.
Already the promises of £50 savings from October 2016 on the ABI website have now dwindled by 20% a month later and we are now all promised £40 off our premiums.