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Whiplash: the backlash seems to be declining as average premiums decrease

The ABI (Association of British Insurers) has responded to the Transport Select Committee, Cost of Motor Insurance: Whiplash Report - and is calling on the Government to grasp the nettle and deliver the vital reports needed to tackle the UK's whiplash epidemic. The only fundamental changes to the current system will mean that insurers can deliver further reductions in car insurance premiums for their customers.

The facts and figures for whiplash which have just been released show:

Despite safer roads, in 2012/13 there were just under 477,000 claims for whiplash, this equates to nearly one claim every minute.

Whiplash claims cost over £2 billion a year and represents over 20% on the average motor insurance premium – around £90 a year to the average motorist.

The UK is the whiplash capital of Europe: 78% of low value motor personal injury claims are for whiplash, compared to an average of 48% throughout the rest of Europe.

The ABI's James Dalton, Head of Motor Insurance has commented “The industry remains committed to paying genuine whiplash claimants fair compensation in as short a timeframe as possible. However, for too many dishonest motorists, whiplash has become a fraud of choice, increasing motor premiums for everyone.”

“The Transport Select Committee is right to identify the need to tighten up the requirements for those submitting whiplash claims. There has been a growth in recent years in claimant lawyers and claims management companies encouraging people to submit an increasing number of frivolous or exaggerated claims. Whiplash now costs UK motorists over £2 billion a year, adding £90 to the average premium.”

“Following recent reforms to the civil litigation system, insurers are committed to pass on cost savings to motorists. We have delivered on that commitment and average premiums have reduced by 10% in the last year.”

The Committee's report has kicked into the long grass making the tough calls for reform that are needed to help insurers combat the whiplash epidemic and deliver further premium reductions for hard-pressed motorists.”

Motor insurance is a legal requirement and you must not take a vehicle on the road without cover. Shopping around for vehicle insurances is a complicated matter and using the services of a broker will not prove any more expensive than trying to find the right insurance yourself. At Westhill Insurance we will shop around to find the best insurance cover at the best possible price – we are an independent broker so we can make sure that we get the right deal for you. When you look at the number of claims made in one year from whiplash alone (477,000) you can see why it is so vital to have insurance: not having it is not only illegal, it is stupid and selfish too. Make just one quick call to our friendly team at Westhill Insurance Services and let us oil the wheels of your motor insurance cares!

Contact Westhill Insurance Services, today.

Posted on 31st August, 2013