123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Do Not ‘front' And Cheat Your Insurers!

Profile Picture
By Author: Sadhana Dhanyal
Total Articles: 2541
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

It has been found that the Britons are finding new ways to save money on motor insurance. They are taking insurers for a ride. Fronting is something that parents are increasingly making use of. Parents with children who are known to be breaking the law by fronting. It is believed that one in ten drivers have done this on their car insurance policy. What is even more startling is that one in four people wrongly think doing this is legal. The strange thing is that though many are aware that this is illegal, still they would do it to save money.

Over half of the drivers are not aware whether fronting is legal or not. People are oblivious of the reasons and still taking on the risk to go ahead with this. Most of the drivers are lying to their insurer to save money. They are playing a very risky game by doing so. The fact is that a motorist claiming to be the main driver, while they are not is a risky situation.

It can put your life to risk. It is certainly a dangerous move. It may allow you to save money in the short term on your premiums. Unfortunately, if you are caught, your insurance will be invalidated and a ...
... younger driver could face court - charged with driving without insurance. Just think over it? Do you feel the need to invite such a situation? Certainly not, no? Then why get involved in something that can jeopardise your life?

Who are more prone to front?

The figures reveal that it is women who are exposed as more likely to front than male drivers (43 per cent vs. 37 per cent). Women involve themselves more in this kind of activity as compared to men.

Who are more likely to commit fraud and do this?

According to the research, Londoners (52 per cent) and those who live in the North West (47 per cent) are most likely to do so. Hence, it means that geographically the regions that are involved in this kind of practice differ.

There is another side to this coin though. The poll also reveals that two fifths of drivers (38 per cent) would not run the risk of fronting. They believe that if they were caught doing so, their insurance claim might not pay out. They are aware of this fact. However, this number is very small. Very few are rightly practising the norm.

The need of the hour is that younger drivers must be made aware that having their own insurance policy will over a period of time allow them to build up their own ‘no claims discount'. This will go a long way in reducing the cost of the policy in the future.

Sadhana Dhanyal,content developer. For more information: Short Term Cash


Get more information on: Debit Card Loan

Total Views: 387Word Count: 484See All articles From Author

Add Comment

Investing / Finance Articles

1. Personal Loan In Vishakhapatnam: A Practical Way To Meet Financial Goals
Author: Amit Sharma

2. Building A Stronger Approach To Market Investments
Author: Amass Capital

3. Smart Financial Guidance With Trusted Advisers In Auckland
Author: Right Choice Finance

4. Comprehensive Overview Of Reliable Unsecured Financing Alternatives
Author: anilsinhaanni

5. Pms Vs Direct Stock Investment: Which Is Better?
Author: Sofia

6. Personal Loan In Rajahmundry: A Practical Way To Meet Financial Goals
Author: Amit Sharma

7. Personal Loan In Hubli: A Smart Way To Manage Your Financial Requirements
Author: Amit Sharma

8. Unlocking Growth With Business Loans In Hyderabad
Author: anilsinhaanni

9. White Label Prediction Market: A Practical Guide For Businesses
Author: Anshul Saxena

10. Personal Loan In Vellore: Manage Your Financial Goals With Ease
Author: Amit Sharma

11. Mutual Funds For First-time Investors: A Step-by-step Guide
Author: Sagar Shah

12. Insurance Adviser Auckland For Smarter Financial Protection
Author: Right Choice Finance

13. Mca V3 Master Data: Complete Guide To Company Information, Verification, And Compliance
Author: MNS Group

14. Personal Loan In Erode – Quick Financial Support For Your Changing Needs
Author: Amit Sharma

15. Outsource Cfo Services In Bangalore: Strategic Financial Leadership For Growing Businesses
Author: yourCFO

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: