It has been announced that motorists could soon be faced with huge increases in the overall cost of their motor insurance and all because of the number of fraudulent personal injury claims made by no-win no-fee lawyers.
We are left wondering when the increase which has now reached nearly 40 per cent over the last 12 months is ever going to stop! However, young drivers are the ones who have been hit the hardest seeing the cost of their insurance increase by up to 51%.
On average, the premium in October reached a massive £791 which was huge increase compared to the average premium of £568 which was seen last year. The increase in claims has seen bodily injury claims increase at a rate of 30% if this continues then fears are that it would be unsustainable. With claim management firms going out of their way to seek out damage costs for personal injury, they are being held responsible for inflating cost of insurance for everyone.