Where many insurance companies shy away from higher risk drivers, Insure Your Motor sees an opportunity to use its experience in the insurance market to find cheaper quotes and win new customers’ loyalty.
“Since launching this service we've been able to find insurance policies for drivers with endorsements and convictions who might not have been able to get insurance elsewhere,” a spokesman from the company says. “Drivers in this position often despair at the high premiums they’re quoted for their car insurance. We’re confident that we can help them find premiums at a much more affordable price.”
Recent data from the government reveals that over 3 million UK drivers have a minimum of 3 points on their licences and over 600,000 drivers have at least 6 points on their licence (February 2013 data point).
Drivers are obliged to declare all endorsements to an insurance company when buying and renewing insurance. This data is now also freely available to insurance companies from the DVLA in a bid to reduce insurance fraud.
By encouraging high-risk motorists to find cheaper insurance, Insure Your Motor is hoping to reduce the numbers of drivers driving without insurance.
“Uninsured drivers put the premiums up for everyone else,” the company added. “If we can help high risk drivers find affordable insurance, we can cut that number.”
To find out more about Insure Your Motor, go to http://www.insureyourmotor.com