2021 UK car insurance industry watch covers the most important news stories, trends, research, opinion and developments for 2021.
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Motor insurance pricing drops 5% in three months – Pearson Ham
‘Cashing in’ could be a potential strategy for insurers ahead of the FCA’s pricing remedies coming into force? Insurance Times
Source: Insurance Times, July 2021
Drivers who don’t wear a seatbelt may face penalty points and ban
Drivers face having penalty points added to their licence for failing to wear a seatbelt amid growing concern over the number of people who go without. Motorists could receive at least three points and a possible driving ban under reforms to stop them and their passengers flouting road safety laws. The penalty may apply even if the driver has a seat belt on but a passenger does not.
The change will be considered as part of a road safety plan to be published this year. At present drivers can be given only a £100 fine — rising to £500 in the courts — for the offence. Many can opt to take an online seatbelt awareness course instead, which costs £53.
Source: The Times, July 2021