Up to 350k uninsured drivers in the last 12 months

This category of driver is more likely to be involved in hit and run accidents than normal law abiding motorists. According to MoneyExpert.com young people aged between 18 and 24 are the worst category for this accounting for some 120,000 of cases. Third party is the legal minimum required which will cover personal liability and medical costs along with the other parties vehicle repair costs if the driver is involved in a road accident to which the blame is attributed to them.

The Motor Insurers' Bureau (MIB) estimate that uninsured drivers increase annual premiums for those that do pay theirs by around £30 each, with the cost of claims being around £500 million annually. 46% of uninsured drivers said that their insurance had lapsed due to an oversight. 11% said they could not afford insurance with the same percentage claiming that it was a one off driving someone else’s car in an emergency. Some 13% said they had deliberately not insured themselves and 5% would not disclose the reason.