In my last post I highlighted the great work of Mark McCann 64 and his efforts in exposing what's really going on behind the scene of the car insurance market in the UK and why our premiums are increasing at a rate that most of us can barely understand. We have always been under the impression that driving safely, having no accidents, keeping the points off your license will improve our chances of reducing our insurance premiums year after year. Sadly, these days, that's now very rarely the case.
As per both the video's posted by Mark there is a wide range of factors which are going in to the increasing rates to insure out cars, a lot of which are totally out of our control. Does the average driver being penalised for someone else crashing or damaging a high-end electric car seem fair to you?
In his 2nd video Mr Mark McCann is making every effort to get this subject spoken about in the highest levels of government to see if something can be done to sort out the ever increasing costs of insuring a car on the public roads. An effort that deserves all our support. If we can get this behaviour looked at by the FCA or the Financial Ombudsman there is a very good chance that more regulation could be imposed and we would all get a fairer shout the next time we come to renewing our car insurance cover.
Again, a huge thanks to https://www.youtube.com/@MarkMcCann64 for all his hard work on highlighting the issues within the UK car insurance industry. These videos have really opened my eyes to what I originally thought.
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