Home > Car Insurance News > Fraudulent motor insurance claims have soared by more than 70%

Fraudulent motor insurance claims have soared by more than 70%

by Melanie on July 16, 2008

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Fraudulent motor insurance claims have soared by more than 70 per cent in the past four years, making the car the No 1 insurance fraud target.

Insurance companies and fraud experts say that the credit crunch has forced families struggling to meet their hire purchase payments to take desperate measures.

Motor insurance scams add about $60 a year to the premiums of law-abiding drivers.

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