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19/01/2011
More than 50% of people think that insurance 'fronting' is an acceptable practice, new research from an industry body could suggest.
Commissioned by the Association of British Insurers (ABI), the poll of 2,600 adults found that 53% believed that fronting - where a lower-risk, usually older driver, insures a vehicle in their own name, despite the main driver being a higher-risk driver - is "acceptable or borderline behaviour".
Naming a less experienced, or higher-risk person on a policy is legitimate practice if they are not the main driver. However, fronting is typically done by parents, who help their children to obtain cheaper insurance - in the knowledge that the younger driver will be the primary user of the vehicle.
In addition, one in five of those polled said they would not rule out exaggerating the period since they last claimed, while 12% would consider not disclosing relevant motoring convictions, and one in ten would contemplate changing details such as age or occupation.
The ABI is warning that such drivers are putting their cover at risk, and could be driving illegally, as they have deceived their insurance company by knowingly giving false information, or withholding important details.
Research in 2009 suggested that the average age of children named on their parents' insurance had risen to 31.
Nick Starling, the ABI's director of general insurance and health, said: "Trying to deceive your insurer is a false economy that will cost you dear.
"Of course everyone wants to get the best motor insurance deal, but being less than truthful is not the way to do it.
"Not being honest with your insurer could lead not only to you driving illegally, but to financially crippling bills if involved in an accident, harder to obtain and more expensive future insurance, and difficulties in accessing other financial products."
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