The Ministry of Justice (MOJ) recently published the response to its whiplash claims consultation, which was launched to crack down on the soaring number of whiplash claims in the last decade. This increase in whiplash claims has pushed up insurance premiums for average road users, exacerbated by high numbers of fraudulent or exaggerated claims. Continue reading
WHIPLASH COMPENSATION CUTS COULD KNOCK £40 OFF CAR INSURANCE PREMIUMS
Over the past decade whiplash claims have risen by 50%, and cost insurers around £1 billion per year. Now millions of motorists could see their car insurance premiums reduced because of government plans to cut compensation for whiplash injuries.
Currently, the average pay-out for a whiplash claim – which is separate from medical bill or loss of earning pay-outs – is £1,850. The Ministry of Justice has suggested that the right to compensation for such claims could be scrapped completely, or capped at a maximum of £425. Continue reading