Home Science Your car insurance policy could be invalidated by making this common mistake

Your car insurance policy could be invalidated by making this common mistake

Your car insurance policy could be invalidated by making this common mistake 1

James Burton, product director of LexisNexis Risk Solutions, said: “Consumers understandably feel nervous declaring information that could result in premium increases.

“This is a real concern as any motorists could be invalidating their policy when instead they need to look at the bigger picture where factors such as the size of the claim, driving history, faulty and policy details more often determine premium increases after claims.”

Motorists are worried their honesty could affect their no claims bonus and super-low premiums costs.

However, some companies will not let this information affect their customers premium prices unless an official claim is made by an affected motorist.

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