Rail crash to up cost of car insurance
Motorists face an extra 50p on their insurance policies because of the Berkshire train disaster caused when Brian Drysdale, 48, drove his car on to the rail line, experts have warned.
The levy will be needed to meet the cost of what is expected to be one of the biggest motor insurance compensation payouts in history.
It is believed that Drysdale may not have had valid car insurance when he caused the crash. If this is confirmed, the claim will have to be met by the Motor Insurers’ Bureau.
This body is funded by a levy on all policyholders to meet the cost of accidents involving uninsured drivers - about one in 20 of the total.
Rail crash to up cost of car insurance
Recent Entries
- Metropolitan Launches Football Fans Insurance Cover
- IAG dreams of a partner in Asia
- Caught in the headlights
- All policyholders may foot bill for expected record insurance payout
- Steering clear of deer tough this time of year
- Car insurance deadline nears
- Will your car insurance pay damages for a deer collision?
- Car Insurance in Kingdom Grows 126% to SR610m
- Rail crash to up cost of car insurance
- USAA will reduce car insurance rates