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Policy cut could hit motor insurance costs!

Rebecca Kerr - 16th October 2017

 

Police cuts could hit motor insurance costs

http://www.smartdriverclub.co.uk

As new data shows the number of vehicles stolen has risen by nearly a third in the past three years[i], Smartdriverclub, the connected car and insurance service, is warning that even when the Police are told the exact location of a stolen car using telematics technology, it can take up to 24 hours for the vehicle to be recovered due to lack of resource within the UK’s Police Forces. This not only limits the chance of catching the offenders but may negatively impact premiums for motorists.

Penny Searles, CEO of Smartdriverclub says: “The number of vehicles on the road with tracking capabilities is growing exponentially as a by-product of telematics insurance and the growth of connected cars, eliminating much of the work required by the Police in locating stolen vehicles with this technology.  Yet, based on our experience, resource has become so scarce in some forces that there simply isn’t the manpower to recover the vehicle promptly.

“It is understandable that The Police often have much greater priorities than recovering stolen cars but we also know that many stolen vehicles are used in other acts of crime and are usually driven at speed and without care so it has to be in everyone’s interests to recover the car quickly.  But the Government seems so focused on driverless technology it is failing to see how the technology we already have available in cars can support the Police to make roads safer and tackle crime. It’s zero cost to the Police so it is utter madness that they don’t have the resource to act quickly when they are given the exact address to recover the vehicle.”

“The Government has challenged the insurance industry to use technology to de-risk driving and incentivise safer driving.  As an insurer who has more than met this challenge it is galling that Government cuts to the Police service are impacting the service I provide and hampering the Police’s ability to use the data. Connected technology in cars can cut accidents, support theft tracking and reduce insurance premiums and the Government should be doing more to ensure innocent motorists who choose to have this technology in their cars benefit.”

[i] https://www.rac.co.uk/drive/news/motoring-news/sharp-rise-in-car-theft-as-thieves-bypass-modern-security-systems/