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Uninsured driver claims starting to fall

For many years the problem of uninsured drivers in the UK has been a significant problem for the car insurance market. The Motor Insurers Bureau, which effectively looks after situations where uninsured drivers are involved in accidents, will this year take a £407 million levy from car insurance premiums, down from the £417 million figure last year. However, this is still a significant amount of money which is being funded by those insuring their cars in the correct manner.

At the same time it has been revealed that 185,000 cars and vans were seized on the roadside last year and over 300,000 drivers prosecuted for having no valid insurance. A new car insurance database now allows police officers to check whether a particular car is insured within a matter of minutes. This has played a major part in reducing the number of accidents involving uninsured drivers on UK roads. While car drivers in the UK have yet to see any significant financial benefit from this reduction in the compensation fund, there are hopes that some savings will be passed on if the trend continues.

How quickly these savings may be passed on, or even if they will be passed on at all, is something which will be answered in due course.

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