Young drivers hit by insurance scam

DRIVERS desperate to slash their insurance premiums are being duped by ‘ghost brokers’ into buying fake policies.

Police are today issuing a fresh warning about the scams, which they fear have resulted in thousands of motorists driving without valid insurance.

Fraudsters are targeting younger drivers, particularly men, who have been hit by spiralling premiums in recent years.

Adverts for cut-price insurance appear on social media sites as well as student websites or money-saving forums. They are also popping up in pubs and garages, offering insurance for as little as £100 a year.

The average premium for a man aged 17 to 22 is £1,650, according to the AA, and £1,371 for a young woman. Victims are being conned out of £769 on average.

As they are driving illegally, they may incur a fine and six points on their driving license.

Detective Chief Inspector Andy Fyfe said: ‘Ghost brokers leave victims with policies that are worthless and open to the severe harm that comes with driving without valid insurance.’

Ben Fletcher, director of the Insurance Fraud Bureau, said: ‘It is essential we raise awareness about the issue of ghost broking to stop innocent victims being targeted and to educate those buying insurance.’