Owners of 5-year-old cars 'most likely to claim insurance'

Tuesday, February 23rd 2010

Drivers who own cars that are five years old may have to put extra money aside after it was claimed that they are most likely to claim on their car insurance.

Virgin Money Car Insurance revealed that cars between three and six years old account for almost 40 per cent of all claims, even though there are less than one-quarter of them on the roads.

Some 9.6 per cent of this was among five-year-old cars, the statistics found.

Grant Bather, spokesman at the firm, said: "Drivers tend to change their car every three to five years and on this evidence they have some justification."

Second-hand car buyers must also ensure that their vehicles are in-line with certain standards, Mr Bather advised.

The least likely group to make a claim are those who own cars under one year old.

Yesterday (February 22nd) Sainsbury's Car Insurance revealed that many drivers are not paying attention to advice about how the weather can affect the roads.