The Best Car Finance Blog In The World

Over the years there have been many reports about claims management companies, otherwise known as ‘ambulance chasers’ allegedly paying off police, health staff and insurance staff for details of anyone involved in car accidents. They then contact the driver to see if he or his passengers suffered any personal injuries and offering to manage any claims, whether injuries were suffered or not.

Thinking of a change but unsure as to the best way to finance your car? Then you need a copy of my car finance book, Car Finance – A Simple Guide by Graham Hill. Click on the link below to buy the best car finance book on the market, available as a Kindle Book and Paper Back.

In extreme cases those involved in accidents have been ‘encouraged’ to make a personal injury claim after suggesting that a little bit of residual back pain could be whiplash. They also provide a management service including a hire car that is recharged to the insurance company.

You could often deal with these things much more efficiently yourself or via your broker than using the claims management company who have been known to recharge the insurance company with the cost of renting a BMW and providing a Citroen C1 (that’s nothing like a BMW).

The latest occurrence of this crime was a crooked staff member working for AVIVA Insurance who passed on details of accident claims to claims management companies. Drivers started getting calls from several claims management companies offering their services – free of charge following an accident.

They would say that they would look after the whole of the accident claim on your behalf. One gentleman had a simple bang into his neighbour’s car which was settled immediately, he then had up to 5 calls a day from accident management companies offering legal advice to cover his ‘injury claim’ when there clearly wasn’t one.

The AVIVA employee has been sacked and an investigation is being carried out by the police and AVIVA have confirmed that no personal or medical data has been passed on and apologised. Their advice, which is the same as mine if phoned, is simply say the claim has been settled and hang up.

They are charlatans trying to make a quick buck whilst increasing all our premiums. I’m sure, whilst greed exists, we haven’t heard the last of this type of crime. Just don’t get into a conversation whenever they call. By Graham Hill

Injury lawyers are facing a severe crackdown by the Government. When someone is involved in an accident they are bombarded with no win no fee lawyers encouraging victims to make injury claims. They obtain details from the driver’s own insurance company who in turn receive commission fees for referring the injured driver who is making a Read more »

I saw recently in Auto Express a report on the way insurance premiums are spent on claims. Whilst I talk regularly about insurance, and how to reduce premiums etc., I thought it made interesting reading and felt I should share it with you. The average premium has risen from £354 annually 15 years ago to £616 annually, even worse if you have loyally stuck with the same insurer which they suggest would now have Read more »

Whiplash claims are becoming a pain in the neck to all motorists not just those that suffer the injury. Car insurance has increased by 25% in the last year according to the latest Retail Price Index (RPI). Insurers have blamed the massive surge on whiplash injuries. According to a spokesman for esure/Sheila’s Wheels group it’s the desire to push up injury claims, often by people chatting in the pub, that has pushed up Read more »

A few months ago I announced proposed changes to insurance claims procedures that should speed up undisputed insurance claims. The good news is that the new rules come into effect from April 30^th. The new rules should speed up payout and reduce legal costs on personal injury claims between £1,000 and £10,000 resulting from a motor accident. This covers around 80% of all personal injury claims so good Read more »

New rules will be introduced next year to speed up insurance payouts following car accidents where liability is accepted. The Ministry of Justice said the agreement will streamline road traffic accident personal injury claims between £1,000 and £10,000 – around 80% of all motor personal injury claims. The new process comes into force in April 2010. It means, where fault is not disputed, Read more »

Anyone who has bought my book, An Insider Guide To Car Finance also received, free of charge my Hints, Tips and Safety book. In this free book I include loads of great advice, some of which explains the importance of having your headrest adjusted to the correct height in order to avoid whiplash. Clearly not enough people have read this advice as nearly 1,200 people claim every day for whiplash damage following Read more »