The CMA said drivers should get better information about protecting no-claims bonuses
They could be hit with a cancellation fee nullifying any savings made and jeopardising no-claims bonuses
It could be some time before older drivers see much benefit, mainly because many still enjoy no-claims bonuses
collected over many years.
An online You Gov poll found that apart from the incremental price increases for a policy, 68% of motorists in an accident with an uninsured driver had to incur liability and either pay for the incident themselves (19%) or claim on their own insurance (49%), potentially jeopardising no-claims bonuses
Another advantage of signing up for this programme is the potential of lower motor insurance costs, as many insurance companies are prepared to offer IAM members lower premiums and higher no-claims bonuses
And, equally, motor insurance is a useful product, whatever its deductibles and no-claims bonuses
and other tricks of the trade.
Motorists spend pounds 336million a year on repairs rather than forfeit no-claims bonuses
According to official police performance figures, the chances of car criminals being caught is extremely remote and motorists who claim can expect to lose no-claims bonuses
worth hundreds of pounds and to pay a fair proportion of the claim themselves anyway.
Mr Mace said: "People don't realise that a few extra seconds spent securing their car can save them literally hundreds of pounds in lost no-claims bonuses
and excess payments, as well as a great deal of inconvenience.
British motorists face a pounds 336 million accident repair bill over the next 12 months simply to protect their no-claims bonuses
More than 50,000 of us a year are forced to claim on our own policy after a smash with an uninsured driver - losing no-claims bonuses
worth on average pounds 400.
That might not sit comfortably with people who do not have protected no-claims bonuses
but it is common among all forces.