A major insurer has claimed that £1.5bn could be saved from insurance premiums each year if personal injury lawyers were to be bypassed following road accident claims.
A study by Aviva, the UK’s largest insurer, found that each motorist could save around £60 on their car insurance premiums if they were to go directly to the insurance company of the blameworthy driver rather than their lawyer to handle their claim. Soon after the study’s report was published, the Law Society responded by denouncing the claims as ridiculous.
The report was released as part of the government’s talks over increasing the small claims limits, a proposal which is popular with insurers but unpopular with personal injury solicitors who feel it will prevent access to justice for many motorists. Aviva claims that the high cost involved in the claims process have forced insurance companies to significantly raise premiums over the last 5 years meaning that an increase in the small claims limit is crucial.
Justice Secretary Chris Grayling has already entertained a £4,000 hike in the small claims limit from £1,000 and has announced that further increases may be supported. This is in addition to plans to ban referral fees, a practice which Aviva has itself admitted to engaging in recently.
Aviva’s report reflects a blatant attempt from an insurance company to maximise their profit and minimise what they pay to crash victims. ‘Sound business’ you one may say but lacking in moral fibre nonetheless. How approaching the insurance company of the driver who has injured you is supposed to save you money, we will never know. What you need following a road traffic accident is independent legal advice and it is frankly irresponsible to suggest otherwise.
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