Young drivers targeted by 'ghost brokers' selling fake car insurance online
Summary
Young drivers in the UK are being tricked by "ghost brokers" who sell fake car insurance online, often through social media or messaging apps. Many of these fake policies are cheaply priced but invalid, and drivers using them risk fines, prosecution, or having their cars taken away.Key Facts
- Half of drivers aged 16-25 have bought car insurance through social media or messaging apps.
- Many of these insurance policies are fake or invalid.
- Driving without valid insurance is illegal in the UK.
- Fake policies often cost much less than genuine ones, attracting young drivers on tight budgets.
- Victims may face criminal prosecution, fines, or car seizure.
- Legitimate insurance brokers have websites, phone numbers, and addresses and are listed on the FCA Firm Checker.
- The Financial Conduct Authority (FCA) works with social media influencers to warn young drivers about ghost brokers.
- Insurance companies and fraud bureaus have reported a rise in ghost broking cases.
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