Virgin insurance: 5-year-old cars most likely claims

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Virgin insurance: 5-year-old cars most likely claims

Mon 22nd Feb 2010

Virgin Money Car Insurance has stated that cars aged five years receive the most number of claims on insurance.

Vehicles which have been on the road for five years are the most likely to be involved in a claim, with cars of this age accounting for 9.6 per cent of the claims on the company's database.

Cars aged between three and six years old make up over 37 per cent of the insurance claims Virgin receives, despite only representing 24 per cent of the motors currently in use.

Grant Bather, spokesman at Virgin Money Car Insurance, said: "This is not to say that cars five years old are the most dangerous, but that they are more likely to be involved in an incident that leads to a claim being made."

He added that the statistics suggest that people purchasing a second hand car should take necessary action to ensure the vehicle is road worthy.

It has also been a difficult start to the year for some homeowners, with some insurance holders claiming £3,000 for burst pipes.

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