Research shows that half of young drivers (ages 17-25) have purchased car insurance through social media or messaging apps, but many of these policies are bogus, meaning they are invalid and driving without insurance is a criminal offense in the UK. To protect yourself, always verify any insurance company using the FCA Firm Checker tool, be wary of deals that seem too good to be true, and avoid purchasing car insurance policies through social media platforms or messaging apps.
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Deep Dive
You could be breaking the law without realising itAdded:
You could be about to get a criminal conviction without even realizing it.
The latest research from the finance industry regulator has shown that half of young drivers age between 17 and 25 have bought a car insurance policy via social media or a messaging app. Problem is that many of these policies are bogus, which means they are driving without insurance, which in the UK is a criminal offense. As a money expert with all of these qualifications, I'm going to tell you the four things you need to do to stay safe. Firstly, if you do see a firm that's advertising, then check they are legitimate by using the FCA Firm Checker tool, which I'll put a link to in my bio. Secondly, if a deal seems too good to be true, it probably is.
Thirdly, don't buy car insurance policies through social media platforms or messaging apps. And finally, share this video with your friends. So, be careful because otherwise,
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