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Credit Hire Investigation

Fri, Sep, 2011

The Office of Fair Trading has issued a call for evidence to establish the background to recent reports of rising UK private motor insurance premiums, and consider whether further work may be necessary to improve the way the market works.

In particular the OFT is asking insurers and others for their views on a number of aspects of the private motor insurance market that may raise competition or consumer issues, including:

  • the role of price comparison sites
  • the provision of credit hire replacement vehicles to drivers who are involved in accidents that are not their fault
  • insurance companies' use of panels of approved repairers, and
  • ancillary products that are sold by insurance companies in addition to standard motor insurance cover.

If you have had an accident you should contact murnaghan fee first.

We will always act in your best interest and not on behalf of the organisations providing the credit hire. In most cases we will be able to arrange for the provision of a replacement vehicle without incurring the potential expense of credit hire