Motor insurance market still reflects 1971 crash

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The Independent Online
THE CRASH of the Vehicle & General motor insurance group is still disturbing the insurance market 22 years after the event, according to the direct insur

ers Churchill Insurance, writes Peter Rodgers.

February and March are he two most active months in the car insurance market, because after V&G went into liquidation on 27 February 1971, a million motorists were forced to find replacement cover fast.

Some have since died, others may have had breaks from car ownership, gone abroad for a while or taken company cars, disrupting their renewal timetable.

But a significant number of former V&G customers continue to be faced about this time of year with a decision on whether to look for new cover or continue with their old.

Martin Long, chief executive of Churchill, urges motorists looking at renewal to 'pick up the phone and shop around'.