Insurance could cost less in 2015

Kate McCann
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A NEW online system of DVLA records could see insurance premiums fall by around £15 per year, the industry is predicting.

By mid-2015 all driving records will be held online and anyone will be able to access them. Currently motorists must submit their paper counter-part licence which holds details of speeding points and motoring offences. The Association of British Insurers (ABI) said its members will be able to reduce costs as they will no longer need to account for the risk of drivers who do not own up to speeding points in order to get cheaper quotes.

The move to online will also reduce paperwork, the ABI added.