Motor claims increase by a fifth as Black Friday sales start
20 November 2017
- Day of bargains is the start of a peak motor claims season
- Yet incidents on Cyber Monday decreased by 12%
Co-op Insurance is urging motorists to be alert on the roads this Black Friday as its claims data reveals that motor incidents increased by almost a fifth (18%) on this day last year, in comparison to 2015 data.*
Whilst ‘Black Friday’, due to fall on 24th November this year offers bargains galore to consumers, last year it led to an increase in motor accidents, collisions and theft claims according to Co-op Insurance’s claims data.
Nick Ansley, Head of Motor Insurance said:
“Our claims data shows year on year that Black Friday’s sales do lead to greater traffic on UK roads and therefore more incidents.
“Whilst drivers should take care all year round, unfortunately we do see an increase of road incidents on this day specifically and so we’re urging drivers to take care when out on the roads.”
Furthermore, Co-op’s claims data highlights that Cyber Monday due to take place on 27th November is becoming a safer day to drive on the roads for motorists as consumers opt in to online sales.
The insurer found that the number of claims from on Cyber Monday in 2016 decreased by over a tenth (12%) when compared to 2015 claims data.
Notes to editors
*Co-op Insurance’s claims data analysed from 2011
Press and Media Relations Manager
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About Co-op Insurance:
Co-op Insurance is part of Co-op Group, one of the world’s largest consumer co-ops, owned by millions of members. Alongside Co-op Insurance, we have the UK’s fifth biggest food retailer, the UK’s number one funeral services provider, and a developing legal services business.
As well as having clear financial and operational objectives, the Group is a recognised leader for its social goals and community-led programmes.