00:00Young drivers are being warned about ghost brokers selling fake car insurance through
00:05social media and messaging apps. The Financial Conduct Authority says many motorists searching
00:11for cheap cover are being targeted with policies that are false, cancelled quickly,
00:17or changed using false information. Some victims only discover they are not insured after being
00:23stopped by police, facing fines, penalty points, seized vehicles or criminal convictions.
00:29Regulators say rising insurance costs are making suspiciously cheap deals
00:33more attractive for learners and newly qualified drivers.
00:37The FCA is urging people to check brokers carefully before paying,
00:41including using its online Firm Checker service.
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