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Tue, 19 May 2026

Tue, 19 May 2026 Young drivers targeted by 'ghost brokers' selling fake car insurance online

The finance watchdog warns bogus brokers are selling fake car insurance through social media.

* Half of young drivers (16-25) have bought car insurance policies through social media or messaging apps, many of which are fake.
* These "ghost brokers" sell suspiciously cheap policies that can leave victims driving without valid insurance, risking prosecution, fines, and having their car seized.
* The FCA warns that driving without valid insurance is a criminal offense in the UK.
* Many victims have been targeted by scammers posing as legitimate insurance sellers, offering cheap rates for fake or invalid policies.
* Research from the Financial Conduct Authority (FCA) found that many "policies" are cancelled soon after purchase and some are completely bogus.
* The FCA is working with social media influencers to warn young drivers about the growing threat of ghost broking and has launched a specialist team to hunt down scammers online.