Another September, another number plate switchover. The ’68’ registration will arrive on forecourts very soon, but what do certain plates say about you? Are you a show-off? Are you better off? Are you more likely to have your car stolen? According to MoneySupermarket, the latter holds true.
A survey of 2,000 people conducted by the price comparison website also reveals how many of us like a plate with a personal touch, and what we think of those who have personal plates.
Firstly, the thefts. The data shows that cars with personal plates on them are a whopping 50 percent more likely to be stolen. The logic follows that a car with an expensive personal plate on it can look like a double score to a passing thief. Other factors could be at play, too, though.
For instance, Londoners are most likely (46 percent) to have a personal plate, compared with the country as a whole, where 20 percent have personal plates. East London ranks seventh on the top 10 most targeted areas for car theft. A high-risk area with more cars that happen to have personal plates could be a factor.
MoneySupermarket found that personal plates are the most popular with younger drivers, with 25-34 year-olds and 18-24 year-olds taking the top demographic spots, at 36 and 24 percent respectively.
Mercedes-Benz was the most popular marque, accounting for 12 percent of all personal plates on the road. The survey concludes that so-called ‘vanity’ plates still have a negative image, with 32 percent dismissing owners as poseurs.
Can having a personal registration increase your insurance premium? If it legitimately increases the chances of car theft, we expect so. Regardless, your insurer needs to know.
“You need to ensure that your insurer is aware of your new plate details, so it can be reflected in your policy. Your cover could be invalidated otherwise” said Kevin Pratt, consumer affairs expert at MoneySupermarket.
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