Drivers may soon have to list all of their car’s options on an insurance application and this could result in more expensive policies for some, Auto Express have reported.

Peter Shaw, CEO of the insurance industry body Thatcham Research, said: “We are working with car manufacturers and the Society of Motor Manufacturers and Traders over sharing of optional fitment data with the insurance industry.” He said that this would allow insurers to more accurately price premiums in the future.

According to Shaw, complex options like driver assistance systems which rely on radar sensors fitted around the car have, in part, caused repair costs to “rise by 32 per cent in the last three years”, yet insurers are currently left in the dark about which owners have such features. He added: “To underwrite accurately in the future, insurers need access to the data.”

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