Most insurers do not normally offer sleigh insurance but if Santa was trying to insure his mode of transport he would probably have trouble getting a quote.

Elephant.co.uk, the online car insurance specialist, says that his high mileage and tendency to hit the booze over the festive period would classify him a high risk.

Any premiums quoted would be sky-high.

Elephant estimate that to get around the planet in one night, Santa would have to average 2,700 mph - try to explain that one to the speed cops.

If caught travelling at that rate he would, in theory, be hit with a driving ban, causing untold misery to millions of children around the world.

Elephant managing director, Brian Martin, said: "Santa’s mileage is huge, as the crow flies it’s about 64,000 miles around the world, but one of our elephant.co.uk policyholders comes close driving a whopping 60,000 miles.

"Of course, he does this over a year not in one night like Santa."

He added that Santa had a "few hundred years" on their oldest policyholder who is 87 years old.

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