Motor Insurance in the UK for Absolute Beginners

Purchasing motor insurance for the first time can be a somewhat confusing experience. Consumers need to differentiate between simply opting for the cheapest level of coverage and actually purchasing the level of insurance they need. A thorough understanding of motor insurance within the UK can help weed out the good policies from the bad ones. Driving Requirements Before purchasing motor insurance, drivers must carry a valid UK driving license. If the license is provisional, the driver must be accompanied by a suitable experienced road user. Drivers who have only recently passed their test are required to display ‘P’ plates to…

Motor Insurance in the UK – The Definitive Checklist

There are a number of considerations that drivers in the United Kingdom must keep in mind before taking a vehicle on public highways. Although motor insurance is a compulsory factor, there are a number of other considerations that should be adhered to before a vehicle is used: Does the vehicle owner have a valid UK license? Irrespective of whether a license is issued in a full or provisional capacity, it must be in date and used within the terms and conditions of which it was granted. Importantly, provisional drivers should never operate a motor vehicle without being accompanied by an…

Gap Insurance and a Stolen Vehicle

Gap insurance may pay out when a vehicle is stolen, depending on the terms of the policy. If the policy language indicates that the policy will pay the actual cash value of the vehicle, the gap insurance coverage would make up the difference between the value of the vehicle and the amount owing on it. In order for the vehicle owner to get benefits under the policy, he or she would need to have comprehensive coverage in place. This type of insurance pays out if the car is stolen. It also covers an insured person for damage caused by striking…

Gap Insurance and Paying Cash for a Vehicle

Gap insurance is a type of coverage that pays the difference between the cash value of a vehicle and the amount owed on it. When a serious accident occurs and the car is totaled, the insurance company doesn’t write a check for the full replacement value of the vehicle. Instead, they make a payment based on the cash value of the vehicle (less the policy deductible). The deductible is the amount that an insurance customer agrees to pay themselves when they make a claim against the policy. It is possible for a person who has financed a vehicle to owe…

Motor Insurance Laws

When purchasing motor insurance in the UK, it is worthwhile considering the implications of having insufficient coverage if you are stopped by the police or involved in a road traffic accident. By keeping on the right side of the law, motorists will be able to avoid penalty points on their license, fines and the risk of imprisonment. First and foremost, a vehicle must be roadworthy before it is insured and it also has to carry a current MOT certificate. Without the valid paperwork, a motor insurance policy will be declared void if the vehicle is involved in any subsequent accident….

Making your Insurance Quote Easier

The difficulties that some UK residents face in taking out motor insurance can easily be alleviated by knowing what to expect when obtaining a quotation. Most major insurers will be looking for similar information from prospective customers so preparing yourself in advance of a policy application can save a great deal of lost time and inconvenience. Major insurers will require personal details regarding the driver so it is important to make sure that all information supplied is up-to-date and accurate. In addition, the insurer will need to know specific information regarding the vehicle being insured, especially if any modifications or…

Insurance for Motor Cars Quote

Motorists wishing to use their vehicles on UK roads should always be aware of insurance requirements so that they are driving legally. Additionally, it also helps to have a firm understanding of the way motor insurance works. This is particularly useful when the time comes to actually make a claim. Perhaps the most important consideration is to actually purchase the level of coverage you actually need. While many drivers tend to be blinded by the promise of cheaper policies, the more studious motorist will always be aware of the implications of being underinsured. It is much better to pay a…

Insurance Coverage Levels in the UK

It is a legal requirement to purchase motor insurance before using a vehicle on roads and highways within the United Kingdom. A minimum level of auto insurance is required to help cover bodily injury liability and property damage costs although there are higher levels of coverage available. Third Party Motor insurance Third party motor insurance is the absolute minimum level of motor insurance and is purchased to provide effective cover for any third parties injured in a road traffic accident where the policyholder is at fault. Additionally, third party motor insurance will also cover the cost of any subsequent repairs…