What are the most important aspects of motor insurance in the UK?
Perhaps the most vital factor that should be established is that all motorists stay on the right side of law. To do this, any motorist using a vehicle in the UK is required to carry a minimum level of third party motor insurance. This provides cover for injuries sustained to other drivers and their vehicles but the policy won’t cover the policyholder.
What if I want coverage for myself and my own vehicle?
As long as it is cost-effective to do so, it is always advisable to purchase comprehensive motor insurance. Even so, some policies can vary greatly so it is important that all consumers read the terms and conditions of a policy carefully before committing to a purchase. There is nothing more frustrating than being involved in an accident, only to find that an insurance policy doesn’t offer a sufficient level of protection.
Isn’t comprehensive insurance expensive?
In terms of third party cover, comprehensive insurance will inevitably cost more. However, the differences in price are not always particularly excessive and you will often find a better policy is actually still affordable. Additionally, a more solid level of motor insurance brings total peace of mind and that’s a commodity that third party cover might not give you.
How can I further reduce the cost of motor insurance?
Surprisingly, there are a number of things you can do to help slash insurance costs. A safe driving history will see you qualify for an annual no-claims discount but other factors such as safe overnight parking, age and gender can also lead to further reductions in price.