Car Insurance
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The legislation of car insurance in UK came in the year
1930. It was required as most of the people started using
motor vehicles for transportation. So in order to provide
security at least, to other people, third party insurance
was considered important.
A valid insurance document is one of the most important
things, which a person should have while driving. You
are not entitled to drive a vehicle unless you have this
document ni your possession.. Unlike the USA you do not
need to carry this document or your driving license with
you at all times. However if you still choose to drive
without being insured or knowing the car you are driving
is not insured for you in particular, you are committing
a criminal offence.
According to the Road Traffic Act there are many things
that should be taken into consideration while issuing
insurance policies. Some of these are the age, physical
or mental condition of the driver, condition of the car,
restriction of people to be carried. All these are considered
to set the appropriate premium to cover the innocent accident
victims.
You may drive a vehicle without receiving the actual certificate
but you should have a cover note to present to the police
if requested. If you do not issue this document when requested
at a police station the police will assume you are driving
without insurance. The actual document should have all
the details about the policy concerned such as name of
the policyholder, the registration mark of the vehicle,
date of cover commencement, the expiry date, limitations
of use and persons or person entitled to drive with.
Moreover the person driving the vehicle should always
remember the following seven tips:
• In UK more than two million people drive without
insurance. So, it is the first and foremost thing that
a driver should have. It can be anything - Third Party,
Third Party Fire and Theft or Fully Comprehensive Insurance.
• The golden rule to follow while purchasing a
policy is, to do a comparative study of the policies
that are available online. This will give you an understanding
as to which one should you buy.
• You should look for whether your policy is covered
with breakdown coverage or not. If not, then you should
go for it. There are various packages available from
as little as 22 pound per month.
• You should inform your insurer if you change
your address or if you are caught speeding and points
applied to your license or if you are caught driving
while using mobile phone.
Do not modify your car without talking to your insurer
because modification could increase your premium. Premium
is dependent on various factors. So it is advisable
to have an initial chat with your insurer.
• If you do not have a car but you been offered
to drive another person's car then also it is advisable
to purchase a policy because at the first year you earn
no bonus claim which in turn will reduce your second
year premium and the years to come.
• Inform your insurer if you are going to drive
outside UK. Drivers with UK driving license are allowed
to drive in Europe with minimum legal formalities. So,
you can take a green card from your insurer and carry
it with you while driving outside UK.
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