Car Insurance In The UK Offers A Host of Products to Suit Your Needs

2007-03-08 10:33:40

( Automobiles )



Car insurance in the UK is a very competitive business. While there are a considerable number of direct insurers, insurance brokers, etc., there is only a fraction of the population looking for new car insurance at any point in time.

As a result, insurance providers are increasingly offering car insurance covers that can meet almost all the requirements of car owners. The basic car insurance in the UK is the “third party only”, which is a must for all car owners. UK law makes it illegal to drive a car without the “third party only” insurance cover on your car.

Under the “third-party only” insurance, insurers will pay out for liabilities to other people and other people’s properties. It does not include damage to you or your vehicle.

Insurers also offer the “third party fire and theft’ insurance that will compensate you in case your vehicle is stolen or destroyed in a fire.

The more expensive insurance cover is the comprehensive insurance policy. It is also called an “all risk” policy since it covers any damage to your car, including damages caused by other motorists when your car is parked.

Since comprehensive car insurance is expensive, make sure you eventually eliminate it as your car ages. Insurers will pay only up to your car’s book value; thus, it would be senseless to pay for an expensive insurance when your car is worth much less.

Auto insurers are also coming out with additional benefits. Note, though, that they also come with additional costs to you. There are the medical payments coverage, courtesy car benefit, and legal cover, to name a few.

Medical payments coverage is quite expensive, so if you already have a medical insurance coverage, there is really no need to get this rider.

But you may want to consider a courtesy car benefit, which can add on to the premium. This will ensure that you will be provided with a car while yours is being repaired or replaced. In a legal cover, insurance providers will give you legal assistance for cases involving your insured vehicles.

You can also get short-term (less than a month) car insurance in the UK. Short-term car insurance answers your temporary car insurance needs such as when a temporary additional driver needs to drive your car or when you need to drive an additional vehicle. You can get this insurance cover online.

Short-term car insurance includes a comprehensive car insurance cover and accepts most drivers. “No claims” discount is not available for short-term car insurance.

Some of the well-known insurance providers in the UK are Hartford Auto Insurance group, which includes the AARP Car Insurance; the Safe Auto Insurance, which is a direct-to-consumer auto insurance company, and the Erie Auto Insurance. They can provide quotes online, by telephone or from their agents. They also provide a comprehensive range of insurance products and services.


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