Types of Insurance

Car insurance is an insurance policy that provides cover against losses incurred as a result of collisions and accidents, and also any liability associated with them.

Since 1930, all drivers in the UK have been required to have at least “third party” insurance while on public highways. This does not apply however to private land. Third party insurance covers the vehicles of others involved should an accident occur but not the vehicle of the insured party. To cover their vehicle as well requires “Comprehensive” cover.

There are many factors affecting the cost of insurance based on various risk factors:

The type of vehicle: A large 4×4 or a powerful sports car are more likely to be involved in accidents.

Age: New drivers will have to pay higher premiums because they have less driving experience and are involved in more accidents than older, more experienced drivers.

Gender: Males generally drive more miles annually across all age groups and are therefore more likely be involved in accidents than females.

Marital Status: Married individuals pay less for car insurance.

Distance driven: Drivers who drive less miles annually can often receive massive discounts.

It’s therefore important to find the right insurance company for you.