Each year people who think that they are fully insured discover that they have an invalid policy. There are a number of steps which you can take to ensure that your insurance remains valid.
It is always best to be realistic about the amount of miles that you are going to drive in the average year. An insurance policy will stipulate how many miles you are covered for. It is necessary to tell the insurer if you go over this set amount if you want your insurance to remain valid.
It is also a requirement that you inform your chosen insurer of any changes of address or occupation. Otherwise you may find yourself driving without insurance.
It is important to make sure that your vehicle has a valid MOT. Without one your car insurance will become invalid. It is a legal requirement that a vehicle has an MOT. The only times when you can drive without an one are when your driving your car to have its test or to obtain the necessary parts should it fail.
Drivers should never deliberately deceive an insurance company in an attempt to obtain a cheaper policy. All of the details on your insurance documents need to be 100% accurate. This means telling the insurer the exact location that your vehicle is being kept in. Do not try and fool your insurer into believing that your car is safer than it actually is.
One final piece of advice is to inform the insurance company of any modifications that have been made to a vehicle. It might be tempting not to tell them that you have added a new trim or exhaust to your motor as this can substantially raise the costs of insurance. However it’s much better to pay the costs of insurance premiums than to face the costs of having an accident, should you not have insurance.
Five percent of all drivers in Britain run the risk of driving without insurance. They incur a total of £500 million in accidents each year. They also add anywhere between £30 and £60 on to the cost of insurance for motorists.
According to research, uninsured drivers are also at greater risk of being in accidents. There is a chance that they may also be involved in other criminal activity. To avoid falling into this category it is necessary to fill out your insurance documents accurately and to tell the insurer if your circumstances change.
The potential costs of driving without insurance are substantial. The maximum fine currently stands at £5,000. Uninsured drivers may also have their licenses confiscated and face 6 to 8 penalty points. Nearly 3,000 drivers are convicted of the offence each year.
There are a variety of ways in which you can cut the costs of motor insurance. You may be surprised by how much money you can save.
Drivers who park their cars in garages or driveways are thought to be at less risk of potential damages than those who do not. By parking in more secure areas drivers can cut their insurance costs by anywhere between 3% and 7%.
It may also be worth considering your options before rushing off to purchase a new car. While you may want to splash the cash on a trendy vehicle, the insurance premiums that you will incur may mean that this isn’t a viable option. You should consider the engine type of any potential purchase.
If you want to reduce your motor insurance costs you should also avoid the temptation of making modifications to your vehicle. Adding additional features, apart from those designed to make your car safer, can result in a more expensive premium.
You may also like to consider reducing the amount that you use your vehicle. Short trips can often be made by foot. Reduced mileage will mean reduced motor insurance expenses.