Each driver knows that it is illegal to drive an uninsured auto. The UK drivers can choose between three basic types of vehicle insurance policy: Third Party Policy, Third Party, Fire and Theft, and Comprehensive Policy. To be legal on the road, it is necessary to have minimum third party policy.
This type of policy covers damage expenses caused to other people and their property. Drivers can also opt for third party, fire and theft policy, which covers liability damages and enables getting pecuniary compensation in case of car theft or if an auto loses its values through damages caused by the fire. Comprehensive policy is the most expensive, as offers the widest coverage protection. This type of coverage protects you from claims failed by third parties, as well as from damages an auto may get as a result of an accident.
Auto insurance policies offered by various providers have certain differences. In most cases, the insured objects remain the same, but the insurance details may differ. Before opting for any type of policy, it is necessary to carefully read it. This will help understand what risks are included and what are excluded. You may be offered the following optional extras:
• legal protection
• breakdown cover
• pay-as-you-go
• no-claims discount protection
Conventional vehicles are quite easy to insure. The price of auto insurance depends on the type of policy and on the type of car to insure. Auto insurance providers classify vehicles according to insurance purposes. Depending on the cars’ performance, repair and replacement costs, their actual cost, the likelihood they will be stolen and some other determining factors, cars are divided into certain groups. Before purchasing an auto, be sure to check which group your future car belongs to and how much it will cost you to have it insured. Some autos are quite expensive to insure. It is also necessary to remember that you will have to make special arrangements in case you need to insure:
• a vintage or collectible auto
• an auto with an expensive paint job
• a vehicle built from a kit
• a car, which has been modified or customized and the received result is approved by MOT
If you want to insure an imported auto, it is necessary to prove that a vehicle is suitable for British roads. In order to get such auto licenses and insured, it is required paying import duty and/or value-added tax, as well as provide receipts from Customs.
To find the right type of insurance, it is necessary to complete a decent research.
