Industry experts say that there’s no need to neglect taking out at least discount car insurance cover, as there are a myriad of reasons to take out or renew motor car insurance policies over and above the fact that the law makes it compulsory.
The high number of car insurance companies operating within the UK makes it easier than ever to find the right policy for your needs. The benefits accompanying car insurance cover include fixing driving costs by making sure your vehicle has protection in the event of an incident, providing protection to those victimised by dangerous driving by ensuring them compensation, and capping the costs, such as medical fees and lost earnings, of a car accident, all while preventing insured motorists from facing financial responsibility for careless motorists.
All of these benefits make it easier to manage the costs that accompany car accidents or thefts. Paying out of pocket due to a car accident can be ruinously expensive because you lack insurance cover, and driving about without paying insurance because you’re trying to save money can be the worst kind of false economy in the face of a car accident claim in the hundreds of thousands of pounds if you’re found responsible.
If you don’t have at least third party, fire, and theft cover on your car, you’re not only in violation of driving regulations but doing yourself (and anyone involved in an accident with you) a disservice. Industry experts say you should consider taking out comprehensive insurance, as this more complete cover can sometimes even be less expensive than third party cover.