Private Plate? Make Sure You’re Covered…

As we see the launch of this year’s ’70 plates hitting the road from the start of September, we have a lot of questions here at Cheap Car Insurance. Have car dealers managed to shift any of the spring plate cars yet? Is it too soon, and they should have considered not putting out the 70 plates this year? Is anyone at all in the market for a new car, given the challenging economic times we are living in?

But, if you have decided to treat yourself to a new car this autumn, there is, of course, a loophole waiting to bite you in the bum, if you’re not careful. You may think that you want your shiny new motor to rock a private plate. Something that says something about who you are. That gives you that little nudge so your new car has that extra je ne sais quoi that a regular 70 plate just doesn’t have.

Well, good for you, if that’s your kind of thing. But, as with so many things, it pays to take a pause and make sure you know if having a private plate on your shiny new can could impact your car insurance.

You wouldn’t think a different registration plate would make the slightest bit of difference, would you? And, while a private plate may not directly affect your car insurance cover, it may have an impact you haven’t considered. That it may flag you up as a prime target for car and vehicle crime. 

Private car registration plates are becoming increasingly popular. Last year, over 404.00 personal plates were sold by DVLA. There are even magazines that you can buy, dedicated to the latest and greatest personalised car registration plates.

But, only a shockingly small (less than 10%) of car insurance policies actually cover the cost of a private plate on the road. While having a private plate shouldn’t lead to a higher insurance premium, it could attract vandals and thieves in a way that a regular plate won’t.

And, should the worst happen and your car (and plate) are stolen, you could be waiting up to 12 months to have your private car registration returned to you. Should your car be written off, you could also risk losing your plate in the crusher, never to be seen again. 

So, what to do? Well, if you are planning on having a private plate, make sure you have car insurance cover that will pay out the cost of the plate, should the worst happen. If the car is a write-off, by default, the car becomes the property of the insurer, including the plate, which may force you to have to buy back the plate from the insurer. 

Which all comes back to our mantra here at Cheap Car Insurance. Be sure to be honest when applying for your car insurance policy. Declare anything additional that may not fall within standard cover, and make sure you understand what will happen, should the worst happen and you need to make an insurance claim. 

Meanwhile, we’ll just be slightly envious that you can not only afford a new car, but a private plate too! Enjoy! 

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