car insurance drive you off the road Do not let myths
premiums for car insurance are rising at its fastest rate ever, according to the latest AA Insurance Index prices. The typical cost of a global premium car insurance, currently around £ 704, rose by a massive 30.9 per cent in the last 12 months.
It leads to more people than ever illegal to drive without insurance, risking having their vehicle seized by police and crushed or sold if not claimed within 14 days. uninsured drivers also face a £ 200 fixed penalty, six penalty points and £ 150 recovery charges cars. And only be able to get your car back if they can prove they have purchased a valid insurance.
With nearly 160 people die each year from uninsured drivers, the police are taking action. Using Automatic Number Plate Recognition (ANPR), which is linked to information on the database of car insurance (MID) – the central registry of 34 million insured vehicles in the United Kingdom – Police are able to detect and seize uninsured vehicles on the road.
In fact the police report that 180,000 vehicles were seized last year, bringing the total to over 600,000 since the laws were introduced in 2005. Even more good news is the fact that last year 194 000 people were sentenced in court for driving without insurance – is a conviction every three minutes.
But the insurance industry says some people can not get adequate coverage and that are placed out by some of insurance myths floating around. Some are ridiculous, while others sound plausible. Here we examine people have common misconceptions about auto insurance.
Red cars cost more to insure
Many people believe that insurance companies automatically associated with red young and aggressive driving, but there really is no truth in that. In fact, the AA says there is no statistical evidence to all that a red car will increase your insurance premium.
Insurers use a variety of factors to calculate the cost of coverage – such as the make and model of your car and your age and engine size, as well as taking into account your driving record and location. They do not take into account the color of the car.
I’ll be covered if my car is stolen or vandalized
You will be covered but only if you have a comprehensive insurance. Some third party fire and theft insurance does not provide an element of the roof of vehicles stolen or damage to a stolen vehicle was recovered later, but not all. You need to examine the policy small print to discover what level of coverage you have.
The police did not charge me so my no-claims is not affected
Sorry, this is not always true. Police could not have been called, or is not held criminally responsible for an accident, but his insurance company that has the final decision about whether your no-claims discount is affected or not. The accident will go on your permanent record and could become a factor in your score.
If I get a speeding fine will raise my insurance rates
Not necessarily. A lower first gear ticket may not affect your insurance rate. However, the speed at which they were traveling observed and – if excessive – could lead to higher premiums. A second or third ticket will suggest you a bit of a runner and premiums may begin to rise dramatically.
Anyone can drive my car, as they have global coverage
Not true. The insurance covers the driver, not the vehicle for anyone who drives the vehicle must have its own comprehensive insurance on their own behalf or be insured. Even then, only cover third-party basis so if something happens to your car while you are driving, will not be covered for damage.
My vehicle is worth what you paid for
If your vehicle is damaged beyond repair, vandalism or theft, your insurance will only pay what it costs to replace a similar model on the market today, not what you paid for it. No matter if you spent £ 10,000 for it, your insurance only pays for a replacement vehicle, not a new one.