Hot Topics
- What if I am a mature driver?
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Drivers over the age of 50 tend to have less than average number of accidents and as such deserve a discount on their car insurance premiums. However not all insurance companies recognise this claiming behaviour and offer the over 50’s market a discounted premium.
- What is Third party fire and theft Motor insurance?
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Whilst technically your legal requirements for motor insurance are covered by a third party only policy they only protect the people with whom you share the roads, not yourself. The law requires that people who are involved in an accident that is not caused by themselves, be compensated. So, with third party insurance you may be protected against other people's claims against you, but not if you are responsible for the accident.
- How do I claim if the accident involves a third party?
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In insurance terminology, a third party is defined as anyone else involved in an accident who is not the policy holder. Under UK law you are required at all times to have a minimum of act only third party insurance, but in reality most insurers only offer full third party insurance. This insurance will ONLY protect any damage done to third parties involved in an accident, not to your own vehicle. There is also the question of personal compensation, usually this is also covered by a third party policy, if in doubt check your policy documents.
- As a result of the accident, my car has been damaged - can I go ahead and get it repaired?
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If you have taken out comprehensive car insurance cover and wish to claim under the policy, a specific claims procedure will be given to you when you contact the Claims Line to notify them of the accident. You should not repair your vehicle without the approval of your insurer.
- Excess
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What is an excess? An excess is the amount you have to pay if you make a claim on a car insurance policy.
What if I am a young driver?
In the UK, car insurance quotes are dependant upon several factors, these include age, gender and location. One of the overriding considerations is the age of the potential policy holder, the younger the driver the more expensive the policy in most circumstances.
Young drivers represent an above average risk to the insurer and the insurance company tries to make up for this by increasing the monthly premium to reduce their exposure to the risk.
If you are an young driver in the UK, you needn’t be disadvantaged, you may have to pay an increased premium but by shopping around between insurance providers you can significantly reduce your monthly premiums. Indeed, there are many car insurance companies in the uk that specialise in catering for young drivers. These companies provide policies that are designed specifically to suit those aged below 25 without crippling them financially. Some car insurance companies in the UK even specialise in young female driver alone.
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