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Motor insurance is not an option, it is a necessity and every responsible driver should have at least the basic insurance cover. It is a fact of life that many insurance companies make a financial loss on their motor cover policies and the cost of motor insurance is rising rapidly to offset that so the consumer, you and I, pay the increased insurance premiums year after year.
Heavy increases in the cost of motor insurance cover means that a substantial minority of drivers do not bother to insure their vehicles at all. Anyone who looks 17 years old or more can buy a “banger” with some road tax on it and drive away without being insured. There are few checks made in these situations and few people seem to care, that is until you have been involved in an accident with a driver who has no insurance as I was some years ago. Insurance companies pay into a fund to cover these eventualities but the resulting damages paid to the blameless party are far less than it would be if the other driver’s vehicle had been insured.
Uninsured drivers contribute significantly to the rising cost of motor insurance, young men with high powered cars, banned drivers, illegal immigrants who may even have come from countries where the requirement for motor insurance is not regarded as being important.
Our roads are busy, dangerous places so give yourself and your family the optimum protection by buying the best comprehensive motor insurance policy on the market. Please visit one of our sponsors for details.
It is important to understand how insurance companies evaluate risk in relation to motor insurance. There are a number of factors which affect the price you will be quoted, including:
Your age
Your occupation
What use you have for the vehicle
The area you live in
Your past driving record
Whether or not the vehicle is garaged overnight
Whether or not security devices are fitted to the vehicle
The cost of repair or replacement of the vehicle
The performance of the vehicle
The likelihood that it will be stolen
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