Compare the Market cheap car insurance may cover your expenses if your vehicle is damaged in an accident, stolen, vandalized, or catches fire. You must have it if you drive or park your vehicle on a public road.
The minimum level of car insurance required by law is third-party insurance, which may cover you if you injure or damage someone else’s car, but your level of coverage and what you are covered for depends on the policy you choose.
The cost of auto insurance reflects the risk that the insurance company faces. It considers the value of your car, the cost of replacing or repairing it, the likelihood of theft, whether you drive responsibly, how many miles you drive, and so on.
Compare the Market Cheap Car Insurance: Do i need car insurance?
If you own or drive a car, you must have car insurance unless you officially declare it off the road with a SORN (Statutory Off Road Notification).
If you are caught driving without car insurance, you can be fined up to £300 and given six penalty points. If you end up in court, you could face an unlimited fine and be barred from driving.
Compare the Market Cheap Car Insurance provides coverage for drivers of all ages and types, including:
- Young drivers: for drivers aged 17-24
- New drivers: for when you’re starting out on the road
- Learner drivers: if you’re driving on a provisional licence
- Over 50s: for experienced drivers.
Compare the Market Cheap Car Insurance: Types
There are various type of insurance you may need depends on the level of cover you want. There are three levels of cover.
- Fully comprehensive
Fully comprehensive car insurance provides the best protection for drivers. It provides the similar coverage as a third-party fire and theft policy, but it may also protect you as a driver and pay out for vehicle damage. Compensation for medical treatment, legal fees, and accidental damage may also be included.
- Third-party, fire and theft
Third-party, fire, and theft insurance covers everything that third-party insurance does and may pay out if your car is stolen or damaged by fire. While it protects you against the cost of third-party damage or injury, it does not cover the cost of damage to your own car in an accident.
Third-party insurance only covers you for bodily harm or property damage you cause to others. This is the bare minimum of coverage required to legally drive on UK roads. Third-party insurance only covers the cost of compensating others for injuries or damage caused by you. It does not provide financial assistance for personal injury or vehicle repairs.
Compare the Market Cheap Car Insurance: What affects the price of car insurance?
Factors that impact car insurance include:
- Insurance group
- How much you drive
- Your job
- Where you live
- Your age
- Your driving experience
- Any criminal convictions
- Any claims
- Additional drivers
Compare The Market Cheap Car Insurance: How to get cheaper car insurance?
There’s plenty of things you could do to help you save money on your car insurance policy:
- Choose your car wisely
- Build up a no-claims discount
- Increase your voluntary excess
- Consider telematics
- Pay annually
- Don’t auto-renew
You might believe that getting the cheapest level of coverage will get you the best deal, but this is not always the case. That is why it is critical to compare quotes for different levels of cover in order to get the best value car insurance from Compare the Market Cheap Car Insurance.