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The Importance Of Having The Correct Cover

The results of a poll carried out by GEM motoring assist released today shockingly reveal that one in three UK drivers knows somebody that has either driven, is currently driving or has considered driving without insurance.

It appears that the recession may be to blame with an increasing number of motorists cutting corners to try and save money. These cost cutting exercises unfortunately expose other motorists, as well as themselves to huge risks.

The cost of not insuring a vehicle is usually far more than the insurance itself once discovered. Those driving without insurance face large fines of up to £5,000 should they be caught, as well as between 6 and 8 points on their licence, having their licence revoked or even having their vehicle confiscated and crushed.

New laws which came into place earlier this year enable the DVLA to check and compare its database with motor insurers databases to find uninsured vehicles. Even those not in use which have not been declared as SORN need to be insured. The DVLA inform drivers of their findings and if the insurance is not renewed the vehicle will be confiscated.

David Williams, CEO of GEM Motoring Assist comments, “It is imperative that drivers understand the importance of always having motor insurance and always at the correct level. The truth is that if you find yourself in an accident without insurance you will end up forking out a whole lot more money, not forgetting the penalties if you are caught driving your vehicle without insurance.”

David continues, “Despite many motorists being aware of these consequences, it is shocking that so many drivers know friends or family who have driven without insurance or who have even considered doing so. Plus, if motorists take the risk of driving without insurance it is also likely that they have failed to tax or MOT their cars or indeed even gained a valid driving licence.”

Car insurance can be confusing especially with the new laws brought in earlier this year, not all motorists are intentionally breaking the law, many have taken the wrong level of cover unknowingly. GEM have consolidated the top insurance myths which are as follows:

Top Insurance Misconceptions:

Myth: You’re automatically insured to drive other cars if you have a comprehensive policy.

Truth: This is not always the case, as it can depend on your age or occupation. It is always best to check your policy beforehand.

Myth: You’re fully covered with a comprehensive policy if you have an accident whilst driving another person’s car.

Truth: A comprehensive policy will often only cover the damage to the car or object you hit, not the damage to the car you are driving.  Always check the level of insurance your policy provides.

Myth: Third-party cover is cheaper than comprehensive.

Truth: Not true. Some insurers have raised rates for third-party because of the number of high-risk drivers who apply.

Myth: Non-fault claims won’t affect your insurance premium.

Truth: Even if you didn’t cause the accident, your premium can still rise.

Myth: You don’t need to inform your insurance company if you have less than six points on your licence.

Truth: All points have to be declared, even for previous offences, regardless of how long ago.

Myth: You’re always guaranteed a courtesy car if you have an accident

Truth: Not true. These are normally subject to availability, and in most cases only offered if your car is repairable and taken to the insurer’s approved repairer.

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