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Motor Insurance FAQ

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Do I need car insurance in UK?

Yes! In UK Motor insurance or car insurance is a legal requirement. Well, if you are driving on the road in the midst of heavy traffic over 100 mph, the chances of something going wrong are very high. Accidents while driving are not uncommon and there is every chance that you might get in to one with no fault of yours. To protect you financially from any accident or incident, car insurance or motor insurance is a must.

What are car insurance companies?

Car insurance company is the actual organization that you have taken out a policy with. It is the organization that will pay you on the settlement of your claim. The Financial Services Authority (FSA) in UK looks after the regulation of insurance companies.

Is there any advantage of buying car insurance online?

There are definite advantages of shopping around for UK car insurance and buying UK motor insurance online. Firstly, you have the option of comparing quotes from dozens of insurance providers. You don’t have to deal with eager insurance salespersons who try to sell you the policies aggressively. You also get the insurance at a much cheaper rate when you buy it online as the insurance company saves a lot of money on the staff, infrastructure, etc.

What is a car insurance group?

Although not bound to, UK car insurance companies do consider the car insurance group classification while giving you an insurance quote. The you car insurance group will depend upon the make of your car, the model, the body style, the engine, fuel type, security, production run, gearbox, type of brakes etc. The UK car insurance group, given by the Association of British Insurers (ABI), runs from 1 to 20. The high performance sports cars are given insurance group 20 while cars like the Fiat Panda are given 1.

Do women drivers get charges less for insurance?

Yes, in most of the cases. This is mainly due to an analysis of claims records that men usually incur higher damages in an accident than women. Therefore women have to pay less for the same insurance than compared to men.

Is the cheapest insurance the best insurance?

Not always. Look for the things covered in your insurance policy. Look for hidden charges that might creep up later. Make sure that you go through the fine print before you buy the apparently cheapest motor insurance.