Car Race Systems

The Road Traffic Act of 1988 sets out the minimum level of insurance cover you must have before you are allowed to drive a car on the public highway. There are three levels of car insurance cover; comprehensive, ‘third party fire and theft’ and, the minimum level, ‘third party only’.

Fortunately, there are a great many companies offering car insurance in the United Kingdom. Some of these insurers act through insurance brokers, whose job is to offer advice about choosing car insurance that suits your individual situation. Of course, you can easily find your own car insurer by looking in the Yellow Pages or on the internet.

Car insurance premiums are based on the likelihood of the car driver making a claim, which means you will be asked to provide a good deal of information when applying. Amongst other items, you will need to give details about your car, what it will be used for, who will be driving it and whether they have any penalty points on their licence.

You will then be given a quote and, if you find it acceptable, you will receive the relevant documents, including the car insurance certificate, policy and schedule. When the documents arrive, it is very important that you check the details and, if there are mistakes, make sure they are corrected.

Your car insurance premiums will be reduced if you do not have to make a claim during the year. This could save you as much as 75 per cent on car insurance if you do not make a claim for several years. If you do make a claim you will lose your no-claims bonus, but it may be possible to protect it in return for an additional premium.

If you agree to contribute a given amount towards any claim you make, the cost of your car insurance premium will be reduced. This contribution is known as the ’policy excess’. The more excess you agree to pay, the less your car insurance premium will cost. If any of the named drivers have little experience of driving, the insurer will impose an excess on any claim made on their behalf.