Why do I need it?
Car insurance is a legal requirement for drivers. It provides financial protection if your vehicle is involved in an accident and is damaged, the degree of protection is dependent on the type of cover you have.
Driving without car insurance is illegal.
Car insurance covers your expense in the event of vehicle damage or injuries to other drivers, passengers or pedestrians. Please note: All motorists must be insured against their liability to other people, as stipulated in the Road Traffic Act 1988.
Insurance can also provide financial support if your car is stolen, vandalised or destroyed by fire.
Third party only (TPO)
This is the bare minimum required by law. It covers injuries to other people and damage to others property (or an animal), but you won’t be covered for damage on your own vehicle, meaning that if your car is damaged in an accident you may have to pay for it to be repaired or replaced.
Third party, fire and theft (TPFT)
This covers injuries to other people and damage to others property as well as the cover of repairs or a replacement vehicle if your car is stolen or damaged by fire. If your car is damaged as a result of your driving, or if you’re injured you will need to cover the repair on your car, and for your medical expenses should you require any.
This is the highest level of cover you can get. It protects against damage to your own car as well as accidents involving passengers or other people. It can also include a courtesy car and legal expenses insurance, or windscreen repair (sometimes is an additional cost).
Regardless of your policy, always read the small print otherwise you may find yourself in a sticky situation!
What is a black box?
A black box essentially gets fitted to your car by your insurer, a local centre or they may just send it to you to fit yourself, which means they can monitor how you drive. The black boxes can monitor a multitude of things; the speed at which you drive, if you go around corners quickly or what time of day you tend to drive, for example. Some insurance companies will limit mileage or the hours of driving you can do but mostly they’re watching your speed, you’re your breaking ability to see how well in control you are of the car.
They don’t interfere with the driving of the car they just report good and bad road behavior. This is also a technique that is being sold to older drivers now too, as a way of protecting the better drivers from the few reckless drivers that habitually cause accidents, and drive up the premiums for everyone else.