Many drivers unaware of EU insurance coverage

Less than a third of drivers know whether their car insurance policy is valid in the EU, according to a new report.

And 42 per cent were unsure if they were covered for driving in other European countries, the M&S Money study found.

A fifth of drivers had European breakdown cover, which compares to four-fifths that had breakdown cover for driving in the UK.

Researchers for the supermarket said it was “staggering” to uncover the one-third of drivers who were under the impression they did not need to take their car insurance documents and driving licence away with them.

Steve Price, M&S Insurance Manager, commented: “It’s important to be aware of what’s required for driving in Europe Ö you can be fined for not having your driving licence and insurance documents with you.”

Meanwhile, the Debt Advisory Bureau said today that more transparency regarding credit card interest rates “would be of benefit to consumers”, following an announcement that the OFT is to investigate the industry.

© Adfero Ltd

Leave a Reply

Your email address will not be published. Required fields are marked *