Driving without a licence is illegal. You may already know that – and let’s face it most of us would never dream of getting behind the wheel without insurance – but the simple fact is that there are still uninsured drivers on the road today.
Estimates show that uninsured drivers are three times more likely to be convicted of driving without due care and attention, and potentially up to ten times more likely to drink and drive.
According to statistics people without insurance are also more likely to cause an accident. So it’s not surprising that one in ten drivers has had an accident with an uninsured motorist.
What can you do? MoneyExpert.com explains…
Information is King
If you have an accident there’s a good chance you won’t know that the other motorist is uninsured, so collect the same information as normal.
That means car registration, model and make; damage to the vehicle; name of driver; an address if possible. And if you can, make a record of what the other driver actually says. This can help you reclaim cash if they’re uninsured.
The best way to protect yourself against uninsured drivers it to have comprehensive car insurance. This means your insurer pays for damage to your car. There’s always the issue of excess payments but on the whole you will be well covered against major problems caused by someone without insurance. It’ll be up to them to fix their own car at their own cost.
If however you went for the cheaper, fat-free option of Third Party, Fire & Theft insurance, you could be up against it. Third party cover is exactly that – a legal requirement to ensure if you crash the other parties are covered for repairs and injury.
That means repairs for your own vehicle are down to you. And if the other person involved in the collision isn’t insured at all, it’s unlikely you’ll be able to get money from them without resorting to court action.
Car insurance premiums are on the rise, so the prospect of paying even more for a comprehensive policy may be off-putting. But on the other hand you might agree that it’s a false economy not to fork out now if there’s a one in ten chance that if you have a crash it’ll be with someone who is uninsured.
Whatever your decision, you’ll need to research the insurance market to ensure you find the right policy for you. Comparing the market online is a good way to find the best value product – click here to compare insurance premiums.