Most countries around the world require you to be insured in order to drive a vehicle whether that is a car, van, motorbike or lorry.
There are many different types of car insurance that you may not be aware of, albeit it may only be available in certain countries.
In the UK there is a highly developed and mature car insurance market and has similar rules and regulations to the United States and much of Europe.
The most common type of insurance is an annual car insurance policy that covers you to drive a specified car for a year.
There are some policies that you can take out over a longer period but generally in the UK your cover is renewed every year.
The cost of any particular policy is going to vary depending on a number of different factors.
The most influential of these are your age and driving history, the insurance group your car falls under and where you live.
Currently age is probably the most dominant factor.
To highlight this if we take two drivers, an 18 year old male and a 40 year old female.
If they both had exactly the same cars, live in the same street and all other factors were the same the younger driver would pay significantly more than the older more experienced driver.
To illustrate this a typical policy may cost this younger driver about 3000 UK sterling for a yearly policy.
Compare this to our 40 year old female driver who may only pay 300 UK pounds for the same equivalent level of coverage.
It is not unusual in the UK now for premiums to be as much as 10 times more expensive for younger or newly qualified drivers.
As you can imagine if you are faced with such a high level of premiums this can easily price you out of the market.
This is the situation currently facing young drivers today.
This is believed to be increasing the number of uninsured young drivers on the roads and causing an increase in the number of fraudulent details being provided in order to obtain a more affordable policy.
One alternative many motorists are not aware of is the temporary insurance policy, this allows drivers to get insured over a shorter period.
One particular type of policy actually allows you to build up your no claims much faster, in fact 4 months faster and essentially gets you a leg up to getting your annual car insurance policy.
There are many different types of car insurance that you may not be aware of, albeit it may only be available in certain countries.
In the UK there is a highly developed and mature car insurance market and has similar rules and regulations to the United States and much of Europe.
The most common type of insurance is an annual car insurance policy that covers you to drive a specified car for a year.
There are some policies that you can take out over a longer period but generally in the UK your cover is renewed every year.
The cost of any particular policy is going to vary depending on a number of different factors.
The most influential of these are your age and driving history, the insurance group your car falls under and where you live.
Currently age is probably the most dominant factor.
To highlight this if we take two drivers, an 18 year old male and a 40 year old female.
If they both had exactly the same cars, live in the same street and all other factors were the same the younger driver would pay significantly more than the older more experienced driver.
To illustrate this a typical policy may cost this younger driver about 3000 UK sterling for a yearly policy.
Compare this to our 40 year old female driver who may only pay 300 UK pounds for the same equivalent level of coverage.
It is not unusual in the UK now for premiums to be as much as 10 times more expensive for younger or newly qualified drivers.
As you can imagine if you are faced with such a high level of premiums this can easily price you out of the market.
This is the situation currently facing young drivers today.
This is believed to be increasing the number of uninsured young drivers on the roads and causing an increase in the number of fraudulent details being provided in order to obtain a more affordable policy.
One alternative many motorists are not aware of is the temporary insurance policy, this allows drivers to get insured over a shorter period.
One particular type of policy actually allows you to build up your no claims much faster, in fact 4 months faster and essentially gets you a leg up to getting your annual car insurance policy.
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