MOTOR experts have debunked seven common car insurance myths.
Finding the right car insurance policy can be difficult, especially when drivers are conscious about saving money.
Handily, car experts at You Red Car have addressed some commonly asked questions about what you can and can’t do when looking for car insurance.
Drivers may often presume they are insured to drive any car, but this isn’t necessarily true, Lancashire Live reports.
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If you are “fully comprehensive” on your own vehicle, this doesn’t mean you are insured to drive other vehicles alike.
While some policies may offer this, it’s not all.
Drivers should read the small print to find out if they have a DOC cover (drive other cars).
Sometimes, under 25s aren’t covered to drive another driver’s car.
Another myth is that third-party cover is always cheaper than comprehensive.
But third-party cover is the minimum level of cover required by law.
This will cover damage to another person’s car along with compensation for anyone injured, but not for yourself or your own vehicle if the accident is your fault.
It may seem logical that the minimum level of coverage will come at a minimum cost, but this isn’t always the case.
It’s important to do as much as much research as possible to find the best price for the best level of coverage.
It’s worth knowing that putting insurance in someone else’s name, even if it’s a parent, is known as fronting and can result in your policy being invalid.
It’s illegal and drivers could end up being fined up to £5,000 if taken to court.
And a safe space to park your car may seem like it would reduce your insurance policy, but again, this is not always the case.
In the eyes of the insurer, this could be deemed riskier than the driveway.
Manoeuvring in and out of a garage potentially increases the chance of bumping your vehicle.
And insurance for young and first-time drivers can be too expensive – but the cost doesn’t drop down entirely age 25.
Insurance is circumstantial so it will always depend on the situation the individual is in at the time.
Lastly, drivers tend to think that they wouldn’t have to pay an excess if the accident wasn’t their fault.
Unfortunately, if your car is hit by an uninsured driver or falls victim to a hit-and-run accident, you will still have to pay the excess.
This also applies if you find your car damaged in a car park.
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