Most drivers have been paying their car insurance premium for as long as they have been driving a car. You may think that you know everything you need to about your car insurance. However, there are some common misconceptions about vehicle insurance that many drivers are unaware of. Here are five of the top myths U.K. drivers have about their motor insurance. If you are looking for cheap car insurance, check out Kwik Fit Insurance.
1. It’s OK to Lie About Who the Car’s Main Driver Is.
Some drivers in the United Kingdom have falsely told their car insurer that another driver in their house is the primary driver of their vehicle in an effort to enjoy a lower premium. For example, you may have said that you are the primary driver on your teenage son’s vehicle. The fact is that this can be considered fraud, and your entire insurance policy may be cancelled if you are discovered. Furthermore, an insurer does not have to pay out on a claim after an accident if it is determined that the insurance policy is invalid due to this false information.
2. The Full Value of Personal Items in the Car Will Be Replaced.
Many insurance policies have cover that includes financial reimbursement for items that are damaged in an accident, stolen from the car and more. If you have this type of cover, you may feel comfortable leaving your purse or wallet sitting on the passenger seat, storing your laptop in the car and more. The fact is that most insurance policies have a maximum limit on this type of cover, and it often is lower than what you might think.
3. You Don’t Have to Pay Excess If the Accident Is Not Your Fault.
The fact is that excess is required each time you file a claim or a claim is filed against your policy. Your car insurer may refund your excess in a no-fault accident, but typically this is only done if they get full reimbursement from the other driver’s insurance policy.
4. Your Cover Extends to Any Vehicle You Drive.
In most cases, car insurance extends to only a named driver and a named vehicle. This means that your policy provides you with cover when you are driving your own vehicle. If you get into an accident in another vehicle or if your car is damaged because you let someone else drive it, the cost of repairs and damages will be yours to pay on your own.
5. A Small Claim Won’t Affect Your No-Claims Bonus.
In most cases, a single claim for a broken or damaged windscreen may not affect your no-claims bonus. However, if the claim is for other types of damage, even if the amount of the claim is small, it may affect your no-claims status.