Vehicle insurance can be seen as just another legality to cross off the list but having the right insurance as a driver will protect you from personal liability in case of an accident. Apart from the legal obligations, being held responsible for an accident may mean you’re liable to pay a large amount of money you might not be able to afford.
Having No Insurance
As a driver, it’s illegal to not have at least third party insurance on the vehicle you are driving. The penalty for being an uninsured driver can be a fixed penalty of £300 and six penalty points added on your driver’s licence. Should your case go to court, you can be liable for an unlimited fine or, in worse case scenarios, be disqualified – or banned – from driving.
You can be disqualified from driving if you get 12 or more points within three years, or if you’re convicted of a driving offence. The duration of the ban, decided by the court if you have more than 12 points, is six months (should you have 12 points or more of penalty within three years); 12 months (should you get a second ban within three years); or two years if you receive a third ban.
For short term disqualifications of 56 days you need to apply for a new license before you can drive again, or you may even have to retake your driving test.
Comprehensive and Third Party Insurance
Comprehensive insurance means that you are able to claim from your own insurer, but there is the possibility of you losing your no claims bonus should your insurer be unable to recover the money from the other driver’s insurer.
With third party insurance, you make the claim against the other driver and you allow the insurer to decide who is to take responsibility for the accident and, should you be found responsible, you are required to pay for any repairs your vehicle needs.
By ensuring that you have the right insurance from the start you avoid any complications in future. Should you ever find yourself injured because of an accident that wasn’t your fault or could have been prevented, here at AYB Law Solicitors we ensure you receive all of the legal advice you need. For more information about our expert services, get in touch with us on 0800 0443 495 to speak with our highly skilled team.