Why is Car Insurance needed?

Car Insurance is not so much for protecting you,provided by a regulated car insurance company or
it is to protect other motorists, the public anddeposit a large sum of money with your local
other parties property in case you cause harm orcounty court.
damage to them. They can then claim any costsThe latter option being pretty unrealistic seeing as
from your insurer. As you can imagine, it wouldmost of us don’t have tens of thousands of
be grossly unfair if you crashed in topounds to permanently deposit and it is also quite
somebody’s house and they had to pay forrisky because if the amount you have deposited
the repairs.doesn’t cover the cost of any claims made
Having liability insurance is the minimum type ofagainst you then you are personally liable for the
insurance you need by law to drive legally and isremainder of the claim, meaning you would have
called Third Party Insurance.to sell your possessions to cover the cost, even
Car Insurance becomes more expensive whenyour house if you own one.
you start insuring your own vehicle at the sameThis is why most of us go with a car insurance
time. Insuring your vehicle comes in two forms ofpolicy. Although it is expensive it is much more
cover. One is known as Third Party Fire andeconomical and provides greater cover. You will
Theft, which covers you if your car is broken infind that any reputable insurer will provide personal
to or vandalised. The other type of cover is calledliability cover to £20 million pounds as standard.
Comprehensive. This is the most common typeThis is pretty good value for money considering
of car insurance bought because it also gives youthat to buy the cover only costs a few hundred
complete cover for your car. So, even if youpounds.
cause an accident and damage your car, yourThis article is written by Chris Waters who
insurer will still pay for the repairs to your vehicleoccasionally contributes articles to Zen Car
as well as for the third party.Insurance; an online service which provides Car
Car Insurance became a legal requirement in theInsurance Guides and a Car Insurance Quotes
United Kingdom from 1930. The law on it wascomparison service. He also contributes to the
tightened further in the late 1980’s when theZen Car Insurance Blog on a weekly basis giving
Road Traffic Act of 1988 was published. The rulehis views on the latest happenings in the car
states that any driver, whether you own theinsurance market.
vehicle or not, must have either have insurance