View the article online at http://citywire.co.uk/money/article/a487619
Crackdown on motorists: check you are insured
Did you know it is now an offence not to insure your car regardless of whether or not you drive it? We explain what the new law means for you and how to keep costs down.
Before you load up the car and set off for your Easter break, bear in mind that the Department for Transport is cracking down on uninsured motorists.
New regulations introduced on the 18 April mean that it is now an offence to not insure your car – regardless of whether you drive it or not – unless it is subject to a statutory off road notification (SORN).
A recent survey by the AA however reveals that most motorists are unaware of the new ‘Continuous Insurance Enforcement’ law. And of those who were aware of it, 38% said they ‘don’t know what it means’.
There are estimated to be about 1.4 million cars being driven on Britain’s roads without insurance and acccording to the AA this costs honest drivers an average of £30 extra on their car insurance.
The DVLA and MID (Motor Insurance Database) are currently building up a list of vehicles that have neither insurance nor a SORN.
The new legislation will allow the DVLA to take action against car owners who ignore written warnings to get their vehicle insured. Under the Motor Vehicles (Insurance Requirements - Immobilisation, Removal and disposal) Regulations 2011 vehicles kept without insurance may be clamped and ultimately removed and disposed of.
And don’t think you won’t get caught.
‘The police already do a great job using automatic number plate equipment technology to stop vehicles that are being driven without insurance,’ warns Simon Douglas, director of AA insurance.
‘They convict about 242,000 uninsured drivers every year and last year, confiscated about 180,000 cars, most of which were crushed,’ he added.
So if you don’t have car insurance, now is the time to get it. There are dozens of online websites that offer a comparison service and most are relatively easy to use.
Check at renewal
If you have car insurance, make sure you renew your policy on time as under the new regulations you are not allowed to have a break when you are uninsured. This means shopping around well before the renewal date.
News sponsored by:
Making the most out of Europe's potential means seeing things differently. Learn more about how BlackRock's focused approach to investing in Europe helps investors unlock the continent's vast potential.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.