We all know how important it is to have car insurance. It’s the law. Without it you can face some serious consequences. Sure, shopping around, entering your details on endless amounts of insurance comparison sites isn’t the most exciting job in the world but it has to be done once a year!
Car insurance can be a mine field of jargon, abbreviations and phrases that sounds alien like. ‘TPO’, ‘TPFT’, ‘FULLY COMP’. Just a few examples of what you can expect. But now with the introduction of technology powering many policies, you need to know what ‘black box’ is and try and decipher ‘telematics based insurance.’
Understandably, this leads to confusion when speaking to insurance providers. To them, it’s a second language but to you it’s foreign. You might be given a whole host of options or choices and say yes to the wrong thing. This could lead to you not having the insurance you want or need. Should you need to amend your policy, you could be expected to pay as much as £100. This might be referred to as a ‘Mid-Term Adjustment”.
So you’re a new driver. You’ve never taken out a policy before and you are already bored after visiting your first comparison site. As we all know, all you want to do is get out on the road! So take a look at the key things to know when looking at car insurance.
TYPES OF COVER
TELEMATICS & BLACKBOX