The number of road accidents is increasing every year in the world, and even experienced drivers cannot be sure that they will be able to avoid collisions. Some motorists violate traffic rules deliberately, others do not know some of the rules. As a result, in the event of a collision, the at-fault driver must compensate the other motorist for damages and repair his vehicle. In such cases, insurance is required to reimburse part of the losses. Insurance companies offer various insurance options, and car owners choose Cheapest Car Insurance Companies.
What does additional insurance protect against?
In theory, it can protect against any damage to the car, including complete destruction. Namely:
- from damage in an accident, even if the driver is at fault;
- from theft;
- from theft of wheels, headlights and other car parts;
- from arson or fire;
- from flooding;
- from hail;
- from falling icicles, ice, trees and other objects;
- from collisions with animals;
- from the actions of vandals.
But not every insurance protects against all cases. There are tariffs where coverage concerns, for example, only theft or complete destruction. They will be much cheaper.
Voluntary car insurance
When a car gets into an accident, is stolen or the car is scratched in a parking lot, the driver contacts the insurance company, and it repairs the car for free or gives money for restoration. Cheaper Car Insurance UK protects the car from any damage.
If you buy a car on credit, the bank will most likely oblige you to buy insurance, otherwise the loan will simply not be issued or the overpayment rates will be greatly increased.
In other cases, many kinds of insurances are voluntary. Each owner decides whether to insure the car or not. No one can force a driver to buy an insurance policy with a full list of services. And there are no penalties for not having many insurances.