Seven car insurance myths debunked – you could face a £5,000 fine

MOTOR experts debunked seven common car insurance myths.

Finding the right car insurance can be difficult, especially when drivers are looking to save money.

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Handy, car experts at you red car have answered some common questions about what you can and can’t do when looking for car insurance.

Motorists often assume that they are insured to drive any car, but this is not necessarily true, LancashireLive reports.

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If you are “fully comprehensive” with your own vehicle, this does not mean that you are also insured for other vehicles.

While some policies may offer this, that’s not all.

Motorists should read the fine print to find out if they have DOC coverage (other cars drive).

Sometimes under-25s aren’t insured to drive another driver’s car.

Another myth is that liability insurance is always cheaper than comprehensive insurance.

However, liability insurance is the minimum coverage required by law.

This covers damage to someone else’s car along with compensation for anyone injured, but not for you or your own vehicle if you were at fault in the accident.

It may seem logical that the minimum level of coverage comes at a minimum price, but that is not always the case.

It’s important to do as much research as possible to find the best price for the best coverage.

It is important to realize that taking out insurance in someone else’s name, even if it is a parent, is known as fronting and may result in your policy being voided.

It’s illegal and drivers could be fined up to £5,000 if brought to justice.

And secure parking for your car may seem like it will reduce your insurance policy, but again, that’s not always the case.

From the insurer’s perspective, this could be riskier than the driveway.

Maneuvering in and out of a garage may increase the likelihood of colliding with your vehicle.

And insurance for young and first-time drivers can be prohibitively expensive — but costs don’t fully come down by age 25.

Insurance is cumbersome, so it always depends on the situation the person is in at the time.

After all, motorists believe that they would not have to pay a deductible if they were not at fault for the accident.

Unfortunately, if your car is hit by an uninsured driver or involved in a hit-and-run accident, you will still have to pay the excess.

This also applies if you find your car damaged in a parking lot.