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Motor Meaning: Don't Get Stressed With Car Insurance Terminology
from:It is traditionally known as 'car insurance', but could the
recent increase in web-based comparison websites be making
drivers confused? The Association of British Insurers classifies
it as 'motor insurance', and the official body for compensating
the victims of uninsured drivers is the 'Motor Insurers' Bureau'
(MIB). Although a predominantly U.S. term, 'auto insurance' is
also starting to appear in the UK.
There is the question that asks: "does it really matter what
it's called?" 'Car insurance' is possibly the clearest term, as
it does exactly what it says. 'Van insurance' and 'motorbike
insurance' are also reassuringly straightforward. 'Motor
insurance' indicates coverage for any engine-powered vehicle.
However, this doesn't necessarily mean an insurer will have a
quote immediately at hand for a ride-on Shop-mobility scooter!
Car insurance, motor insurance, auto insurance; whatever
customers chose to call it, is a huge business for good reason -
there are plenty of vehicles to protect. There are approximately
30,000,000 cars licensed in the UK, with 73% of UK households
owning at least one car. In 2006, total net premiums for motor
insurance in the UK came to £10.3 billion. In the same year,
motorists filed £8.0 billion-worth of claims.
It therefore can be surprising to learn that the UK has the
status as one of the worst offenders in Western Europe for
uninsured drivers on the road. The MIB estimates that one in
every twenty cars on the road being driven without insurance,
adding up to an estimated £30 to every UK driver's insurance
premium in order to compensate. It's every driver's
responsibility to ensure that they're insured, and from 2009, it
will be an offence to keep a car without insurance - whether or
not it is being used - unless you have filed a Statutory Off
Road Notification (SORN) declaration.
However, finding car insurance in modern times can be a
minefield. It's a pervasive irony that protecting your vehicle
against risks on the road can be a risky business. Type 'car
insurance' into a search engine online and the riotous spectrum
of policies on offer can make finding the necessary cover seem
as complex as finding a needle in a haystack. For those who wish
to avoid struggling through the labyrinthine range of coverage
options, a whole industry has popped into existence for the
purpose of making drivers' choices clearer.
It can, however, be difficult to know which of these comparison
companies to choose for the best insurance option. There may be
many websites devoted to comparing costs, but it is also
important to get the right coverage depending on personal
priorities. With thousands of new drivers entering the market
every year, motor insurance will continue to be a legal requirement and an
essential piece of protection against other road users.
When drivers need clarity about car insurance, there shouldn't
be confusion about its name. It doesn't matter what it's called,
but that it can be relied on when the unexpected happens.
About the author: Isla Campell
As a fan of article content and as a professional working for a digital marketing agency, Isla Campbell hopes you enjoyed her article but urges you to treat it as corporate content with business interests.
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