How does car insurance work outside the UK?
Discussion
Do you live outside the UK, have lived in other countries, or are originally from elsewhere? If so, how does car insurance work in the country you know about? It appears in some countries that, unlike the UK, it is the car that is insured and not the driver, and as such so long as a car is insured anyone can drive it?
So which country do you know about and how does it work? I'm just trying to see if the UK system is the norm or not.
I'll start - in Iceland the car is insured meaning youngsters can drive fast powerful cars for a reasonable cost whilst older drivers get less of a discount than the UK.
So which country do you know about and how does it work? I'm just trying to see if the UK system is the norm or not.
I'll start - in Iceland the car is insured meaning youngsters can drive fast powerful cars for a reasonable cost whilst older drivers get less of a discount than the UK.
In Spain, in most insurance companies, anyone over certain age (I think is +23 or +25) can drive any car, but if younger than that you have to be included in the insurance as a named driver, because otherwise the insurance won't cover you. That is just in case of an accident, police wise you do not be in the insurance, the car needs to have an insurance and anyone can legally drive it.
I've noticed the car is insured system quite a lot outside of the UK.
I guess such a system wouldn't be implemented here because that would mean they couldn't charge certain age groups out of the backside. I'm 24 myself so it's not a personal issue I'm facing, just a statement I felt was appropriate.
I guess such a system wouldn't be implemented here because that would mean they couldn't charge certain age groups out of the backside. I'm 24 myself so it's not a personal issue I'm facing, just a statement I felt was appropriate.
El Capitano said:
Here in Dubai it's the car that is insured too. Anyone with a licence can drive it and be fully insurered.
I pay about £400 at the age of 26 for a Range Rover Sport v8 supercharged.
It's a good system!
(I don't know but) How do the prices compare between Dubai and the UK?I pay about £400 at the age of 26 for a Range Rover Sport v8 supercharged.
It's a good system!
In Bulgaria it's the car which is insured, any qualified driver can use it with the registered owner's written permission.
There's two levels of cover, compulsory third party, which is roughly the equivalent of 60 quid a year, and optional full cover. The premium for full cover is a percentage of the agreed value of the car at the start of the contract, usually 5 to 6 %, and there's no discount for a claim free history, nor do you get hammered for making a claim.
There is a 'Gold license' system, after 5 years without falling foul of the police you can claim a gold license, which gives you a discount on insurance premiums.
There's two levels of cover, compulsory third party, which is roughly the equivalent of 60 quid a year, and optional full cover. The premium for full cover is a percentage of the agreed value of the car at the start of the contract, usually 5 to 6 %, and there's no discount for a claim free history, nor do you get hammered for making a claim.
There is a 'Gold license' system, after 5 years without falling foul of the police you can claim a gold license, which gives you a discount on insurance premiums.
karona said:
In Bulgaria it's the car which is insured, any qualified driver can use it with the registered owner's written permission.
There's two levels of cover, compulsory third party, which is roughly the equivalent of 60 quid a year, and optional full cover. The premium for full cover is a percentage of the agreed value of the car at the start of the contract, usually 5 to 6 %, and there's no discount for a claim free history, nor do you get hammered for making a claim.
There is a 'Gold license' system, after 5 years without falling foul of the police you can claim a gold license, which gives you a discount on insurance premiums.
So on a £50,000 car you'd pay circa £2,560 (5% of £50,000 + £60 third party)?There's two levels of cover, compulsory third party, which is roughly the equivalent of 60 quid a year, and optional full cover. The premium for full cover is a percentage of the agreed value of the car at the start of the contract, usually 5 to 6 %, and there's no discount for a claim free history, nor do you get hammered for making a claim.
There is a 'Gold license' system, after 5 years without falling foul of the police you can claim a gold license, which gives you a discount on insurance premiums.
El Capitano said:
The Moose said:
(I don't know but) How do the prices compare between Dubai and the UK?
Same car in UK, with old address, old details including 7 years no claims bonus = £1000 plus.,cheapest was 1000 with a £350 excess, most were 1200 ishThe Moose said:
El Capitano said:
The Moose said:
(I don't know but) How do the prices compare between Dubai and the UK?
Same car in UK, with old address, old details including 7 years no claims bonus = £1000 plus.,cheapest was 1000 with a £350 excess, most were 1200 ishIt depends on the car, but generally something European, pre-owned and less than 5 years old, you are looking at very similar prices to the UK.
My RRS was pretty much on par with what I would pay back at home for the same spec.
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