Why Every Family Should Have Vehicle Insurance

Getting married and having your own family is a major milestone in your life. The fun time of traveling and the road trips you used to think about for the future are now a reality and so is the need to have auto insurance. As your life changes, your vehicle insurance changes as well. For instance, aside from being single, divorced or widowed, married couples who have a shared auto insurance policy can be considered stable insurance customers and may be given lower premiums. In some cases, they save 6% more annually than people in other brackets.

All licensed individuals in the UK must have auto-insurance to be allowed to drive. Yet, as a single person, you’re likely to go with the cheapest one around and the very minimum that is mandated, but your way of thinking will often change once you have a family and you’d want insurance that has more and better coverage.

More About Vehicle Insurance

Vehicle insurance is a contract that protects either your car, truck, van, or any other type of vehicle you use on the road. Unfortunately, statistically, you are likely to be in some sort of road accident during your lifetime, which makes car insurance a must.

Three Levels of Coverage

When you compare car insurance policies, money shouldn’t be your only concern, as you also want to know the types of coverage.

• Comprehensive Car Insurance

This covers you, your passengers, and property and protects your car against theft or vandalism.

• Third-Party, Fire, and Theft

Covers third parties of an accident and protects your vehicle against theft and damage caused by fire. However, there is no payout for your own vehicle.

• Third-party car insurance

This is the minimum requirement in the UK and pays for third party property damage. If you need reasons to know how you are protecting your vehicle and your family with car insurance, we have them.

It Helps You Avoid Legal Trouble

If you’re involved in an accident and do not have vehicle insurance, expect to be picking up the tab of the total damages that you caused in an accident. You can protect yourself from financial ruin because the other party or parties involved in the same accident will expect compensation if you’re the one at fault. If you’re like most people, you can’t afford to self-insure and pay for damages out of your pocket.

It Covers Repairs

Depending on the type of coverage you get, vehicle insurance can pay for car repairs. The amount of money needed for repairs is also determined by the type of vehicle you are driving. Generally, recreational vehicles (RVs) and vans are bigger and heavier and often a preferred choice for families to travel around in. They might also cost more to repair if involved in a crash. If you want to know more specifics about this, on this page, you will be informed of the different policies regarding van insurance. It’s also good to know to never settle for any insurance deal so quickly. It’s best to get quotes from various vendors and compare your options so you can get one that’s perfect for your needs. There are two types of policies which are:

• Commercial Use Policies

For pickup vehicles used in connection with your business

• Private Use Policies

For vehicles you don’t use in connection with a business, but for those that are rather used exclusively for private or recreational purposes.

Remember that minimum insurance isn’t practical for a family because it will neither pay the repairs of your vehicle nor cover other types of damages, such as fire or a stolen vehicle.

A One Car vs a Multi-Car Family

If you have teen drivers in your family, expect that they might learn to drive using your car and eventually borrow your car for their own errands. Actually, if you have anyone under your roof, you might be sharing one car. Depending on the insurance company, you might struggle a bit to find one that ensures everyone using the car.

Many families will opt for multi-car insurance policies if they have more than one car to insure. Having all vehicles in one policy can often prove to be cheaper than individual policies, as the more vehicles you have, the better the discounts you’ll get. It can save time and effort than searching for separate policies; plus, one company can insure different types of vehicles, such as cars, vans, or motorbikes. 

It’s ever so important to remain safe on the road, but sometimes, no matter the precautions you take, you could still find yourself in an accident. If, thankfully, no one is injured, at the very least your car can be damaged. You need insurance to cover those damages and the damages of a third party if you’re at fault. You can enjoy road trips more with your family when you know you and your vehicle are insured.