You are here: Home - Insurance - News -

You may be driving without insurance – and have no idea

0
Written by: Danielle Levy
27/03/2019
Last year, more than 1,500 vehicles were seized after motorists mistakenly assumed they were covered to drive another vehicle, but were in fact not insured at all.

The Motor Insurance Bureau (MIB) has warned that people often mistakenly assume they have a ‘driving other cars’ (DOC) extension on their fully comprehensive insurance policy. However, the DOC extension is only valid if you are the policy holder on the vehicle rather than a named driver on someone else’s car.

Research from temporary car insurance provider Tempcover has found that many insurers have been removing DOC clauses in recent years because they have been abused by motorists trying to dodge rising premiums.

Today, DOC clauses are unlikely to be included in insurance policies, Tempcover points out. What’s more, drivers are only able to see if they are covered to drive other cars after they have purchased the insurance policy and can check the certificate of insurance.

If a policy is purchased via a price comparison website, Tempcover says it is very difficult to check whether this forms part of the cover.

M&S car insurance, for example, has 19 restrictions on its DOC extension, while SwiftCover has 17 – in line with many of the big insurers, Tempcover said.

Likewise, drivers under the age of 25 face restricted DOC clauses under many of the major insurers.

Tempcover also pointed out that where a DOC clause is included it may be restricted to ‘third party only’. This means that if you were to borrow a car from a friend or family member or needed to use their car in an emergency and had an accident when driving that car, you and the vehicle owner could be left with the repair bill for the car, and the prospect of losing your ‘No Claims Discount’.

Alan Inskip, CEO of Tempcover said: “Drivers should check the wording on their certificate of insurance carefully before driving a friend or family members car as they could very well be excluded from doing so.  Wrongly assuming you’re covered could result in a hefty fine, points on your licence and even having the vehicle taken away and destroyed.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Three common holiday scams and how to avoid them

If you’re thinking about booking a holiday online, don’t let these scams ruin your trip – and leave you out...

Close