#PRICE TO RENEW LICENSE PLATE DRIVERS#
This ensured that all vehicle owners and drivers had to be insured for their liability for injury or death to third parties whilst their vehicle was being used on a public road. This meant that injured victims would rarely get any compensation in an accident, and drivers often faced considerable costs for damage to their car and property.Ī compulsory car insurance scheme was first introduced in the United Kingdom with the Road Traffic Act 1930. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. Widespread use of the motor car began after the First World War in urban areas. 2.20.1 Investigation into repair costs & fraudulent claims.The specific terms of vehicle insurance vary with legal regulations in each region. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. JSTOR ( July 2014) ( Learn how and when to remove this template message).
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