Series Land Rover and 4x4 Insurance UK
(Information) - Page 1
From June 20th 2011 it has been illegal to have a road taxed Land Rover which is not insured. If you cancel your insurance temporarily then you must also surrender the tax disc (even if it's free) and declare SORN (Statutory Off Road Notice) to the DVLA.
There are 3 basic types of insurance policy for your 4x4:
-
Third party
This is the minimum insurance your Land Rover needs by law.
If an accident is at least partly your fault then the insurance company
will pay for the other persons car or property and for any injury. This
insurance will not cover any damage to your Land Rover.
- Third Party Fire and Theft
This is the same level of cover as Third Party car insurance but includes
cover against your Land Rover being stolen or damaged by fire.
-
Comprehensive
In addtion to covering all of the above, this level of insurance
covers damage or loss of your own Land Rover upto the insured value of the
vehicle. Comprehensive insurance also covers you against death of injury
for yourself and your spouse (if travelling with you).
Off Road use:
Insurance policies do not normally cover
Land Rover offroad use. You should check before buying if this is what you
need. It's not easy to get insurance cover for competition use. Competition
events often provide optional insurance cover for events on the day.
Common Insurance Terms:
Green Card: With this card there is proof that you have insurance when
you reach the border of each country. It confirms that you at least have the minimum
legal insurance cover. You get the card from your insurer, but it is not required
in EU member countries any more.
Excess: The amount you agree to pay yourself in
the event of an insurance claim.
Brokers: They find suitable Land Rover insurance companies
on your behalf. They are not always more expensive than dealing with insurance
companies directly and they can often cater better for specific 4x4 insurance
requirements.
No-Claims Bonus: This is the discount on your premium
that an insurance company gives you when you drive without making a claim. Sometimes
it's possible to pay extra to protect your bonus in the event of a claim.
Direct insurer: Your 4x4 insurance policy can be purchased directly from
the insuring company. Different companies offer different specialist deals so
shop around.
Agreed Value: If your land Rover has special features
it may be worth more than the normal market value that the insurance company
would normally pay out in the event of a claim. In this event some insurance
companies will agree to pay a certain agrreed minimum amount if the vehicle
is considered a write-off.
Limited Mileage: Some insurance companies will reduce your
premium payments according to what mileage you agree not to exceed during the
12 months of the policy.
Voluntary excess: It may be possible to lower your premium
by arranging to pay an agreed sum if there is an insurance claim.
