Adam Enterprise

<a onClick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.quinn-direct.com"/>Car insurance experts</a> are warning drivers who are looking at making savings by reducing elements of their cover, that they run the risk of facing severe punishments and having to pay even more money out if they are caught without the necessary insurance.

A recent report revealed that as many as 37 per cent of motorists are considering downgrading their motor insurance cover to try and reduce the cost of their premiums in a bid to save some money during these difficult financial times.

However one expert warned, 'It is understandable that people are looking at ways in which they can reduce their outgoings. However, cancelling or reducing essential cover could result in many people finding themselves seriously out of pocket if something untoward happens.'

With the possibility of so many drivers out on the roads without proper cover, the risk of them being caught has increased as police begin a clampdown. Those caught with incorrect cover or no insurance at all will be faced with expensive fines and large bills. These motorists also run the risk of being disqualified from driving or having their cars seized and sent away for crushing. The fines imposed on people breaking the rules could have disastrous effects on drivers already in financial trouble, as could losing their car as this may effect their jobs.

In the worst case scenario, if someone was to be involved in an accident resulting in a serious injury to another person or a fatality and they were not correctly insured, a prison sentence is likely to follow have seriously detrimental effects on the rest of their lives'not to mention the victim and their families.

Many motorists believe that reducing their insurance policy to a third part agreement is the most obvious way to reduce their premium costs, but experts warn, 'If you only opt for third-party cover then not only will you have to pay for damage to your own car, but your premiums will go up as well after the accident. Increasing your excess is also a popular way of cutting your premiums. The savings are significant and can mean a difference of 10 per cent or more in the cost. However, this is far better for those who only use their cars once or two days a week, and not at peak times. It is a false economy for someone who races up and down the motorway every day. And if your car is only worth a small amount in the first place, it makes no sense to have an excess threshold that high.'

About the Author:

Rochelle Martinez, Freelance Web Content Article Writer for three years. Some of her articles are about http://www.quinn-direct.com.