Car insurance in Britain: Don't leave home without it | HULIQ

by Bill Freehling

Drivers who let their car insurance lapse in the UK face fines of up to 1,000 British Pounds even if the vehicle isn't on the road, reports the Daily Telegraph of London.

In Britain you could leave your vintage automobile at home and never plan to drive it, but if it's registered and without car insurance you could face the fine.

Autos without car insurance that are left behind on the road could be seized under the new laws.

The British government has said the new car insurance regulations are meant to crack down on motorists without car insurance who are blamed for 160 deaths per year.

Needless to say not everyone is thrilled about the new car insurance penalties. Some say it could hurt innocent people who mistakenly let their car insurance lapse.

The big winner here could be the car insurance companies. Brits are likely to pay pretty close attention to making sure their policies are up to date if these regulations are put in place.

Geico, Allstate and State Farm might consider setting up shop there to sell car insurance. It's a business that seems so easy that a caveman could do it.

Written by Bill Freehling

Source: Car insurance in Britain: Don't leave home without it | HULIQ