The Hidden Costs of "Free" Car Insurance: What Dealers Don't Tell You
Description
Free 5 to 7 days insurance offers, meant to smooth the new car registration process, provided by car dealers come with significant hidden risks that could leave you thousands of pounds out of pocket and compromise your personal data privacy. Whether buying an electric or conventional vehicle, understanding these insurance pitfalls is essential for protecting yourself financially.
• Free, fully comprehensive dealer insurance policies often provide only basic coverage with significant limitations
• Personal belongings in your car may have severely restricted cover (as low as £100)
• Windscreens may not be covered, potentially costing £2,400 for electric (and ICE) vehicles
• No-claims discount protection is typically not included in free policies
• Free insurance terms often allow the insurer to share your data globally - the hidden permission is provided by you when you take out the free policy.
• Arranging insurance 21-23 days before delivery can save up to 40% on premiums
• Taking your own comprehensive insurance ensures proper coverage for your specific needs and maintains your no-claims-discount protection.
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