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Car & Driving ·Car insurance, ownership costs, MOT rules and driving regulations for UK motorists. Built from DVLA, DVSA, FCA and GOV.UK primary sources.
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Comprehensive vs third-party car insurance

Comprehensive vs third-party car insurance

Side-by-side comparison of comprehensive and third-party car insurance in the UK: what each covers, who each suits, and cost context from the ABI. June

16 Jun 2026 · 6 min read

What Is a renewal quote? UK Meaning Explained

A renewal quote is the price an insurer offers to continue cover for a further term as the current policy nears its end. It is a fresh proposal that can differ from the expiring premium and must be compared before deciding.

15 Jun 2026 · 1 min read

What Is an exclusion? UK Meaning Explained

An exclusion is a situation, item or cause of loss that an insurance policy specifically does not cover. Exclusions are set out in the policy wording and define the limits of the cover, so any claim falling within one can be refused.

15 Jun 2026 · 1 min read

What Is a loss adjuster? UK Meaning Explained

A loss adjuster is an independent professional appointed by an insurer to investigate larger or complex claims. They assess the cause and extent of a loss, check it against the policy, and recommend a fair settlement amount to the insurer.

15 Jun 2026 · 1 min read

What Is indemnity? UK Meaning Explained

Indemnity is the insurance principle of restoring a policyholder to the financial position they were in before a loss, no better and no worse. Payouts reflect the actual value of what was lost, often after deducting for age and wear.

15 Jun 2026 · 1 min read

What Is new for old cover? UK Meaning Explained

New for old cover is an insurance basis that replaces a lost, stolen or damaged item with a brand-new equivalent, without deducting for age or wear. It is common in home contents policies for possessions like furniture and electronics.

15 Jun 2026 · 1 min read

What Is telematics? UK Meaning Explained

Telematics is the technology that records and transmits data about how a vehicle is driven, using a fitted device or a smartphone app. Insurers use it to measure real driving behaviour such as speed, braking, mileage and time of day.

15 Jun 2026 · 1 min read

What Is the Motor Insurers Bureau (MIB)? UK Meaning Explained

The Motor Insurers Bureau (MIB) is a UK body that compensates victims of accidents caused by uninsured or untraced drivers. It is funded by a levy on every motor insurer, so all insured drivers contribute to it through their premiums.

15 Jun 2026 · 1 min read

What Is continuous insurance enforcement? UK Meaning Explained

Continuous insurance enforcement is the UK rule that a registered vehicle must be insured at all times unless it has a Statutory Off Road Notification. Keeping an uninsured registered vehicle is an offence, even if it is never driven.

15 Jun 2026 · 1 min read

What Is a cancellation fee? UK Meaning Explained

A cancellation fee is a charge an insurer applies when a policyholder ends a policy before its term finishes. It covers administration costs and is set out in the policy, on top of any deduction for cover already used.

15 Jun 2026 · 1 min read

What Is a mid-term adjustment? UK Meaning Explained

A mid-term adjustment is a change made to an insurance policy during its term rather than at renewal, such as updating an address, adding a driver or changing a vehicle. It can alter the premium and may carry an administration fee.

15 Jun 2026 · 1 min read

What Is underwriting? UK Meaning Explained

Underwriting is the process an insurer uses to assess the risk of insuring a person or asset, decide whether to offer cover, and set the premium and terms. It turns information about the applicant into a price and policy conditions.

15 Jun 2026 · 1 min read

What Is compulsory excess? UK Meaning Explained

Compulsory excess is the fixed amount an insurer requires a policyholder to pay towards any claim. It is set by the insurer based on risk factors such as the driver's age and the vehicle, and it cannot be reduced by the customer.

15 Jun 2026 · 1 min read

What Is voluntary excess? UK Meaning Explained

Voluntary excess is the amount a policyholder chooses to add on top of the compulsory excess when buying insurance. Agreeing to pay more towards any future claim usually lowers the premium, because the customer absorbs a larger share of each loss.

15 Jun 2026 · 1 min read

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