First of all it is illegal to drive without valid insurance. Doing so could lead to massive fines and even a prison term. that being said there are other reasons.
If you meet with and accident and end up hurting someone things could turn very ugly if you are not insured. If compensation has to be paid then you will have to even if it means selling your home, jewellery or other assets. The courts are not very lenient these days.
Then there is the cost of repairing your vehicle. Having valid insurance means you do not have to pay hefty repair and spare part bills. In some zero depreciation case you don’t have to pay even a penny.
So always make sure you have valid insurance. But here too be smart and don’t end up over paying for it.
New online companies are now offering better deals with the least amount of hassles. Renewbuy.com is one such site.
Renewbuy.com has a revolutionary new technology that gets the lowest quotes. After you pick one all you have to do is take a picture of the first page of your policy and upload it. That’s it. You make the payment and the new motor insurance policy pops into your inbox in a few minutes.