You won’t be able to!
How much do I need to pay for my first vehicle?
It’s worth it. It means you already have a driver’s licence. A few things to think about:
It costs the same as the insurance if you live in the UK. A quote should be provided before you even take out a contract.
You’ll have to pay for fuel, maintenance and servicing and may have to pay a cash deposit if you need to borrow money. It’s worth doing this if you know you will have to work hard and live away from home.
When your car is purchased it will probably be an older one (perhaps the same model) which is probably a lot less expensive than a newer one.
Will I be able to buy insurance on it?
This depends on the type of car you own and which country you are in. If you are buying a used car that’s probably a yes.
If you are buying an older, used car with foreign ownership, that’s probably a no.
If there are lots of cars on the road and you’re travelling at some point, you may want some cover. This can be provided by a ‘car rental’ company, though you may be able to do it yourself.
Will all the insurance have a limit on the amount I can earn?
Some insurance companies have added special surcharges on income. Your insurance company may also have fees which are beyond what you are allowed to earn.
When choosing your car, make sure you look at the price. Not everyone will have as much money as you when they sell, so it’s worth checking the price with the company first. That way you can work it out with your credit.
How can I know if I have the required insurance?
Most insurance companies require you to submit a ‘statement of insurance’ before you can claim. The statement should tell you whether you have a valid insurance policy: a claim must be made within 30 days.
You will also need to confirm it when it comes to renewing.
Who will pay for it?
You will have to pay for it yourself. Check the rules in your home country about whether they allow you to buy your own insurance without being insured at the same time.
What else can I do if I don’t get my car insured?
We’d just want to point out that if you go abroad with your car
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