Who regulates car insurance in the UK?
UK Car Insurance Regulation UPDATE: The FSA has now become two separate regulatory authorities and their site is no longer updated. The Financial Conduct Authority (FCA) regulate the financial services industry in the UK.
How many car insurance companies are there in the UK?
There are over 200 car insurance providers in the UK. Some of the biggest include: Aviva; AXA; Direct Line; esure; RAC; Because of this, it pays to shop around for insurance and make sure you get a deal that suits your needs. UK car insurance typically covers the vehicle rather than the driver.
Is car insurance compulsory in the UK?
Introduction to UK car insurance Insurance in the UK is compulsory. The law states that you must insure all vehicles if you drive them or keep them in public places to at least the level of third-party liability. This is unless they have been declared ‘off the road’, which can be done if the vehicle is not being used.