Why is car insurance compulsory?

Question

Is it necessary for everyone and how to minimize such costs?

Answer 1

By law, you have to have at least third party insurance coverage for any vehicle used on the roads and in public places. So yes - you need insurance, so decide which package you're going to take and get started on it.

Answer 2

Car insurance is a separate compulsory item in the budget, and not a small one at that. Driving without insurance can lead to a fine (£300) and six penalty points on your driving licence (which will consequently increase the subsequent price of insurance). So just use https://www.moneyexpert.com/car-insurance/ and choose the most appropriate insurance company. It's best to be prepared for everything.