Will a private number plate impact my car insurance premium?

 

Owning a private number plate is something to boast about. But the adrenaline rush that comes with a cherished number plate often makes people forget about the insurance premium. So, do you have to pay higher than standard insurance premiums because you have a private number? To save yourself from any misfortune, know every cost that comes with a private number plate. Not just upfront but long-term as well.

Is There An Insurance Cover For A Private Number Plate?

Go Compare revealed that there are 302 comprehensive car insurance policies, out of which 19 cover the loss of a private number plate. Moreover, if your car is written off, in that case, the insurer will become the owner of the number. You have to again buy the number from the insurer at a negotiated cost. In case the car has been scrapped and is not under the contract with the insurance company, then you have to find the vehicle and retrieve the number.

Want to buy a private number plate? Here is the beginners' guide to buying a private number plate in the UK.

Impact on Insurance Premium

The good news is while you have to inform your insurance company about your private number, in most cases, it will not lay any extra charges on you. Still, some insurers might slightly hike the price given that it is a special, thus highly desirable number which might increase the probability of the number being stolen. On the contrary, some insurers might keep it low, paying heed to the fact that a personalized number could easily be identified (if stolen or written off). 

In any case, you must inform them about the private number of the insurer. To mitigate any risk that comes with the adverse scenarios. Most insurers do not even give coverage against the private number. Even if some insurers do, they do not advertise it. Although for your number’s safety, it is essential to ask them about the cover. If you are a loyal customer, the insurer might add it to your coverage as a token of appreciation.

A private number plate should not have extra charges without additional cover. Still, for your peace of mind, make sure you ask for more coverage from your insurer.

Get Customized Number Plates - Conclusion

Whether the motive is to flaunt your recently acquired number or quickly identify your car (in unfortunate events). From 3D gel plates to 4D number plates, Krystal number plates, neon plates, etc. Easy Plates engraves your beloved personal number on premium number plates tailored to your style and your car’s model. For quick queries or orders, visit Easy Number Plates.

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