Car insurance / cover
There are different types of car insurance, but the basic principle is that it offers financial cover for damage and / or injury resulting from traffic collisions. You pay an insurer for a policy and if you’re in an accident or your car is stolen, you can make a claim. If your insurer accepts the claim, they’ll help cover some of the costs for putting things right. Car insurance can also cover damage caused by things like vandalism and hitting stationary objects.
Car insurance groups / bands
The Group Rating Panel (GRP), administered by Thatcham Research, puts new car models into an insurance group from 1 (cheapest to insure) to 50 (the most expensive). Cars in the highest groups are likely to cost insurers the most if a claim is made. Insurers might use the GRP's recommendations when they calculate your car insurance premiums, or they might choose to use their own groupings.
Certificate of Car insurance
Your certificate of Car insurance is proof that your car is insured and you have the minimum 3rd party insurance for your car, as required by law. It shows what car is covered, who’s allowed to drive it and what the car can be used for.
Child car seat protection cover (child car seat replacement)
Covers damage or potential damage to any child car seats in your car if you have an accident, the car is stolen, or there is a fire. This cover might be included as standard with your car insurance.
The process of formally asking your insurer for payment to help cover an expense that falls under the terms of your insurance policy.
A list, or record, of claims you have made against your insurance policy.
Collision damage waiver
This is when a rental company waives their right to make you pay for damage to their hire vehicle.
When travel is a permanent part of your job. For example, if you work as a taxi driver, delivery person, or travelling salesperson.
Comprehensive cover / insurance
Insurance that covers you for damage to your car, as well as damage to others, as the result of an accident that was deemed your fault.
A hire car that you’re given to use while yours is being repaired.
Credit report / score / footprint / check
A credit score is a tool used by lenders to help them decide if you qualify for a credit card, loan, mortgage or service. They’ll use the information on your credit report, and from your application, to calculate a score that represents your credit history. This helps them understand what kind of borrower you are, and how likely it is that you’ll manage your repayments. Your credit score is also one of the factors that insurers can use to work out your insurance premiums. Any credit or financial product you take out will appear (or leave a footprint) on your credit report. And some credit applications – even if they aren't successful – will appear on your report too.