Aggregator
A price comparison website, or 'aggregator', is an organisation that provides an online system which captures and displays insurance quotes for multiple insurance providers in one go.
BACK TO TOP
Compulsory excess
Also known as a mandatory excess. This is the excess an insurer applies to your policy, which you have no choice but to accept, and will have to pay yourself if you make a claim. This excess can be applied differently according to your age and experience.
BACK TO TOP
Driving other cars (DOC)
This is a benefit on your policy that may or may not cover you to drive other cars, in addition to the car named on your policy.
BACK TO TOP
Insurance Premium Tax (IPT)
A UK Government tax on general insurance premiums, including premiums for car insurance. The tax will automatically be included in the price of your car insurance and is currently charged at a rate of 6%.
BACK TO TOP
Mandatory excess
Also known as a compulsory excess. Please see our 'Compulsory excess' definition for more details.
Motor legal protection (MLP)
A service that can be included to give you access to, and insurance for, legal assistance. This can help you recover costs incurred that may not be insured if you're involved in an accident where the other person is to blame - for instance, to claim back your excess, loss of earnings and legal costs etc.
BACK TO TOP
No claims discount (NCD)
This is the increasing amount of discount you receive off of your insurance premium in recognition of each consecutive year that you haven't made a claim on your motor insurance. This is usually capped up to a number of years, but can get you up to a 90% discount off of your premiums.
BACK TO TOP
Protected no claims discount (PNCD)
This allows you to protect your no claims discount so you won't lose it if you were to have an accident. Often subject to making no more than a set number of claims within a given period.
Price comparison site
Also known as an aggregator. Please see our 'aggregator' definition for more details.
BACK TO TOP
Social, domestic and pleasure (S,D&P)
This covers drivers for normal day-to-day driving such as visiting friends, going to the shops etc. It includes commuting to a permanent work place but not business use.
BACK TO TOP
Third party fire and theft (TPFT)
This is the same as third party cover but with added cover in case your car is damaged by fire or stolen.
Third party only (TPO)
This is the most basic cover and just covers damage to other people's cars/property.
BACK TO TOP
Uninsured loss recovery (ULR)
This helps you claim for any uninsured losses against the person responsible for an accident - for instance claiming back your excess, loss of earnings and legal costs etc.
BACK TO TOP
Voluntary excess
This is the amount of any claim you will have to pay on top of any compulsory or mandatory excess. You can usually choose the voluntary excess you're prepared to pay in order to lower your premiums. Excesses are cumulative so if you have a compulsory and voluntary excess, both amounts would be deducted from any claim you may make. For example, if your policy had a compulsory excess of £250 and a voluntary excess of £100 you would have to pay the first £350 of any claim.
BACK TO TOP
|
Egg Home > Insure > Motor > Insurance jargon buster > 
