Of course you do!
It is against the law to drive a motor car on the Public Highway without at least having valid insurance in place covering you against damage to other people or their property. This is known as Third Party cover.
According to the Association of British Insurers (ABI) in 2006, one in six private car drivers make a claim each year which cost the insurance industry more than £18.7 million in private motor vehicle claims.
If you are involved in an accident and considered to be at fault whilst driving uninsured, you will not only have to pay for the repairs to your own car, but you will be obliged to pay for repairs to the other person(s) car/property and even more worrying, compensation in respect of any injuries sustained by the other parties and passengers.
You personal possessions and property could be taken and sold to pay for these costs.
It is also highly probable that the police will prosecute you with the courts imposing a conviction which will stay on your licence for up to 10 years (depending on the nature of the offence).
After your home, your car is probably your most expensive purchase. Damage caused by or done to your car could be financially crippling, so look on your car insurance as offering you peace of mind that should an accident occur you are protected.
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