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Grey Imports..
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Save money..Grey Import Car Insurance
If you have never owned an imported car before or have little knowledge about the importation industry then you may not be aware of the fact that more foreign cars are heading into the UK via various channels every day.
In the past, importation costs were considered to be too high for many cars to be sent over and remain affordable but this is definitely not the case today. It is easier to purchase an imported car than ever before but that is just the easy part. Insuring them can be a completely different matter when they get here. This is why finding out a little more about grey import car insurance is a must if you plan to buy one in the near future.
Before looking at grey import car insurance and how it works, it is important to note the difference between regular imports and grey imports. The former term applies to those cars that are imported via official channels, usually by the manufacturer. Grey import cars, on the other hand, are imported via channels that are not the marketer or manufacturer’s official distributor or system. That is not to say that they are illegal in any way. Far from it. In fact, all grey imports are legally imported cars but they are often used cars that are sold on for lower prices and so are not suitable for importation via official channels.
So what does the nature of grey import cars mean for you? Well, in many cases it means that you can get a hold of an imported car for a much lower price than you would normally pay. You may also be able to escape certain taxes as a result. However, it does mean that you might have a few problems when it comes to taking out an insurance policy because regular policies do not cover them. As most grey import cars are from mainland Europe or Japan, they are left hand drive cars and are therefore not standard cars. As such, you need to find grey import car insurance policies instead.
Grey import car insurance policies cover cars that have come in via unofficial channels. The cars may have higher specifications or feature parts that are hard to get a hold of. Regular insurance policies would not offer the level of cover required should anything go wrong as a result, but grey import car insurance would because it is tailored to suit the needs of the car. Despite that, as grey import insurance is a specialist policy, it need not cost a fortune. Some of the premiums are incredibly affordable so you can save money all round.
If you do find yourself in need of grey import car insurance then you will not find just one form of insurance out there for you. Much like regular car insurance, you can find modified or performance grey import insurance to suit the condition that your car is in if need be. Take a look around for quotes and then see what the providers have to offer to suit your own requirements and specifications.
View the UK Car Insurance Guide