Loss of Licence Insurance
Over 124,00 people a year are disqualified from driving*.
*According to DVLA freedom of information request
My Licence Protect
If you lose your licence, the cost of alternative transport could be expensive.
My Licence Protect can insure the cost of alternative transport if you lose your driving licence through the accumulation of penalty points or a court order. You can apply providing you currently have no more than 8 penalty points.
ALTERNATIVE TRANSPORT COSTS
Reimbursement for alternative transport costs up to £10,000 a year, subject to a maximum of £1,000 in any calendar month (ie planes, trains and cars) to assist you to get where you need to be.
£3 Per Month (inclusive of IPT)*
Transport Costs** £5,000
£4 Per Month (inclusive of IPT)*
Transport Costs** £7,500
£5 Per Month (inclusive of IPT)*
Transport Costs** £10,500
* Premiums include 12% Insurance Premium Tax (2019-2020) ** Per Year.
This insurance is known as My Licence Protect and is underwritten by Hiscox, an award winning specialist insurer. This insurance is covered by the Financial Services Compensation Scheme (FSCS).
To apply, you must be;
Aged 21 or over and under 75 years old
The holder of a full driving licence for a minimum of two years
You must have no more than 8 penalty points at the time of applying
This document is a summary of the benefits included, exclusions, restrictions, areas of cover, how your policy is paid and your rights and obligations.