Motor insurance is a legal requirement - A motor insurance policy provides you with cover (and therefore peace of mind) against potentially very high costs. After all, if you cause an accident which results in loss of life or permanent injury to other people, the cost of the claim can be into millions of pounds. You cannot drive a motor vehicle without a valid motor insurance policy, and there are stiff fines and penalties (including a jail sentence) if you are found to be driving without having motor insurance cover