(PRWeb UK) March 20, 2010
The Government has announced the extension of its vehicle discount or 'scrappage' scheme, by a further month until the end of March.
The car scrappage scheme entitles drivers to a £2,000 discount on a new vehicle in return for having an old vehicle scrapped. To take part, drivers need to contact a participating dealer to ensure they meet the requirements of the initiative.
In light of this extension, Post Office Car Insurance is reminding drivers that they must have a valid car insurance policy in place if they want to take advantage of the scheme to update their vehicle.
Under the rules of the scheme a vehicle being traded must be legally covered by car insurance when the order for the new vehicle is placed. Post Office Car Insurance is therefore reminding drivers to ensure they have the necessary car insurance in place on the vehicle to be traded.
In addition, Post Office Car Insurance is advising drivers, as with any new car purchase, of the need to check how their car insurance premiums may change if they take part in the initiative. Car insurance premiums can vary given the age of a vehicle, with older cars sometimes insured under third-party car insurance cover.