Threads / Motor insurance alternatives: removal of deposit and securi…
Consultation Outcome Published 11 Jun 2019 Department for Transport ↗ View on GOV.UK

Motor insurance alternatives: removal of deposit and security options

Amending road traffic legislation to remove the options of making a £500,000 deposit or obtaining a security instead of motor insurance.

Opened 7 Aug 2018
Closed 2 Oct 2018
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Seeking views on our proposal to remove the 2 existing alternatives to conventional motor insurance of:

  1. deposits
  2. securities

The alternatives, which would be amended accordingly, are:

  • 144 (1) and 146 of the Road Traffic Act 1988
  • Article 90(2)(b) and Article 93 of the Road Traffic Order 1981

Removing the options would require all persons using a vehicle on a road or public place to have compulsory third party motor insurance.