License Plates: Drivers Warned of Auto Insurance Problems If Personalized Plates Are Lost


Following the new license plate changes in early March, many drivers may have waited to buy a new car with a “22” plate or buy their own personalized plate. The cost of a personalized DVLA number plate starts at £250, but this figure can increase significantly depending on the perceived value of the plate.

But motorists are warned that their precious personalized number plate may be at risk if the appropriate insurance is not in place.

They can also lose the license plate if they don’t act quickly enough in case their car gets deregistered or scrapped.

GoCompare car insurance analyzed over 330 comprehensive car insurance policies which revealed that only 19 specifically cover the loss of a personalized plate, should the car be lost.

Of those providing cover, the sum insured varies, with one insurer providing cover for less than £1,500.

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“In this case, you will need to contact the DVLA and your insurer to let them know that you want to keep the plate.

“The insurer will then write a letter of no interest and send it to the DVLA. As a registered holder you will have to pay a retention fee to keep the plate if you don’t have another vehicle to transfer it to. .

“When you put a personalized plate on a vehicle, remember to let your insurer know immediately or your policy could be invalidated.

“As many insurance policies do not cover the loss of personalized number plates, it is also very important to check the fine print and ensure you have the coverage you need before embarking on a personalized plate.”

The DVLA states that there are established processes in place so that customers can retain the rights to a personalized registration number.

It is quite possible for the customer to decide to take out additional insurance to cover the possible loss of a number.

Currently the highest price paid for a number plate stands at £518,840 for the wanted ’25 0′ plate.

The DVLA advertises a number of personalized license plates on its Twitter account.

Some of the standouts include ‘SN10 0WY’ for unpredictable weather, ‘R022 LLS’ for a Rolls Royce owner and ‘DA22 LER’, with all plates starting at £250.


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