The following Blog Post is from an article by our CEO that first appeared on LinkedIn

In the last 10 days I’ve travelled from almost one end of the British Isles to the other and back again.

Visiting Glasgow, Leeds (twice), Stoke-on-Trent, Manchester, Leicester, St Albans and finally to Dorset and their annual care conference.

As much as I would love to use public transport it would be almost impossible and as such I’ve added another 1400 miles to my already rapidly climbing car’s mileage. During hours of driving I passed multiple cars, both old and new, seemingly stranded by the side of the motorway awaiting recovery.

This article isn’t about joining the RAC, but seeing these cars led me to thinking about risk.

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The vast majority of us have car insurance to cover us in the event of an accident. But why?

Well it’s a legal requirement for one. As such, the implications of being caught not having it can be harsh and so we pay it. We may choose to pay the absolute minimum to meet the legal requirements, or pay more for a courtesy car, lower excess and so on.

We measure the value of paying out for something we don’t have to, against the risk and implications if we don’t.

Breakdown cover isn’t a legal requirement. You aren’t going to find yourself with penalty points on your licence and a large fine if you don’t join the AA or Green Flag, but you are taking a risk.

And judging by the cars I saw it doesn’t seem to matter if you drive something worth £500, £5000 or £50,000

Now, imagine your car has a known problem that affects 71% of the models like yours and one which makes them very likely to break down? What’s more, there’s a 50% chance if that car were to break down and couldn’t be fixed in less than 10 minutes then that was it!

It couldn’t be repaired, it couldn’t be mended and it absolutely couldn’t be replaced.

Despite doing what you can can to avoid it breaking down in the first place, because of the car you drive there is only so much that’s possible. And the more of those same cars you own or drive, the greater the chances of it happening to one of them.

If you knew all of the above, would you pay for breakdown cover or rely on the normal MOT and servicing in hope it doesn’t happen to you? Or perhaps, that if it were to occur then you or those around you will be able to fix it in time?

Published data shows that 71% of all choking deaths in England and Wales occur in those over 65 years of age, and where life threatening choking occurs the mortality rate is over 50% in the same cohort.

If the worst happens, you can always buy a new car.