Many people apply for insurance, briefly scan the terms and conditions, and assume they're cleared to drive their car, their neighbour's car or even their wife's car.

In many instances this isn't the case and you can quickly end up in a situation where your insurance is invalidated and you're facing a hefty bill, penalty or worse. So what can invalidate your insurance?

When it comes to renewing a policy, far too often motorists overlook a couple of key points which may end up costing them financially. In many cases motorists either choose to renew their policy with their current insurer automatically or they compare one or two insurers and go with the cheapest option.

Motorists choosing to do either of the above are likely to miss out