While insurance companies will cover scratch and dent repairs, their excess fees are often equivalent to the cost of a repair. What’s more when you claim through your main insurer, you might lose your no claims bonus and you could see future insurance premiums increase.

Cosmetic insurance is designed to provide a more cost-effective way to cover minor damage repairs. For a modest monthly premium you can avoid “excess fees” through your main insurer, preserving your no claims bonus and reducing the risk that future premiums will increase.

Whether you caused the damage or were an innocent bystander, cosmetic repair insurance will cover the cost of repairs. Depending on the type of car you own, it typically cost around £7 to 8 per month. If you take out a longer period of cover, say three years rather than one, the monthly cost of your premium will likely decrease.