Comprehensive cover<\/h4>- 25-year-old, top 5 quote range: \u00a3651-\u00a3758<\/li>
- 40-year-old, top 5 quote range: \u00a3509-\u00a3563<\/li><\/ul>
<\/ul><\/ul><\/div>Third party cover<\/h4>- 25-year-old, top 5 quote range: \u00a3726-\u00a3900<\/li>
- 40-year-old, top 5 quote range: \u00a3595-\u00a3670<\/li><\/ul><\/div><\/div><\/div><\/article>
Are there any other levels of cover?<\/h3>
Yes, there is a middle ground between third party and comprehensive cover: third party, fire and theft insurance<\/a>. As with third party insurance, you’ll be covered if you cause damage or injury to someone else, their car, or their property. It also pays out if your car is stolen or damaged by fire.<\/p>You still won’t be covered for damage to your car following an accident you caused. For that, you need comprehensive insurance<\/a>.<\/p>What level of car insurance cover should I choose?<\/h3>
Ultimately, it’s up to you. Your age and driving experience, the car you drive, where you live and many other factors will all play a part.<\/p>
But you certainly shouldn’t make a decision without checking all your options. If you assume you’ll be better off with third party insurance and don’t even bother getting a comprehensive quote, you could end up paying more for a lower level of cover.<\/p>
How can I save on my car insurance?<\/h3>
Some factors that influence your premiums, such as age, are outside of your control. But regardless of the level of cover you choose, there are plenty of tactics you can use to cut the cost of car insurance. Here are just a few:<\/p>
- Shop around.<\/strong> Different insurers will assess risks differently and tailor their quotes accordingly. Even if a specific car insurer has been a great choice for years, it doesn’t mean they will always be. Always compare car insurance<\/a> when it’s time to renew.<\/li>
- Up your security.<\/strong> Either on the car itself \u2013 for example, by fitting an alarm \u2013 or by parking your car in a more secure spot.<\/li>
- Pay annually.<\/strong> If you can afford it, this will usually be cheaper than paying monthly, which will incur extra interest charges.<\/li>
- Increase the voluntary excess.<\/strong> A higher excess<\/a> usually results in a lower premium, and vice versa. Just make sure it’s not set so high that you can’t afford it in the event of a claim.<\/li>
- Consider “black box” insurance.<\/strong> Officially known as telematics insurance<\/a>, this tracks your driving habits and rewards safe, careful drivers (but watch out, it might penalise less careful driving).<\/li><\/ul>
Pros and cons of comprehensive insurance<\/h3>Pros<\/h4>- Your own car is covered if you cause an accident.<\/li>
- Many policies cover your own medical costs following an accident.<\/li>
- Get protected against theft plus fire and weather damage.<\/li><\/ul><\/div><\/div>
Cons<\/h4>- Sometimes, though not always, it’s more expensive than third party cover.<\/li>
- There are some exclusions, such as using your car for business purposes.<\/li><\/ul><\/div><\/div><\/div>
Pros and cons of third party insurance<\/h3>Pros<\/h4>- It may be cheaper than comprehensive cover, though not always.<\/li>
- May be the most cost-effective option for an old banger that’s cheap to repair.<\/li>
- Covers injury to third parties and damage to their vehicles and property.<\/li><\/ul><\/div><\/div>
Cons<\/h4>- Much more limited cover than comprehensive insurance.<\/li>
- Risk having to fork out thousands for repairs to your own car following a crash.<\/li>
- No personal cover for medical costs following an accident.<\/li>
- Unlikely to offer support in claiming costs if another driver is at fault in an accident.<\/li><\/ul><\/div><\/div>
Bottom line<\/h3>
Third party insurance is a much more basic level of cover than comprehensive car insurance. It will only cover harm you cause to other people, cars or property, and won’t pay out for any damage to your own car or any medical costs you incur. But contrary to what you might expect, it isn’t always cheaper than comprehensive cover. So don’t automatically choose the third party option when getting a car insurance quote in a bid to save money. In some cases, you’ll get more for less with comprehensive cover.<\/p><\/div>
Frequently asked questions<\/h3>- \n \n
\n
- <\/ul>
- 25-year-old, top 5 quote range: \u00a3726-\u00a3900<\/li>
- 40-year-old, top 5 quote range: \u00a3595-\u00a3670<\/li><\/ul><\/div><\/div><\/div><\/article>
Are there any other levels of cover?<\/h3>
Yes, there is a middle ground between third party and comprehensive cover: third party, fire and theft insurance<\/a>. As with third party insurance, you’ll be covered if you cause damage or injury to someone else, their car, or their property. It also pays out if your car is stolen or damaged by fire.<\/p>
You still won’t be covered for damage to your car following an accident you caused. For that, you need comprehensive insurance<\/a>.<\/p>
What level of car insurance cover should I choose?<\/h3>
Ultimately, it’s up to you. Your age and driving experience, the car you drive, where you live and many other factors will all play a part.<\/p>
But you certainly shouldn’t make a decision without checking all your options. If you assume you’ll be better off with third party insurance and don’t even bother getting a comprehensive quote, you could end up paying more for a lower level of cover.<\/p>
How can I save on my car insurance?<\/h3>
Some factors that influence your premiums, such as age, are outside of your control. But regardless of the level of cover you choose, there are plenty of tactics you can use to cut the cost of car insurance. Here are just a few:<\/p>
- Shop around.<\/strong> Different insurers will assess risks differently and tailor their quotes accordingly. Even if a specific car insurer has been a great choice for years, it doesn’t mean they will always be. Always compare car insurance<\/a> when it’s time to renew.<\/li>
- Up your security.<\/strong> Either on the car itself \u2013 for example, by fitting an alarm \u2013 or by parking your car in a more secure spot.<\/li>
- Pay annually.<\/strong> If you can afford it, this will usually be cheaper than paying monthly, which will incur extra interest charges.<\/li>
- Increase the voluntary excess.<\/strong> A higher excess<\/a> usually results in a lower premium, and vice versa. Just make sure it’s not set so high that you can’t afford it in the event of a claim.<\/li>
- Consider “black box” insurance.<\/strong> Officially known as telematics insurance<\/a>, this tracks your driving habits and rewards safe, careful drivers (but watch out, it might penalise less careful driving).<\/li><\/ul>
Pros and cons of comprehensive insurance<\/h3>
Pros<\/h4>
- Your own car is covered if you cause an accident.<\/li>
- Many policies cover your own medical costs following an accident.<\/li>
- Get protected against theft plus fire and weather damage.<\/li><\/ul><\/div><\/div>
Cons<\/h4>
- Sometimes, though not always, it’s more expensive than third party cover.<\/li>
- There are some exclusions, such as using your car for business purposes.<\/li><\/ul><\/div><\/div><\/div>
Pros and cons of third party insurance<\/h3>
Pros<\/h4>
- It may be cheaper than comprehensive cover, though not always.<\/li>
- May be the most cost-effective option for an old banger that’s cheap to repair.<\/li>
- Covers injury to third parties and damage to their vehicles and property.<\/li><\/ul><\/div><\/div>
Cons<\/h4>
- Much more limited cover than comprehensive insurance.<\/li>
- Risk having to fork out thousands for repairs to your own car following a crash.<\/li>
- No personal cover for medical costs following an accident.<\/li>
- Unlikely to offer support in claiming costs if another driver is at fault in an accident.<\/li><\/ul><\/div><\/div>
Bottom line<\/h3>
Third party insurance is a much more basic level of cover than comprehensive car insurance. It will only cover harm you cause to other people, cars or property, and won’t pay out for any damage to your own car or any medical costs you incur. But contrary to what you might expect, it isn’t always cheaper than comprehensive cover. So don’t automatically choose the third party option when getting a car insurance quote in a bid to save money. In some cases, you’ll get more for less with comprehensive cover.<\/p><\/div>
Frequently asked questions<\/h3>
- \n \n
\n
- \n
- Up your security.<\/strong> Either on the car itself \u2013 for example, by fitting an alarm \u2013 or by parking your car in a more secure spot.<\/li>
- Shop around.<\/strong> Different insurers will assess risks differently and tailor their quotes accordingly. Even if a specific car insurer has been a great choice for years, it doesn’t mean they will always be. Always compare car insurance<\/a> when it’s time to renew.<\/li>
- <\/ul><\/div>