Car insurance is something that we just have to get, but this doesn't mean that you need to pay a fortune for it. When you are searching for a car insurance policy it's important that you understand it.
There are three main types of insurance and they are fully comprehensive, third party fire and theft and third party only. So how do you know which one you need, and which one you don't.
Third party fire and theft is going to insure your car against people filing claims against you if you were ever in an accident, as well as cover your car if it was stolen, damaged, or destroyed by fire. The bad thing about this is if the accident was your fault then your vehicle will not be covered.
Fully comprehensive is going to cover you for everything that third party fire and theft will cover, but it will also cover your personal belongings, medical expenses, as well as personal accident cover. So you and your vehicle are fully covered whether it was your fault or not. You would generally get this coverage if your car is worth over £5,000.
Third party only is going to cover you against claims made by others only. This is very basic coverage so it is going to be the cheapest, but this type of coverage is not generally the way to go.
The best way to find out which coverage is going to suit your car and your situation the best is by talking with an insurance broker.
