Are you confused about car insurance? There are so many different offers and options to choose from that it’s easy to get lost when looking for the right policy for you. However, once you understand the basics, car insurance becomes far simpler. You’ll be able to make the right choice based on your requirements.
Let’s start by looking at the different types of car insurance.
There are three types of car insurance that you can choose. They are:
By exploring each in-turn, you’ll be able to see which one is right for you.
Providing the least amount of legal coverage this option can be the cheapest but, as we’re about to discover that’s not always the case. This is the minimum level of insurance required by law. The simple way to look at third party is that it covers damages to anyone other than you who suffers a loss due to an incident involving your vehicle. This could be their health or their property. So, if you are involved in an accident that you caused, your insurance covers the other driver’s costs and any costs your passengers sustain. The only person not covered is you.
It also doesn’t cover the cost of your car being stolen or damaged by fire. That brings us to the next option.
With this insurance cover, you get the third party cover, and on top of that, you’re also covered if the car is stolen or if the car is damaged by fire. Usually, this will be the second least expensive option on the market.
With fully comprehensive you get the highest level of coverage. You can make sure that if the vehicle is damaged your policy will cover it. This will mean that you can get coverage for repairs whether your vehicle was damaged in an accident, in a fire or even if it was stolen. It’s far more extensive than third party insurance as well as third party fire and theft. This is why most people assume that it is going to be a lot more expensive, but actually it isn’t.
These days, comprehensive car insurance is actually the cheapest possibility on the market averaging £592 a year. The reason for this is that a number of young drivers have favoured the less extensive insurance options. Since young drivers are also more likely to crash, this has put the cost through the roof and on average meant they are far more expensive than comprehensive policies.
You can get a great range of benefits with fully comprehensive car insurance too because policies can allow you to drive another vehicle. That’s certainly useful if you find yourself needing to take the wheel of another car for whatever reason. As well as this, you might even be insured to drive in another country, a perk if you’re away on holiday.
A lot of people assume that all comprehensive car insurance policies are the same and provide the same benefits. However, policies will differ from company to company so make sure that you read the coverage terms and conditions in full, ensuring that you have found the right policy for you.
We hope this has helped clear things up for you in the world of car insurance. If you’re in need of any more information regarding car insurance or even insurance information for learner drivers, get in touch with us today.