Sometimes we need to make a choice between which insurance policy to take out and what they have to offer. Insurance cover can vary from company to company and at times it may not be wise to automatically go for the cheapest option. Below is an overview and explanation of the differences between car insurance cover. Insurance companies vary in regard to what their policy contains, so finding someone who can be honest and straight forward with their answers should always be your first port of call.
Fully comprehensive cover
This is as it implies the most comprehensive form of cover. If yo your car to be covered for most possible events and accidents, then this is the cover you will require. This will protect you against damage to a third party vehicle, damage to another person’s property and injury incurred to a third party if you are responsible. This cover will also offer protection to yourself and your vehicle should you be involved in an accident where you are at fault. Bear in mind that an insurance company cannot possibly be expected to cover every single eventuality and terms and conditions will need to be understood. Your insurance broker should be willing to go over this with you and make it perfectly clear. Some comprehensive insurance policies offer the option of a courtesy car should you require one, but will not cover you for general wear and tear to your own car. Should a claim be made then the agreed excess on the policy will need to be paid out of your own pocket. Sometimes a higher excess can be agreed to reduce the costs.
Third party cover
It is a legal requirement to have at least third party insurance cover when driving on a road in the UK. This protects other road users from incurring out of pocket expenses if an accident is deemed to be your fault. It does not however cover your own car and any damage caused to it from the accident. It will also protect you, should someone become injured or even die from an incident that is from your mistakes. It will not protect you for any theft of your car or fire caused by electrical faults etc… This is the cheapest policy to purchase, but also the gives least in return.
Third party fire and theft
Third party fire and theft will cover the damage to other peoples cars, to other persons and passengers in the car, fire, and if the vehicle is stolen. It will not however cover yourself or your car if your fault. It is slightly more expensive than just third party insurance, but mostly worth the extra cost.
The differences between car insurance cover can vary from the price, to what it offers and the service provided by the broker. Always choose a company who is willing to talk you through the choices of policies on offer and the cover that is essential.