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As with most car insurance policies, there are several different options available for those wishing to insure a car in the United Kingdom. Each policy has its own advantages and disadvantages. You must be covered by a car insurance policy in the UK as it is a legal requirement if you wish to drive on a public road.
It is important to consider your own personal requirements before deciding on what car insurance policy to buy. There are three main car insurance policies available to drivers in the UK, these are third party only, third party fire and theft, and full comprehensive car insurance.
We will look at the three main types of car insurance cover.
Third Party insurance is the most basic level of car insurance that you are required to have when driving on any public road in the United Kingdom.
This low-level cover will ensure that you are sufficiently covered. If an accident does occur, the third-party insurance will pay for any damage caused to the third party vehicle or persons involved, if the accident was your fault. This type of cover will also pay for an injury claim brought against you, or if property was damaged as a direct result of a fault claim. A fault claim means that you are the party at fault who caused the accident.
However, it is worth noting that although this cover will pay for third parties damage, it does not pay for any damage to your vehicle if the crash is your fault. It also doesn’t allow you to claim if your car or vehicle is damaged by fire, or if it was stolen from you. This means that if any of these scenarios do occur, you would have to pay for any repair or replace a stolen vehicle.
It is not unusual for drivers who own a car of little to no market or personal value to insure their car using only a third-party car insurance policy. This is because it will likely be cheaper to repair or replace the vehicle when compared to a more expensive car for example.
Third Party, Fire and Theft car cover is the next level up in terms of car insurance cover offered by insurers in the UK. It provides some additional coverage, but it does not cover you as extensively as a fully comprehensive policy would.
As the car insurance policy name suggests, the protection it offers is similar to Third Party Only cover. However, it also insures you against any damage to your car caused by a fire, or if your car is stolen.
Third Party, Fire and Theft car insurance along with Third Party only policies are usually cheaper than full comprehensive car insurance. If you are involved in an accident that is deemed to be your fault, it will be your responsibility to pay for any damage caused to your vehicle.
The most complete level of car insurance cover you can buy in the UK is called Fully Comprehensive Insurance. If you want to insure yourself for all circumstances, then fully comprehensive cover may be the right car insurance policy for you to consider purchasing. This level of cover will protect you in the event of an accident, regardless of who is at fault. It gives you additional peace of mind. Knowing that if your car is damaged or stolen, your car insurance company will pay for the repairs or replace the vehicle entirely.
Due to the high level of protection offered by fully comprehensive car insurance cover in comparison to lower level cover such as Third Party Only or Third-Party, Fire and Theft, full comprehensive car insurance comes at a much higher price. However, many drivers feel that this is a price worth paying for, as it provides the peace of mind car owners are looking for.
Not all fully comprehensive insurance policies are identical. Ensure you carefully read the policy’s terms and conditions before buying.
Some policies will allow you to drive another vehicle not owned by you on a third-party only basis with the owner’s permission. Other policies may even cover you if you wish to drive your car outside of the UK. Other benefits that may be included within some fully comprehensive insurance policies is complimentary access to a courtesy car if you are involved in an accident, or free breakdown cover.
We strongly recommend that you check what you are and aren’t covered for, and to speak to your insurer if you’re unsure or have any specific questions related to your chosen policy.
It is important for you to weigh up the advantages and disadvantages of each car insurance policy you are considering to ensure you are getting the very best cover you can afford. If you feel that you don’t want or will not make use of the additional features in a policy, check to see if you can remove them and in turn reduce the overall cost.
Once you know what level of cover you require. Use Utility Saving Expert to compare car insurance policies from more than 90 different insurers. It’s quick and simple to get an online quote within minutes, we’ll help you find the best deal.
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