Third party car insurance not cover any collision and theft

Third party car insurance not cover any collision and theft

Insurance require a big chunk out of any driving budget, with young drivers paying over the standard since they are statistically likely to claim. So MoneySupermarket has drawn up a directory of money-saving tips to lowered the cost of cover and let you find more affordable car insurance quotes.

The minimum level of cover you will need to legally be ready to drive on the roads is known as 'Third Party'. It should be the lowest type of insurance but now bizarrely fully comprehensive policies is often more affordable. Do not assuem one costs much less than the other; quote both.

If you're on a limited budget, third party car insurance is the bare minimum level of insurance required by law. This means that compensation will be given to third parties when you cause damage to their car or property. It also covers any legal responsibility for injury to some, as well as your passengers.

Even so, third party car insurance will not cover any damage caused to your car where you are at fault, also it can not cover theft of your car also. That’s exactly where comprehensive car insurance is offered in – it can cover almost everything, such as accident cover irrespective of who is responsible, theft and fire damage, and helpful extras for instance towing after an accident including a replacement car while yours is being fixed up, relying on the car insurance provider and policy.