Third party car insurance not cover any collision and theft

Third party car insurance not cover any collision and theft

Insurance takes a large amount of any driving budget, with young drivers paying above what the normal since they are statistically likely to claim. So MoneySupermarket has drawn up best money-saving tips to lowered the cost of cover and help you find more affordable car insurance quotes.

The minimum level of cover you want to legally manage to drive on the roads is termed 'Third Party'. It should be the cheapest type of insurance but now bizarrely fully comprehensive policies can sometimes be less expensive. Never assuem one costs lower than the other; quote both.

In case you're on a tight budget, third party car insurance is the bare minimum level of insurance required by law. It means that compensation is usually available to third parties if you cause damage to their vehicle or perhaps property. It also covers any liability for injury to other people, including your passengers.

But, third party car insurance does not cover any damage caused to your car where you are at fault, also it will not cover theft of your car too. That’s exactly where comprehensive car insurance is offered in – it can cover everything, for example accident cover regardless of who is in the wrong, theft and fire damage, and helpful extras such as towing after an accident and a replacement car while yours is being fixed up, depending on the car insurance provider and policy.