Third party car insurance not insure any damage and theft

Third party car insurance not insure any damage and theft

Insurance can take an enormous portion out of any driving budget, with young drivers paying greater than the regular as they are statistically very likely to claim. So MoneySupermarket has drawn up a list of money-saving tips to lowered the cost of cover and help you find more affordable car insurance quotes.

The minimum level of cover you will need to legally be able to drive on the roads is named 'Third Party'. It used to be the most inexpensive type of insurance cover but these days bizarrely fully comprehensive policies can often be less expensive. Never ever assuem one costs less than the other; quote both.

If you're on a limited budget, third party car insurance is the bare minimum level of auto insurance required by law. It implies that compensation are going to be given to third parties should you cause damage to their vehicle or property. It also covers any legal responsibility for injury to the rest, as well as your passengers.

But, third party car insurance is unable to cover any damage caused to your car where you are at fault, and it will not cover theft of your car as well. That’s in which comprehensive car insurance comes in – it can cover anything, such as accident cover despite who is at fault, theft and fire damage, and helpful extras such as towing after an accident as well as a replacement car while yours is being fixed up, relying on the car insurance provider and policy.