What Type Of Car Insurance Do You Need?
February 12, 2008
Car insurance is a compulsory form of insurance cover in the UK for any driver, and this type of insurance is designed to protect other parties who may suffer loss, damage, or injury as the result of an accident that was your fault. This insurance also protects your vehicle against certain things depending on the level of cover that you take out. There are different types of car insurance cover, and you can select the one that best fits in with your needs and pocket.
The three main types of car insurance cover include third party only cover, third party, fire and theft cover, and fully comprehensive cover. The cost of the cover will vary based on the level of insurance that you select, and the amount of protection offered also depends on the level of cover that you decide to opt for. In all cases third parties that suffer loss, injury, or damage as the result of an accident that was your fault will be covered.
With third party cover the only cover provided is for third parties that may suffer loss, damage, or injury in an accident where you were at fault. This is the most basic type of car insurance cover, and the cheapest. Third party, fire, and theft cover provides cover for third parties, and also for your car in the event that it is damaged in a fire or is stolen. This level of cover is very popular, and is slightly more expensive than third party only. Fully comprehensive cover is the highest level of cover, and offers all of the above benefits, as well as paying for damage to your car even if the accident was your fault, although this is subject to any excess that you have on the policy.
There are extras often offered with insurance policies depending on the provider, usually at an extra cost. This includes things like legal cover, personal injury cover, and breakdown cover. The amount that you pay for your cover will also depend on your vehicle, your age, your sex, your profession, where you live, where the car is parked, and any past claims or convictions for motoring offences.
Most car insurance providers will allow you to pay in monthly instalments for your cover if you wish to do so, although many will charge interest for doing this. In order to find cheap cover, no matter what level of car insurance cover you are looking for, you need to compare cover from a number of lenders and get a minimum of three quotes. The cost of cover for the same person and the same car can vary dramatically from one insurer to another, so by failing to compare policies and deals you could end up losing out on some big savings.
As with any insurance policy you should check the small print on your insurance cover, as this will enable you to check on any restrictions and exclusions, and to see whether you have any other benefit such as a courtesy car if your car is off the road due to theft or damage.
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