While we all moan and groan about finding the right policy and the cost of motor insurance, if you want to drive legally on the roads in the UK then you have to take out car insurance, so you literally have no choice but to buy it! However, the good news is that it can be a quick and easy process and you can save money when comparing quotes online for car insurance.
Forgetting the legal implications, without a motor insurance policy to fall back on, you could stand to lose everything if your car was written off in an accident. You would also have to pay out for repairs out of your own pocket and other things such as medical costs and legal assistance would not be paid for you. That is why comparing quotes online for car insurance is so important.
There are three main types of motor insurance; fully comprehensive (also known as ‘fully comp’); third party, fir and theft; and, third party only.
Fully comprehensive is the all singing all dancing cover for cars, offering what it says in the tin comprehensive cover. Because of the maximum amount of coverage offered, it will obviously cost the most. Fire, damage or a replacement car could be claimed for, so could the cost of repairs for your car and any third party’s. Fully comp would provide cover against a range of eventualities which will often include legal and medical costs.
Third party only on the other hand offers the most basic of cover and while it is a cheaper way to insure your motor, it offers you and your vehicle no protection whatsoever, only paying out for any damage you cause to another car or person.
Third party fire and theft (TPFT cover) gives some security for yourself and is in the middle, price wise. It will pay out for any damage you cause to a third party or their property as well as if your vehicle is stolen or is damaged by fire. As with third party cover only, any damage caused by you to your motor car will not be covered.
As with all purchases in life, the price of your car insurance premiums can vary and so do the small print, so always compare both online with the help of a specialist website who can gather you quotes together for comparison.
There are ways that you can pay less for your insurance, too:
• The more you pay for your excess the cheaper the premiums will be. The excess is the amount you pay before the policy company pays out;
• If your car is harder to steal then the cost of the policy can be kept down. You can do this easily by fitting a lock to the steering wheel of the car and selecting to keep it locked up overnight;
• If you just stay with the policy provider year after year you could well be paying over the odds for the premiums. Always compare policy when it becomes renewable.
Finally, when comparing online for car insurance, look to see how many extras are thrown with the cover as some will offer additional benefits for free to entice you buy their cover.
David Thomson is Chief Executive of BestDealInsurance (http://www.bestdealinsurance.co.uk) an independent specialist broker dedicated to providing their clients with the best deal on their home, motor and life insurance.
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