What is Comprehensive and Third Party Insurance Cover?
Third party insurance cover or Comprehensive car insurance – which is best for you?
Car insurance can be expensive for young and first time drivers, and for a very good reason. When you’re inexperienced behind the wheel, it’s easy to make mistakes. You may also be lacking in confidence. And while this is perfectly understandable, it does mean you’re more likely to have an accident in your first year of driving than at any other point in your life as a driver.
Long story short: Young and first time drivers are considered high risk drivers. Because it’s statistically more likely that you’ll be involved in an accident, you’ve often no choice but to pay higher insurance premiums than other more experienced drivers.
There’s plenty of things you can do to lower the amount you pay, though. You can drive a car from insurance category 1-3, for example, or take the government’s Pass Plus scheme. But in their search for cheaper car insurance, many young and first time drivers look to alternative types of cover.
Let’s take a look at some of the options you have available.
What is Third Party Insurance Cover?
It’s illegal to drive a car without some form of car insurance, and third party insurance is the minimal legal level of cover you can get.
Third party cover is designed to ensure that, if any driver suffers a road accident that isn’t their fault, they’ll be properly compensated for all injuries and damages.
So what does third party insurance cover?
It covers you against claims of damages and losses suffered by a third party – that is, the driver who is not the insured. You’ll be responsible for covering your own damages and losses, regardless of their cause.
What does this mean? Basically, if you’re involved in an accident, your insurance will cover losses to any third party vehicles and property, but not your own. Any damages to your own car will not be covered.
Third party insurance will not cover you if your car is stolen, or destroyed or damaged by fire. Some insurers offer third party insurance with added fire and theft coverage. This will cover you for a replacement car if you’re car’s stolen, and for any damage that happens as a result of fire, or an attempted theft.
But even in this case, in the event of a collision or accident, you’ll still have to cover all damages to your own property yourself.
What are the Benefits of Third Party Insurance Cover?
So if it’s so limited, why does anyone choose third party insurance cover? Simply because, as the absolute bare minimum form of car insurance available, third party insurance used to be a good alternative for anyone looking to save money on their car insurance.
The problem is, quite a few young and first time drivers started buying third party car insurance for this very reason. And as we outlined above, inexperienced drivers tend to be involved in more accidents than any other group. This has resulted in an unfortunate situation: so many inexperienced drivers took out third party cover and made claims that many insurance companies raised the price of their premiums.
If you shop around a few different insurers, you might still be able to make a saving on third party insurance. But ask yourself this: If you’re involved in an accident, will you be able to afford all possible repairs for your car? And will you be able to cope with taking time off work should you need to recover after an injury?
It’s quite the risk to take! Even if you find a third party insurance policy for cheap, it might still cost you more in the long run.
This is why almost every driver should consider foregoing third party car insurance and instead choose a comprehensive car insurance policy.
What is Comprehensive Car Insurance?
If you’re involved in a collision or an accident, comprehensive car insurance can cover you for everything, regardless of who is at fault.
The premium you pay depends on a number of factors, including the type of car you’re insuring, your age, and the amount of time you’ve been driving. But for young and first time drivers, comprehensive car insurance policies are often considerably cheaper than third party insurance policies.
And all this is to say nothing of how much comprehensive insurance could save you in the long run. Think about how much it could cost to repair your car in the event of an accident. With third party insurance, you’d have to foot the bill yourself. With comprehensive cover, you wouldn’t have to worry about a thing.
Choose Comprehensive Car Insurance From a Company That Understands Your Needs
At Go Girl, we’re committed to giving drivers like you the cover you need at a price you can afford.
Our comprehensive car insurance policies include:
- A free courtesy car while your car’s being repaired
- Personal accident cover
- Windscreen cover
- Handbag and personal belongings cover
We also have an uninsured driver promise – if you’re hit by an uninsured driver, you can make a claim without affecting your No Claim Discount. And as an optional extra, you can add RAC breakdown cover to your policy.
You can get a quote and buy online in minutes, and our UK-based claims team are on-call 24/7 should you ever need to make a claim.