Car-Insurance-UK-Supermarket.co.uk
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Third Party Motor Insurance from the Car Insurance UK SupermarketThird party motor insurance can be a slightly cheaper option than comprehensive cover which is sometimes attractive to the owner of an older car, particularly where that car has little value. Clearly where your car is worth less than your excess, you won't get any compensation for it from your insurer if it is written off. Is this sufficient reason to take out third party motor insurance instead of fully comprehensive cover for a low value car?No. While third party motor insurance also covers you where your vehicle is involved in a fire (eg. from an electrical fault) or it is stolen, these are still not sufficient reasons to accept third party motor insurance only. That is because any longterm loss of earnings due to any injuries you sustain is not covered and nor are those of any of your passangers. Clearly, if you were not at fault for the accident, then you should be able to settle these costs with the other party's insurer but where that party is one of over a million in this country that are uninsured, or you were responsible for the accident yourself, you wouldn't be able to do so and therefore you would be vulnerable to this risk if you choose third party motor insurance only even where you are not responsible for the accident. Third party motor insurance is only available direct from a motor insurance company. You can't get it via a price comparison system. As a result, you can often get a fully comprehensive policy for less than a third party motor insurance policy that you obtained direct if you choose to compare car insurance through a price comparison site. As third party motor insurance cover is usually fairly close in price to a fully comprehensive policy, it does beg the question whether considering it at all in the first place is wise, in the light of the above risks. Generally, in fact, we tend to advise our site users to go direct to quality insurers as there are certain risks to going for very budget car insurance every time, risks we explore in other articles on this site. If there is ever a situation where third party motor insurance is justified, which we would dispute, it would be in the case of the low value car that is used infrequently in a more rural location. As outlined above, third party motor insurance cover can usually be undercut in price with a fully comprehensive policy anyway; so why take the risk? |
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