Having a car makes life more convenient in so many ways. However, if you don’t take the necessary measures to protect your vehicle, it could end up costing you more than anticipated.
Car insurance protects you from paying through the nose for repairs often caused outside of your control. Most car owners know that you can choose between comprehensive car insurance and third-party car insurance, but if asked, could you explain the difference between the two? In this article, Auto and General will explain the key differences and benefits of both.
H2: What is full comprehensive car insurance?
Comprehensive car insurance covers the costs accrued from almost every financial eventuality a person could face involving their car.
Your insurance provider will cover you and your car in the following situations:
- In the immediate aftermath of an accident, fully comp plans will pay for your car to be towed to and stored safely and securely until it is assessed.
- Your insurance provider will also arrange for a hire car to be delivered to you so that you can continue with your day to day life.
- In the unfortunate event that your vehicle is written off or stolen, the insurer will issue a replacement vehicle.
- If the incident involving your vehicle results in someone dying or getting injured or another person’s property is damaged, you’re covered against any claims made against you.
- Last but not least, repair costs due to accidents caused by you or the weather will also be covered.
H2: What is third-party car insurance?
Third-party car insurance is more basic and offers the minimum level of coverage. It only covers you for the costs accrued from damaging another person’s car or property.
This means that if you’re in an accident and your vehicle is damaged when it crashes into another car, the driver of the other vehicle can claim against your insurance. The insurer will cover the costs for repairs or replace their car if it’s a write-off. You will need to pay for your own vehicle to be fixed or replaced. You also won’t recieve anything if your windscreen is damaged due to a hailstorm or if your car is stolen.
H2: What’s the difference between comprehensive and third-party insurance?
One comes with the most coverage and the other, the least. This is also reflected in the cost, so expect to pay less for third-party vs fully comp. Comprehensive car insurance also offers additional benefits whereas third party does not.
It’s important to note that, when it comes to car insurance, there are some things that the majority of insurers won’t cover, regardless of what level of insurance you’ve invested in.
