Third Party Car Insurance

When deciding what type of car insurance to buy for your car there are a few options that you should consider. There are three main types of car insurance that are available to the motorist which include third party car insurance, third party fire and theft car insurance and fully comprehensive car insurance. This is the first in a series of three articles that will explain all three types of car insurance to you so that you are well educated in making the decision as to which one is right for you.

Third party car insurance is the most basic car insurance you can have on a car and is the legal minimum for a motorist on the UK roads. Being the most basic type of car insurance available third party car insurance gives you the least cover in the event of theft or accident. However due to the fact that this type of car insurance offers the least cover it can work out to be the cheapest option available to a motorist.

Third party car insurance is not highly recommended by car insurance companies due to the fact that it offers a very limited cover to a driver. Third party car insurance basically only covers the policy holder in the event of theft of the vehicle. In the event of an accident this type of car insurance only covers other vehicles involved in the accident. This means that any repair costs entailed for your vehicle would have to be settled out of your own pocket. The table below gives a summary of what is covered under a third party car insurance policy.

As you can see from the table above third party car insurance covers the policy holder for very little. Although it may be the cheapest legal car insurance requirement in the event of accident or fire the policy holder can find them selves with a very costly repair bill or faced with the entire cost of replacing their vehicle if the machine is written off.

Although not highly recommended by insurance companies this policy may suit an individual with a very inexpensive vehicle that is only used on a very infrequent basis.