There are several legal requirements when it comes to owning and operating a vehicle, and one of those is having car insurance. Now, there are a few different levels of coverage to consider when it comes to choosing your insurance policy. The right level of coverage for you will depend on a few different factors, predominantly your budget and the value of the car. Keep reading to learn more.
Third-party only is the lowest form of car insurance coverage you can legally have. It represents the most basic coverage; as you could probably guess from the name, the third party only, covers injuries or damage done to third parties. This means other people, be they in another vehicle, pedestrians, passengers in your vehicle or animals. You are also covered for any damage done to another person’s property. You are also covered for any accidents caused by a named driver on the policy or a passenger in the vehicle.
Third Party, Fire & Theft
The next level of coverage is third-party, fire and theft, which is essentially the same as third-party-only coverage with a few additional benefits. In addition to being covered for all of the above, under this level of coverage, you are also protected should the car be damaged by a fire, an attempted theft or if vehicle is stolen. You are not necessarily covered if these events are your fault.
The highest level of car insurance coverage that you can expect to find in the UK is fully comprehensive. In addition to being covered for all of the above, you are also covered for any damage incurred to you or your car, regardless of who is at fault during the accident. Depending on the policy, you might also find that your windscreen and contents are covered. This level of coverage is often the most expensive, but if your car is expensive or you would struggle to replace or fix the damage, then it does make sense.
Choosing the Right Level of Coverage
When it comes to choosing the right level of coverage, it depends entirely on you and your personal circumstances. You will need to consider the price of the vehicle, your usage and where you live or work. Make sure to do your research when it comes to choosing the right policy. Luckily, there are a lot of providers to choose from today; in order to narrow down your choices, you might want to think more about what you are looking for from your provider. You can even begin to look for insurance depending on a number of factors, like your age or gender. You can even find insurance specific to your car manufacturer, like Vauxhall car insurance from Quotezone. If you’d like to know more on what factors are at play in determining your insurance costs, check out this helpful guide.
In The End
The level of coverage that you choose comes down to you. Remember that the policy details can differ between providers too, which is why you should always read the small print before you agree. Realistically, fully comprehensive will be the best option for most drivers unless your circumstances say different.