When arranging car insurance there are three levels of cover – fully comprehensive, third party fire and theft and third party insurance. It is commonly felt by a large percentage of motorists that the cheapest level of cover is third party and the next cheapest is third party fire and theft. Many people are under the impression that fully comprehensive cover is the most expensive to arrange.
In fact, you may be presently surprised to read that in a number of instances comprehensive cover is actually less expensive. So, why may this be the case?
Well, research has revealed that some people taking out comprehensive cover are less likely to be involved in a road traffic accident than someone who has third party fire and theft cover or third party car insurance in place. Therefore, as the risk is lower in some cases for motorists who have comprehensive cover then the premium may well be cheaper.
Of course, this is particularly interesting as comprehensive insurance provides a greater level of cover than the other two. For instance, comprehensive cover insures your own vehicle should it be damaged in a road traffic accident should you be at fault or should it be stolen. With third party fire and theft you are only covered for damage to other vehicles, property and other people as well as the theft of your own car. With third party cover you are only covered for damage or injury to other vehicles, property and other people.
It could be to your advantage to shop around for your motor insurance as there are so many companies providing such cover. You could use a price comparison website although do remember that not all car insurance companies use such sites as they only deal direct with the public. You could also get in touch with an insurance broker who has access to an extensive panel of insurers.