Third Party Car Insurance

Car insurance in the UK can be quite expensive depending on the type of vehicle, driving record, location, and the policy that you choose. For those who are on a budget, the third party is the type of car insurance that is a very attractive option.

What is Third Party Car Insurance?

Third Party Liability Car InsuranceThis is the minimum level of car insurance coverage, the basic policy that is required by law. It is designed to protect other people, property, and vehicles in case you cause an accident. For example, if you rear-end another vehicle which causes physical damage to the bumper and send the occupant to the hospital, third party insurance will cover the cost of the damage and medical expenses as well.

This type of policy does not cover any injuries that you suffer or damage to your vehicle or property. However, most insurance companies that offer this type of coverage will include fire and theft as well. This means that your vehicle is covered in case it is stolen or damaged by fire.

How Much Can You Save?

The answer depends on quite a number of factors that include your vehicle, driving record, age, gender, where you live, the company where you get the policy and so forth. While there is no set or average price, many people will save upwards of 20% to 30% compared to comprehensive coverage and perhaps more depending on some circumstances.

However, depending on the vehicle you drive and your age and gender, it is possible that this type of insurance will not be significantly cheaper. You will need to visit different websites and gather a few free car insurance quotes that cover third party as well as comprehensive so that you can see the difference.

Additional Discounts:

You can also take advantage of discounts that many insurance companies offer, particularly if you are young and have a high premium rate.

  • Higher deductible
  • Taking a recognized driver safety course
  • Bundling the insurance with other policies
  • Purchasing the insurance for the entire year

By taking advantage of discounts, you can save even more money when purchasing this type of policy.

Is Third Party Liability Insurance Right for You?

The benefits of paying less for car insurance are considerable, but they must be balanced with your particular needs. The downside of having a third party insurance policy includes, but is not limited to the following;

–    No coverage for your vehicle or medical expenses
–    Pay for replacement vehicle if yours is totaled
–    No windscreen cover

Plus, if you took out a loan to help pay for your vehicle, the lender may require that you carry comprehensive insurance to protect the car or truck itself. Even if you purchase the vehicle outright, an expensive model that costs a considerable amount to repair would need comprehensive coverage.

However, if you drive an older, inexpensive vehicle that is relatively cheap to make reparation, then third party insurance for car or truck is probably the right choice.

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