Do I need Fully Comprehensive Car Insurance?
Do I need Fully Comprehensive Car Insurance?
As the title would suggest, fully comprehensive car insurance is the highest level of cover you can get for your vehicle. However, that doesn't necessarily mean that it is the best option for everybody.
With added cover comes extra cost. Your comprehensive car insurance policy will include a lot more than basic third party cover. This might include legal costs, breakdown recovery, windscreen cover and all repairs. Essentially, it is a policy that should cover just about any eventuality a car owner could face - albeit with an excess on top.
However, if you're looking to buy on a budget, then comprehensive cover might prove to be a little out of reach. This is particularly true for anybody who has made a claim recently, has got driving convictions against them or is a relatively new driver. All of these will count against you when an insurer compiles a risk assessment, this will then be converted into added cost when you get a quote.
If you find that you are being priced out of comprehensive car insurance don't panic. There are other options available to you.
For instance, the most basic form of cover is third party insurance. This will usually be significantly cheaper and for good reason too. Third party is so named because it simply covers other vehicles in the event that you are involved in a collision with them. Therefore you are solely responsible for your car and any repairs it may require.
Clearly third party car insurance won't suit everybody though. If you've got an expensive sports car or prized classic, you don't want to be left footing the bill if you have a scrape. When it could end up costing you thousands of pounds in repairs or to replace your vehicle in the event of a complete write off, comprehensive car insurance is really the only option.
The policy amount is increased for a reason. Because you pay more annually, you are covered against far more eventualities. Therefore if you have a tyre blowout on the motorway and end up on the central reservation, you won't be left stranded - literally or financially.
There are lots of uncertainties associated with driving. Whilst we always hope that there will never be any issues, sometimes things that are completely out of our own control create a situation where a claim is required. If you find yourself in this position, the last thing you want is a bill for hundreds of pounds and a car that simply cannot be driven.
If you can't afford fully comprehensive car insurance, then there's no reason to stretch your finances to pay for it. There are cheaper alternatives available, such as the aforementioned third party as well as third party, fire and theft. This will at least mean that you are within the parameters of the law, even if you do have to sacrifice a few areas of coverage.
Equally, if you have a car that has a limited value, paying half of this total value each year on insurance might be seen as excessive. As with new drivers and those on a strict budget, exploring the alternatives to fully comprehensive car insurance might well prove to be far more beneficial. You can only ever receive the market value of your vehicle when any claim is made, therefore it would be prudent to do a few calculations before committing to any form of insurance policy.
So whatever your circumstances, there should be a car insurance policy to suit. This won't always necessarily be fully comprehensive though. Whilst this will give you the best possible coverage level, the associated costs often push it out of the realms of possibility for many drivers. So if cost is going to be a major factor in your decision process, it's probably not going to be the right option for you. However, there are cheaper alternatives so you can still find a decent policy with a competitive quote to keep you driving legally. Is It Just As Easy To Get Auto Insurance In Toronto As It Is Anyplace Else? Advantages of Buying Car Insurance Online Massage Therapy For Patients Of Repetitive Stress Injury In Anonka County, Minneapolis, St Paul Mn Classic Car Insurance Company The Rights Of Undocumented Immigrant Workers Injured On The Job Make More Money With Trained Auto Detailers Car insurance policy, does it have to be very expensive, what are my options? Bank Owned Used Work Truck, Trucks Specials for Sale, Wholesale Pricing Workers Compensation Act: Have You Been Injured? Many advantages of autoclaves Car Rental Insurance 101: Things To Know About Insurance Coverage When Renting A Car Why Preventative Auto Maintenance Will Save You Money Learning More About Work-related Injuries