subject: What Different Types of Car Insurance are Available? [print this page] What Different Types of Car Insurance are Available?
Car insurance is a surprisingly diverse field. You might just think that it's all just the same thing - you go online, fill in your details and get covered - but there are actually a number of individual options available to the modern motorist. Here we'll take a look at a few of those options and find which one will work best for you.
Car Insurance for Student Drivers
When you're a student, money is often difficult to come by. Running a car as we all know isn't cheap. There's tax, fuel and of course the insurance to cover. Due to the age of most students and their subsequent inexperience in driving, students are often subject to significantly higher policy charges. This in turn can make driving a financial impossibility.
However, with student car insurance you can enjoy beneficial rates that will make covering your vehicle far less prohibitive. Specialist insurers have recognised that many young people are being priced out of the market and have now decided to offer this special kind of insurance to help keep them motoring.
Eco Car Insurance
Whilst driving might not be the most environmentally pursuit around, there's plenty that you can do to improve your green credentials. Eco car insurance for instance is a great way to get full cover for your vehicle and give something back to the environment.
These policies will generally be run by carbon neutral companies and will include a charitable donation to an environmental charity or an offer to offset your vehicle's carbon emissions. They may be a little more expensive than most standard insurance policies, but it will provide you with the peace of mind that comes with knowing that you have done a little to help mother earth.
Over 50 Car Insurance
With age comes experience. So when you reach 50 it is only right that your years on the road are rewarded with an insurance policy that is cheaper. Many providers offer specialist insurance cover for drivers over 50 that should help you to save money. Look out for the best deals online.
Third Party Insurance
If you want to get the most basic form of legal cover for your car then may I suggest third party insurance. It will only cover you in the event that you are involved in a collision, therefore if it were to be stolen, unexpectedly combust or be damaged overnight, you'd not see a penny.
This is usually only recommended for young drivers or those who have vehicles of a low value. If you have a brand new high-end sports car you would certainly not want to have insurance that won't cover even the most basic damage. But if you want to save money on your annual policy, then third party insurance is perfect.
Fully Comprehensive Insurance
For those who want to have coverage for every eventuality fully comprehensive car insurance is a must. You will have to pay a fair amount for the privilege, particularly in relation to just third party cover, but that extra cost brings with it peace of mind.
Policies can vary a great deal from insurer to insurer, but fully comprehensive insurance should include legal cover, accidental damage and even breakdown cover if you are very lucky. It may also allow you to drive other vehicles and be fully insured.
New/Young Driver Cover
As mentioned previously in the student insurance section, new drivers get something of a bad deal when trying to buy insurance. Companies don't know whether they can be trusted as they have no discernable driving history and are part of an age group that is considered to be the most risky.
This risk then transfers to higher premiums and young drivers have to foot the bill. But insurance companies are aware that many new drivers aren't all boy racers and are able to provide specialist third party cover for younger motorists. It's well worth taking a look around and seeing what is available and getting a few quotes to see how low you can get your insurance.
Female Driver Cover
Female motorists are statistically safer than their male counterparts. This added safety significantly reduces their risk-factor in the eyes of insurance providers and therefore ladies are able to get a much better deal when it comes to getting covered. So if you're a woman looking for insurance, keep an eye out for those who offer it specifically for female drivers. They won't necessarily always be cheaper though, so don't be afraid to go elsewhere to get a better deal.
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