Depending on the value of your car your options are third party vs. full cover car insurance.
There are two major differences between third party vs. Full cover car insurance; the prices and the level of protection put forward to the driver(s).
Full cover:
This type of policy protects the policy holder against more threats he/she may encounter such as fire, theft, injuries and accidents.
Full cover standard policies are often come with extra incentives that they entice prospective clients with dubbing them extra benefits, such as:
- No claims bonuses: If you spent a certain amount of time without claiming they may give you a cash-back or something as a reward.
- Courtesy cars: When your car has gone for repairs after an accident or is in for a service they may offer you a courtesy car for free.
- Breakdown cover: In case the car breaks down they will offer towing and repair services.
Third party insurance cover:
Third party insurance is required by law; this policy covers repairs to covers injuries and repairs that the policy holder has caused. This policy is ideal for drivers whose cars are of low value in such a way that the repairs may end up costing more than actual car.
Third party may serve as an alternative to full cover especially for drivers that may be in the process of buying a new car in the near future, yet are cautious enough to be aware that although they might be using their low valued for the last few weeks something may still happen like an accident, that can set them back with the new car purchase for a few more months.
