Is It Worth it to Pursue Third Party Insurance?

Insurance cover isn’t just something nice to have anymore. These days, if you’re going to operate a motor vehicle, you will need to make sure that you have the appropriate cover. Third party insurance is the minimum cover that you can have in order to drive your vehicle day to day. Yet so many people select this insurance type without really thinking about what it’s going to cost them in the long run.

You see, third party insurance cover covers the damage to people, objects, or vehicles involved in an accident with you. It doesn’t cover you for anything related to your car, but it does indeed cover you for claims against you in an accident that’s deemed to be your fault.

So how much cover can you request for third party insurance? It depends — you can get coverage for up to twenty million pounds, but it may be costly. The more cover you ask for, the higher your rate is going to be.

Third party insurance is great for people that have a much older vehicle that they can replace on their own. It’s better to pay for a higher level of cover if you can, because you will want to have protection in case your car is damaged in some way. Also, if your vehicle were to ever be stolen, you would not have any recourse under third party insurance cover.

Sometimes you will find that insurance companies won’t offer third party cover at all, or they will try to get you into getting third party fire and theft coverage. This means that you would have protection against fire and theft. If you’re in a riskier part of your city, then you might want to invest in this as a safety precaution.

Young drivers really might be better off getting a higher type of cover because their risk status might make third party cover too expensive for them. Insurance companies go off percentages and statistics, so they tend to feel that young drivers should have more coverage than older ones. On the flip side, if you know that you have a clean driving record and you have an old car, going with third party coverage can be the best thing that you could do.

What about damage to property? For example, if you get into an accident where you hit a traffic light or a stop sign with your car, your third party insurance cover would step in. You don’t have to make a claim — the other party would use your insurance information to call the company directly. The company will do everything on your behalf, as long as you have not violated any terms of your insurance policy.

In short, is it worth it to pursue third party cover in the UK? It definitely can be, so make sure that you do some comparison shopping and keep your eyes open!