About Different Types Of Car Insurance
Anyone driving on a public road in the UK must be insured against causing injury to another person, a third party, and/or damage to their property.
Types Of Cover
Third Party
Third Party cover is the minimum amount of cover required by law. It will cover
you from injuries to other people, damage to other people's property, the liability
of passengers for accidents caused by them and any damage caused by a caravan/trailer
while attached to the car.
Third Party, Fire and Theft
Third Party cover as above, including accidental fire and theft. There are often
conditions and excess, which means you must pay the first part of the cost of
any repair - this can vary from £100 to more than £1000 - but it does reduce your
premium.
Useful Fact: If you're selling your car Third Party, Fire and Theft does not cover your car being taken from you by deception.
Comprehensive
Comprehensive insurance covers both of the above, including accidental damage
to your own car, the loss or theft of personal items from the car (up to an agreed
limit) and medical expenses arising from personal injury. It also provides you
with compensation for injury or death.
Specialist Cover
Limited Mileage
This is a policy that offers lower premiums for drivers who stay within a
fixed, lower-than-average annual mileage - usually up to about 6,000 miles. Please
note that if you exceed the agreed maximum mileage, the cover is invalid.
Part-time
Popular with classic car owners and motorcyclists a like, who may not use their
vehicles in winter. The premiums are lower, though not an accurate percentage
of a full year's cover, and both cheaper and easier than claiming back on a cancelled
annual policy.
Classic
Restrictions on mileage, type of use and sometimes, exact type of car. Premiums
for classic car cover are usually far cheaper as the cars are more likely to be
driven carefully, on dry roads and garaged at night.