Do I need comprehensive car insurance?

A car on a hill top with the sunsetting in the backdrop

We all know that when we own and drive a car we need car insurance but what type of cover do you need? 

You may think that you must have comprehensive car insurance to be fully legal on the road but that isn’t the case.

When you are trying to decide which type of insurance is best for you, it all depends on what you want to be covered for, how much you wouldn’t mind paying out yourself for damages and even the age of the car can be a deciding factor. For example, if you have a brand new car you may wish to have insurance with all the bells and whistles. However, if you’re driving a twenty year old run about and you know that in the event of an accident you wouldn’t want to repair any damage and instead buy a new car, you may wish to go for a lower level of insurance. 

You do not need to have comprehensive insurance to legally be able to take your car out onto the open road. However, it all depends on your own personal circumstances as to which insurance you believe is the right fit for yourself.

What types of insurance are there and which is the best for you?

Third Party 

This is the minimum level of cover that you must have and has been since the Road Traffic Act 1930 came into effect. 

What is covered

  • Damage to another person’s vehicle or property. 
  • Any injury caused to another. 
  • Injury to your passenger.

What is not covered –  

  • Injury to yourself
  • Damage to your vehicle. 

This level of cover is very basic but would suit you if you do not plan on repairing any damage to your own vehicle or you do not drive the car very often.

Third Party – Fire & Theft

This is very similar to the basic third party insurance, however you are covered for fire and theft to your own vehicle. This covers both accidental fire and also arson. 

What is covered

  • Damage to another person’s vehicle or property.
  • Injury to another person.
  • Injury to your passenger. 
  • Theft of your vehicle
  • Fire damage to your own vehicle. 

What is not covered

  • Damage to your own vehicle.
  • Injury to yourself. 

Again this insurance would be ideal if you do not plan to replace your car in the event of an accident but if you live in a high crime area. 

Comprehensive 

Comprehensive insurance is popular among most drivers as it gives you the most amount of coverage and peace of mind that in the event of an accident you will be covered financially for both the damage to your vehicle but also for any injuries that you sustain. 

What is covered – 

  • Damage to another person’s vehicle or property.
  • Injury to another person.
  • Injury to your passenger.
  • Damage to your own vehicle. 
  • Injury to yourself.
  • Fire.
  • Theft.
  • Chips/scratches.
  • Malicious damage.
  • Accidental damages. 

Some insurance companies will automatically add certain extras into your policy as standard, however you can ask for them to be added to your policy, which will normally come with a small fee. These extras include – 

  • Breakdown cover.
  • Personal accident cover.
  • Motor legal protection. 
  • Courtesy Car.
  • No claims discount protection. 
  • Windscreen cover. 
  • Lost keys cover. 

You may think that third party would be the cheaper option as it offers you less coverage. This isn’t always the case though as third party insurance tends to attract higher risk drivers so your premiums may work out to be more expensive. The cost of insurance varies between different insurance companies and is dependent on 

  • Your age.
  • Your driving experience.
  • Any driving convictions you have.
  • The age and make of your vehicle. 
  • The area in which you live. 

So as you can see you do not need to have comprehensive insurance to legally be able to take your car out onto the open road. However, it all depends on your own personal circumstances as to which insurance you believe is the right fit for yourself. There are many price comparison websites online which will be able to find you the best price for the right amount of coverage. 

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