Is third party car insurance always cheaper?

I can remember well the time leading up to insuring my first car. I was getting quote after quote on different makes and models as I tried to make up my mind as to which car was right for me.

With all of this uncertainty though, I did feel that I at least had one thing set in my mind and that was that third party or third party fire and theft insurance would always be cheaper than fully comprehensive cover. In fact, I had this so set in my mind in that I hadn’t even bothered to get a quote for fully comprehensive insurance as I just assumed that it would be far too expensive. Needless to say it came as quite a shock to learn that sometimes the difference in premium between third party fire and theft and fully comprehensive cover can be a lot less than you might think.

The benefits of Fully Comprehensive

Let’s just say that you do decide to ahead and get a quote for fully comprehensive cover and you too realise that it is not that much more expensive than third party, would it be worth paying a little more for? From experience I would definitely say yes. Let me relate an experience.

When I was about 19 years old I had become sick of owning ultra-cheap banger cars only to have them break down on me time after time, so I decided to upgrade a little and I bought a Vauxhall Vectra. I know this was a bit of an old man car for a 19 year old but I really did enjoy having a reliable vehicle which also had a bit of power in its turbo engine. When I compared quotes for the insurance I realised that it wasn’t all that much more expensive to go for fully comprehensive and as I’d spent a little more on the car than I was used to, I decided it was worth paying that little bit more in case I had an accident that was deemed to be my fault, I didn’t want to lose all of my cash you see. As it turns out I wasn’t involved in an accident at all but I’m still really glad I opted for fully comprehensive cover. Why?

One morning I walked out of the front door of my house and headed over towards my car. As I got closer I noticed a big scrape and the passenger side door and I quickly realised that someone had crashed/grazed into my car. I was gutted but sadly the worst was yet to come. As I walked around to the driver’s side which was parked next to the curb I noticed that the front driver side wheel had been shunted into the curb and had completely given way making the car undriveable. I had to call out the recovery team to take my car to the nearest garage where I was told that the shunt had actually damaged the chassis of the car irreparably! Did I mention that no note had been left by the person who’d hit my car, so no insurance details either.

As much as I hated having to make a claim on my policy for something that was in no way my fault I was really glad that I had fully comprehensive cover as I got a pay-out for the full value of the vehicle minus my excess, enabling me to buy another car.

So is it cheaper?

So if you are currently getting car insurance quotes and are wondering whether third party insurance is always cheaper the answer is that you won’t know until you get a quote. If you find that fully comprehensive cover works out to be a cheaper option then great, it was well worth getting a quote. If you find that it is only slightly more expensive then please do keep my experience in mind. It may well be worth paying a few extra pounds to cover your back from every angle.

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