Car insurance third party -
good or bad idea?
Bad.
And we'll explore here why you should never get third party car
insurance cover.
Many people believe that if their car is elderly and has little
monetory value, especially if it's worth less than a typical policy's
excess, that the case is made for getting third party cover as, even if
it's written off, no payment would be made by the car insurance
provider.
However, it is not just the car that's uninsured, the driver and any
pasengers are also uninsured where you are responsible for the accident
or if you're hit by an uninsured driver, of which there are two million
on our roads.
In a major accident where there may be personal injury and loss of
earnings, potentially on the longer term, there is no cover at
all for such losses. While people don't like to consider this outcome,
few would see this as an acceptable risk when buying their policy up
front. Worse still, where the accident was due to recklessness on your
part, any passenger may have a legal case for compensation from you as
the driver.
Even if you were willing to accept the above risks on the basis that
such an outcome is sufficiently improbable as to not need to be
factored into your policy choice, it's not even possible to argue for
third party cover on the basis of cost.
Price comparison sites compare comprehensive car insurance cover. They
don't compare third party cover. So, if you want third party car
insurance, you need to go direct to a named brand. If you then compare
the price quoted to prices for comprehensive car insurance generated by
a price comparison site, it's usually possible to find cheaper
comprehensive car insurance cover anyway.
So, if you can't justify third party car insurance on the basis of the
cover or the price, a case cannot be made for ever selecting it as the
best first choice, can it?
Some may say that they have a second car, infrequently used, of limited
value, for which they see no need for fully comprehensive cover. And,
perhaps, a case for third party cover, albeit not devoid of risk, might
be made under such circumstances. Except that it can't, because it's
still generally cheaper to buy fully comprehensive car insurance if
they use a price comparison site to find it.
Case made, we would suggest. Never buy third party car insurance!
This site will help you to easily compare
car
insurance including
checking out
third party cover if you remain so-inclined or you wish to test the
above pricing arguments. More..
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