Third party insurance cover might become irrelevant soon
The third party insurance cover is often bought by young drivers as perceived to be cheaper than other insurance products. On the contrary, it offers less protection than comprehensive insurance policy.
The third party cover is a favorite of young drivers with old cars but many providers have started withdrawing their interest to cover the high risk group anymore making them to take g off the insurance product from the market. Many insurance providers are planning to stop providing third party insurance cover. The third party cover has become more expensive as young drivers who mostly take this policy are considered to be risky drivers. The young drivers more often make the claim which raises the policy insurance premium. This scenario has made the third party cover to be expensive that is earlier preferred due to cheap price.
In third party insurance policy, the car owner gets cost cover for injury and damage caused to other driver and vehicle. Some third party policies cover the vehicle against theft and fire too. With the buying of comprehensive insurance policy both you and your vehicle are covered by the insurance provider against unpredictable losses.
The difference between the cost of comprehensive insurance cover and third party cover is reducing with time. It is wise to buy comprehensive cover than third party one as the comprehensive policy includes cover against fire, theft and third party.
The best valued insurance cover saves you and your vehicle in any mishap so compare car insurance quotes for both third party and comprehensive policy and buy the best deal with best price and quality service. Making the selection of the right car insurance policy cover protects the vehicle against financial loss incurred on collision or accident making the driver to drive peacefully without any stress of repair or claim.