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If you drive, then you must have car insurance. That’s the law, and the realistic minimum amount of car insurance you must have in the United Kingdom is third party only. But, is that enough, and what are your other options? Third Party Only Third party only car insurance covers the other driver involved in a vehicle incident. It does not cover damage to your car or injury to you. Because third party only insurance is the lowest coverage, it usually has the lowest premiums, and that is a reason some drivers opt to buy this type of car insurance. However, some drivers who have older cars with little resale value will select third party only insurance since the value of their car does not warrant paying a higher premium. Whether third party only insurance is an adequate level of coverage for you depends on your unique situation and on your ability to handle risk. Although third party only insurance is the minimum legal requirement in the United Kingdom, you may want to consider obtaining a higher level of coverage that will include damage to your car and injury to yourself. Third Party Fire and Theft A third party fire and theft policy is a slight upgrade to third party only car insurance, but it will still not pay for accident damage to your vehicle. Once again, some drivers will select this type of insurance for older cars with little resale value. A third party fire and theft policy will cover the cost of your car if it is destroyed in a fire or if it is stolen. Additionally, like third party only car insurance, it also provides liability coverage for damages to other people’s property or injury to other people. Some people get third party fire and theft car insurance because they mistakenly believe it is always cheaper than comprehensive car insurance. While third party fire and theft insurance is usually cheaper than comprehensive insurance, that is not always the case, so it is worth checking out before you buy. Comprehensive The best level of car insurance is often comprehensive. This type of car insurance not only covers third party damage and injury, but it also covers damage to your vehicle and injury to you. If your car is valuable, this may be the only type of car insurance your company will offer. Uninsured Motorists About 1.2 million drivers in the United Kingdom are uninsured. When you consider that the United Kingdom has about 34 million drivers, there is a high risk of an uninsured motorist being involved in any vehicle accident. Under normal circumstances, the other driver’s car insurance would pay for any damage to your vehicle or any injury to you. However, if the other driver is uninsured, you may be at financial risk. Fortunately, most insurance companies offer insurance to protect you against an accident with an uninsured motorist. The cost is relatively cheap, and you may want to include this type of insurance in addition to your other insurance. If you drive a car, you are at risk of being involved in some type of car accident. It doesn’t matter if you are a good driver. The other driver may not be as good a driver as you. Consequently, car insurance is something you want in case you are ever involved in a car accident. But, if you are involved in an accident, you want to make sure you have an adequate level of coverage. Sam Jones the author writes on and reviews the car insurance market. He advises that when looking for cheap car insurance uk drivers should try the online comparison facility at uSwitch.com
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