Everything you need to know about third party insurance
Every driver in the UK needs car insurance – it’s a legal requirement – but with different levels of cover available it can be difficult deciding which best suits you. Third party car insurance is the minimum level of cover available, so we take a look at how it works, the benefits and drawbacks and, most importantly, whether it’s the cheapest option for you.
What does third party insurance cover?
The most limited form of car insurance available, third party insurance covers you for any damage you cause to another person’s car or any injury you cause to somebody else, including passengers in your car. If the accident is your fault, you won’t be covered for any injuries you suffer or any damage to your car.
What is third party fire and theft?
Third party fire and theft insurance offers the same level of protection as third party insurance but also covers you in the event that your car is stolen or damaged by fire.
What are the benefits of third party cover?
One of the advantages of third party insurance is that in some circumstances, it might be more affordable than a comprehensive policy. And that’s good news if you’re on a budget.
Third party insurance could be ideal for you if your car isn’t worth very much. But the cost of your car insurance also depends on several other circumstances, such as whether you have any no claims bonus and the area you live in.
Is third party insurance always the cheapest cover?
No, although many people often assume that third party car insurance will be the cheapest as it offers the minimum level of cover. However, market changes mean that often this isn’t necessarily the case.
The type of car insurance that’s cheapest for you will depend on your personal information. For example, how old you are and where you live. It will also depend on the make and model of your car, the insurance group it is in, how much your car is worth and how many miles a year you drive.
What we can tell you though is what it costs, on average, for our customers. Based on our recent data, 50% of people had a quote of £1,424.75** for third party car insurance, while for third party fire and theft it was £1,024.41**. For a fully comprehensive policy, though, 50% of people had a quote of £746.15**. So, you could get more car insurance cover for less money.
Why compare third party car insurance with comparethemarket.com?
We independently compare more than 100 of the UK’s most trusted car insurance companies to provide third party car insurance deals.
We’ll show you policies based on price, add-ons or annual or monthly payment terms – helping you compare policies based on your needs.
And that’s not all… Buying car insurance through comparethemarket.com means you get MEERKAT MOVIES*. This will give you 2 for 1 cinema tickets on Tuesdays or Wednesdays, every week, for a whole year.
** Based on comparethemarket.com data from December 2017.