Is it cheap?
To start with, insurance depends on many factors such as your age, your previous driving history, where you live, how many miles you drive, the security features of your car and so on.
You may assume given the differences in protection that third party, fire and theft insurance is cheaper than comprehensive insurance but that isn’t necessarily the case.
As third party policies tend to attract higher risk drivers, the statistics that insurers use indicate that the chances of paying a claim on this type of policy are higher.
As a result of this, third party, fire and theft policies could actually cost you more than a comprehensive policy.
In fact, according to our data, in August 2017 the average comprehensive premium was £708 while third party fire and theft came in at £1,033 on average**.
If you don’t compare prices, you simply won’t know which policy is cheapest for you.