How does it impact cost?
You’d be forgiven for thinking that comprehensive insurance is going to be the most expensive level of cover because of what it includes. But you might be surprised to hear that’s not the case for the average quote on our site.
The average comprehensive policy premium with comparethemarket.com is a little over £712. But the average third party fire and theft policy is just over £1,080. For third party, the minimum level of cover, the average price was £1,654, more than twice the cost of comprehensive.
This is because insurance providers know that drivers who take out third party policies are generally higher risk drivers, such as young drivers or drivers with convictions, compared to those with comprehensive insurance.
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.