While many of us enjoy the feel of the open road, it is a foregone conclusion that these environments are associated with their fair share of risks. From accidents and property damage to fires and theft, the fact of the matter is that every driver needs to be protected at all times. Car insurance is absolutely mandatory to operate a motor vehicle within the United Kingdom and there are literally hundreds of providers to choose from. Let us now take a look at how these policies are categorised before moving on to discussing some of the methods to discover the most agreeable package for your driving needs.
The Types of Car Insurance Policies
There are three common varieties of car insurance plans within the United Kingdom. These are:
- Third party
- Third party fire and theft
- Comprehensive plans
We should note here that basic third party is the minimum level required by law within the country. This is also the cheapest option, as the coverage levels are pragmatic. You will be protected in the event that you are involved in an accident with another driver (hence the term third party). However, you might not receive the same financial compensation if you are determined to be the cause of the collision. While the legal minimum, many drivers choose more thorough options.
The next step up is therefore third party fire and theft. In addition to protecting you in the event of an accident, you will also be covered if your vehicle suffers from a fire or if you are a victim of theft. Determining whether or not you require this coverage will depend upon a number of variables. For instance, do you live in an area associated with elevated levels of crime? If you regularly transport valuable items or if you drive an expensive vehicle, third party fire and theft is generally the recommended plan to select.
Comprehensive car insurance is the most thorough option and therefore, the most expensive. However, you will be protected against most circumstances. It is also worthwhile to point out that this plan will cover you in the event that you are the cause of an accident. As a result, financial coverage levels tend to be much higher; helping to address an potential legal fees as well as punitive damages that could be the result in a settlement which favours a third party.
How to Get the Best Rates
Many choose to take defensive driving courses, as these programmes can lower your premiums by as much as ten per cent on occasion. Also be sure to compare and contrast at least three different providers; each will be associated with its own set of benefits and drawbacks. Speak with a representative to address any confusing terms and conditions. Above all, determine whether or not you will be provided with reduced rates if no claims are filed within a specific billing cycle (generally on a yearly basis).
