Although the financial press are of the opinion that we are coming out of a difficult economic period here in the UK, it is likely to be some time before we see the full benefit of this filter through to the public. In the meantime, many people still see the need to keep their household expenditure as low as possible.
One of the ways of doing this is to review both who your car insurance is with to see if you can get a cheaper car insurance premium elsewhere but still maintain the required level of cover or see if it is worth amending the level of cover that you have in place. One of the ways of seeing if you can get a better deal elsewhere is to use a price comparison website which is free to use.
With regard to the level of cover, you have three options with these being third party, third party fire and theft or fully comprehensive car insurance. Let’s have a look at the later in a little more detail.
The perception is that fully comprehensive cover is the most expensive but this may not necessarily always be the case so it is worth checking. Fully comprehensive car insurance provides you with the greatest amount of cover hence why it is referred to as “fully comprehensive”.
It will cover you for damage caused to other vehicles, property and people as a result of an accident but will also cover damage to your own car even if the accident is your fault. Your car will also be covered should it be stolen. You will almost certainly find that most car insurance providers will offer this level of cover as an option.
This level of insurance cover is of particular interest to car owners that own a car that is worth many thousands of pounds because, if their vehicle were stolen or damaged and was written off, it will enable them to buy an alternative car. Without such cover they may not have been able to replace their car with one of a similar value.