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Car Insurance

Car Insurance companies provide three main types of cover.

Third party only insurance

This covers third party claims, legal liabilities such as passenger indemnity and also some legal costs. However, this type of policy will not cover the damage to your own car, so the cost of any repair or replacing the car will have to be paid for by you. This type of car insurance is cheap but it may not be the best option.

Third party fire and theft cover

This type of insurance covers damage to your car by fire however, if the fire or theft happened as a result of an accident then you will not be covered. Third party fire and theft insurance should only be used for cars that are not of a high value to their owners.

Comprehensive insurance

Covers accidental damage that pays for repairs if your car is involved in an accident and should also cover personal accident insurance if you suffer specified injuries whilst driving. It doesn't insure against every eventuality but it covers much more than the third party policies.

The type of car insurance cover opted for will normally be based on affordability as the more risks insured against the more expensive the cover will be. To get the best value car insurance try and get as many insurance quotes from different companies, this will help you to compare quotes for price and service.

Factors that influence potential risk and therefore the cost of the premium:

• Applicants occupation
• Applicants age, sex and driving experience;
• Type of car, it’s age and condition;
• Applicants locality and the crime statistics for that area;
• Use of the car;
• Security devices fitted on the car;
• Any modifications made to the manufacturer’s specification

The above information is considered along with statistics about drivers and the likelihood of them making a claim. Statistics also show that the following can also affect the premium asked for:

• Women drivers drive more safely than men
• Young male drivers under 25 years will be charged more
• Senior citizen drivers are charged on an increasing scale

A number of measures can be taken to try and reduce the cost of the premiums such as:

• State named drivers on the policy
• Fitting an immobiliser
• Off-street parking or keeping the car in a locked garage
• Not having a car that draws attention
• Reduce your annual mileage
• Don't modifying the car