The affordable option
When it comes to choosing the right kind of cover for your car, third party insurance is the choice of many drivers. It’s the bare minimum you need to drive your car legally, which makes it the most affordable option, but you need to make sure that you have a good understanding of what it entails before committing to a policy.
What does third party insurance cover me for?
Third party only insurance is the most basic of policies you can buy for your car. If the cause of the accident is determined to be your fault, you would be fully liable for all costs involving injury to other parties and/or damage to their property. This type of policy does not cover fire or theft damage.
As with all insurance premiums, the cost of your insurance will take many factors into account before being calculated. Some of these can be mitigated but others, unfortunately, will reflect your experience, age and type of car you are trying to insure.
Reducing the cost of your insurance premium
To keep the cost of third party insurance down, you should consider the following:
- Gaining a full licence
- Buying a car with a smaller engine – this may also lower your annual tax and fuel costs
- Building up a ‘No Claims Discount’ – the longer you hold your insurance policy (transferrable between providers for each full year held), the better discount you can expect to receive from the insurance companies
Here at Chill Insurance, we can take all of the stress out of arranging cover. Call today to find out how we can arrange your third party insurance at a competitive rate.