| u own a car, you and your friends no doubt very | | | | carry the risk for the other 20%. |
| often complain to each other about the | | | | Third party, fire and theft insurance |
| astronomical cost of car insurance. Especially if | | | | This type of insurance falls midway between |
| you have never had an accident, you might feel | | | | comprehensive insurance and third party |
| that you are subsidizing bad drivers with your high | | | | insurance. A very important aspect to remember |
| premiums. Perhaps it is time that you consider the | | | | with this kind of policy is that it only covers you in |
| different types of insurance available out there - | | | | case you hit another vehicle and you are |
| you might be able to reduce your premiums | | | | responsible for the accident. If you are not |
| markedly by switching to a different type of | | | | responsible, the insurance company will not pay |
| policy. Below is a basic auto insurance comparison. | | | | out. |
| Fully comprehensive car insurance | | | | You will also be covered if your car is stolen, or if |
| This is the most expensive type of car insurance | | | | it should burn out. This does not include you |
| available. If you, like most of us, had to use | | | | setting it on fire though! |
| finance to buy your car the finance company | | | | Third party vehicle insurance |
| would have required you to take out this type of | | | | This is the cheapest type of vehicle insurance. |
| insurance. It basically covers every type of | | | | One will very often find that people owning a |
| mishap that can hit you as a car owner. You will | | | | very old vehicle with little market value choose |
| be covered if you drive into a brick wall, or if you | | | | this option. |
| collide with another car while watching a pretty girl | | | | It does not cover you in case your car is stolen, |
| on the sidewalk. | | | | or burns out. It does not cover you if someone |
| You will also be covered if someone steals your | | | | else drives into your car - you will then have to |
| vehicle, or if it inexplicably catches fire. Not only is | | | | sue the guilty party. It only covers you if you |
| your losses covered, but claims that other drivers | | | | drive into someone else's car. You therefore have |
| can have against you after an accident will also be | | | | to be the guilty party, otherwise no payment will |
| provided for. | | | | ensue. |
| Many insurance companies refuse to insure the full | | | | It does, however, cover you if you drive into the |
| value of a vehicle though. According to them it | | | | mayor's Rolls Royce. |
| encourages people to submit fraudulent claims. | | | | Now that you know the different types of vehicle |
| You might get tired of your old car for example, | | | | insurance policies available, and you have studied |
| and simply drive it into a concrete wall, or set it | | | | the basic auto insurance comparison above, you |
| alight. They often therefore only insure 80% of | | | | should be in a better position to make a decision |
| the value of the vehicle, and you still have to | | | | on how to decrease your monthly insurance cost. |