Some Important Things to Know About Different Policies before Looking For a Cheap Online Car Insurance Quote

Shopping for car insurance can sometimes be a difficult task with all the different policies and options available. Here are some important things to know about the 3 main types of policies before looking for a cheap online car insurance quote:

The most general policy often called ‘general liability’ or ‘third party only’ insurance. This type of insurance covers the policyholder against damage to either a third party or a third party’s vehicle. For example, if you were to damage a vehicle and injure the driver of that vehicle, your insurance would cover you against the costs to repair the vehicle and any medical claims made by the driver. However, this type of insurance does not cover you for any expenses towards your own vehicle, or any medical claims made by yourself. This will also not cover you if your car is stolen or set on fire. This policy is the cheapest and works best if you have an older car that is not worth much.

This next type of insurance policy is exactly the same as described above, with one exception. Should your vehicle be stolen or set on fire then you would be covered under this policy, often called ‘third parry fire and theft’ insurance.

The last, most encompassing is ‘Full Comprehensive’ insurance will has the same coverage of everything covered above, but will also pay for damage to your own vehicle and your medical claims regardless of who was at fault for the damage. This is the most expensive insurance policy, but offers the most coverage possible. This type of insurance is a must when you purchase a new vehicle.