Fully Comp VS Third Party

kswkid

Im intending to buy a car for the summer (3 or 4 months) because transport where I live is ridiculous. I have £1500 to buy and insure the car and have found plenty of Clios that fit this price bracket.

My question to you guys is this; do I go fully comp, third party f&t, or a 6month scheme (which I've found to be quite expensive). The difference between fully comp + tpft is only £100 but if I was to damage the car, I'd like to think that fully comp insurance would mean I get a small amount of money back rather than nothing.

One insurance company did try to explain to me that I'd be better off with tpft, but didn't actually explain why, could anyone help me please??

I know its a bit mad to buy a car for only this amount of time, but beacause Im 20, I cannot rent a car.

glider3560

If you smashed up your car and had TPFT, you would need to buy a new car yourself (or have it repaired). If you had comprehensive, then the car would be repaired or you would be paid the market value of the vehicle minus your excess.

Comprehensive generally includes cover for other bits and bobs too, e.g. contents of the car, personal accident benefit, courtesy cars. You need to check what each insurer includes, but you'll find that there is a wider variety of cover with comprehensive.

Rikki

If the car isn't going to worth much I can't see the point insuring fully comp. If in the likelihood you need to make a claim the chances of getting back what you paid for it are very unlikely. Insurers are more likely to write older cars off rather than stump up for expensive repairs.
As long as you insure the car third party to protect other drivers cars and fire & theft I can't see a problem.

Quote

Rikki wrote: »

If the car isn't going to worth much I can't see the point insuring fully comp

Ignore this.

One should have nothing to do with the other.

Comprehensive cover gives you the opportunity to claim which TPFT does not. Insuring it should depend on how much you can afford and whether or not you can afford to write the vehicle off.