Fully Comp/Third Party Car Insurance

Quentin

OK. So it probably wouldn't be worth insuring fully comp - if you have any accident which would warrant a claim it would be written off. Say you have a £100 excess you would get £150 at most and lose 2 years NCD for a claim.

So maybe just get the cheapest cover you can (sometimes fully comp is cheaper than TPFT) in the knowledge that if you are in a crash (and you are at fault), then you will have to swallow the loss.

Look at taking a massive excess with fully comp (some offer £1000 or more) and see how premiums compare.

Quentin

See if you can get that £505 reduced by taking the biggest voluntary excess they offer.

Quentin

You only would have to pay the excess if you made a claim for your own damage to your own car.

As explained, it wouldn't be worthwhile making a claim.So you can safely have a massive voluntary excess as you will never be claiming and so never have to pay any excess.

Quentin

Glad you are sorted.

(Dare I ask this? Why are you staying with the TP policy when you can save at least £25 and have the benefit of the fully comp one? In particular, the cheaper, fully comp one will give you windscreen cover which your TP one won't).

jerczu

chambta wrote: »

Evening,

My car's only worth about a grand at best now and plan to sell soon and get something better. Insurance up for renewal soon and always had fully comprehensive insurance. Have full no claims bonus now and cannot envisage claiming for anything to my car in any situation as I would just buy another.

Is there any benefit to me in having fully comprehensive given this situation?

Money not an issue but I could probably lop £50-£75 off with 3rd party insurance.

Thoughts?

Trust me keep your fully comp - no problems when uninsured idiot smashes your car and runs away - you are covered. In my case difference between fully comp and 3rd party fire & theft was 6-7 pounds a month. Worth to pay for a peace of mind

Quote

dry_ed wrote: »

he did say oh u realise yr excess is 250 i said yes? dnt know y he sed that ,, y should i go for the highest vol axs? i dont hv that kinda money... mmm?bt you did say cos the car wasnt worth it.. thats wot my machanic mate sed.

y r u wrtn lyk tha?

missile

I find dry ed's mobile phone text speak difficult to understand. Must be a sure sign that I am getting old?

sammiboo

i think people would really need to weigh up thier options. I have only been tpft once - this is when i was made redundant and couldnt afford comprehensive cover and thought oh well its only a year, i will get it covered properly next year.

Guess what?

I had an accident. technically it wasnt my fault, i had a part fitted to my car (wheel baring) and the wheel detatched and the car rolled down an embankment

car was a mess - so was I. I was off work for months.



A full investigation was carried out and legal action was in the proceed of being taken. But because i wasnt fully comp (no legal cover etc) it all came out of my pocket and my families. Where i could have let the insurance company do all the work.

In the end I had to pull the case, i couldnt afford to carry on as this was going on for well over two years.

The point of the story is that you have no idea whats round the corner, the cost of losing the car was the least of my problems.

I havent had TPFT since, it was a very expensive lesson.

Its up to you what cover you take, but i thought it was valid to post this as the loss of the car was probably the least of my problems. It was everything else due to circumstances of the accident.

Sorry for the ramble

dry_ed

hi my insurance is due for renewal but my company have writtern to me to say that cannot renew as there have been changes in underwriting,they are not insuring cars in my area.
is this because they have given me 2 year free no claims @ 60%
my car is a lil ole banger but does the job for me n the gran kids.
its value is about 250 now.should i still try n renew with my old insurers or go directly to royal sun alliance,to see if they will cover me.

is it worth goin F/C to get a cheaper deal?
thanking you for taking the time to read this and help me out.
dry ed big muma

bouncydog1

No it has nothing to do with your no claims - it is because their underwriting policy has changed, which is not uncommon with insurers. They may have had a lot of claims arising in your area for instance.

Best bet is to contact a local insurance broker and ask them to find the best cover for you (which might not be the cheapest). You will need to have cover that suits your needs and you need them to explain the difference to you between comprehensive and third party insurance.

In reality it depends on whether or not the value of your car makes it worthwhile paying any extra to have it insured for damage done to it, but you need to get the broker to get you some quotes.