NOW OPEN: the MSE Forum 'Ask An Expert' event. This time we'd like your questions on TRAVEL & HOLIDAY DEALS. Post by Wed and deals expert MSE Oli will answer as many as he can.
MSE News: Fully comp car insurance cheaper than third party!
Former_MSE_Guy
Former MSE 1.7K Posts
This is the discussion thread for the following MSE News Story:
"Startling research shows comprehensive motor insurance is typically cheaper than third party, despite the fact it gives much greater protection.
If true, quite perversely, it means the better your insurance is, the less expensive it often becomes ..."
"Startling research shows comprehensive motor insurance is typically cheaper than third party, despite the fact it gives much greater protection.
If true, quite perversely, it means the better your insurance is, the less expensive it often becomes ..."
Read the full story:
Fully comprehensive car insurance cheaper than third party
Fully comprehensive car insurance cheaper than third party
0
This discussion has been closed.
Latest MSE News and Guides
Replies
If they've not compared like-for-like premiums then it doesn't really tell us much. People who face the highest premiums (younger drivers, those who have nil or little NCD, those who live in a high-risk area) are likely to choose TPFT cover precisely because their premiums are high.
Oh I wish I was a punk rocker with flowers in my hair
That the average TPO and TPFT customers are paying more than the average FC customer, I don't doubt.
The reason for this is that they are higher risk customers - fully comp would cost a fortune, so they choose lower levels of cover out of necessity, not choice.
TPO/TPFT would not be more expensive than FC for the same customers.
Interestingly the article on the main MSE site has a more descriptive title http://www.moneysavingexpert.com/news/insurance/2009/08/the-best-insurance-is-often-the-che?utm_source=forum&utm_medium=sidebar&utm_campaign=box
That was my first interpretation too - though when you read it they include the like for like issue. We also did our own comparisons (far less than 1.5m though
My view is quite simply if you're interested in getting third party as you think its cheaper then you should get a comp quote too in case its not.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Keep up the good work
The added bonus is you get Windscreen Cover with an excess of circa £60 and windscreen claims generally do not affect your no claims bonus.
Please do not do this with Aviva or Swiftcover as they normally apply the increased excess to fire and theft claims. (If anyone else knows of any other companies that increase the fire and theft claims when opting for a voluntary excess please feel free to post them and if you know any Insurers that have an all sections excess (Nasty nasty company) please post.
Shame (once again) about the sloppy, poor, sensationalist journalism in the first place though.
MSE GUY does tend to have a habbit of doing this.
mabe he also works for the sun or daily mail?
5 MILLION WILL DIE FROM SWINE FLU (possibly, mabe if no vaccine was avaliable and every person is 90 years old with a terminal illness)
is this one of yours MSE GUY?
There are some extra benefits such as glass cover and the insurance company will help with a claim from a 3rd party with FC, your'e on your own with TP.
As Martin says, tweaking the finer details can produce some surprise results. I have been shopping around for my high risk son's insurance some went up when we changed on street parking to on drive parking