Third Party or Fully Comp?

ShaunJUK

I have an old P reg car I paid £400 for.

Just looking at my insurance renewal and paying on a monthly basis.

It will basically cost me £40 Third Party or £45 fully comp, both will no voluntary excess excess

Third Party has £100 fire and theft excess

Fully Comp has £100 fire and theft excess, £100 accidental damage excess and £75 glass excess

Any thoughts?

Quentin

Making a claim for your own vehicle won't be viable, so see what they would charge with a massive excess (eg swiftcover offer £1000 excess)

ShaunJUK

Quentin wrote: »

Making a claim for your own vehicle won't be viable, so see what they would charge with a massive excess (eg swiftcover offer £1000 excess)

What would be the point in that? and why wouldnt paying £100 excess be viable in replaceing a £400 car?? sounds like a saving to me

ShaunJUK

I save £2 a month if I go up to £400 a month excess

Oscar_The_Grouch

The difference between fully comp and TPFT is that comp gives you accidental damage & windscreen cover. But let's face it; if you scratch the bumper, the insurer will write your car off, so you'd never claim for anything like that!!

So if you are not going to claim, why opt to have the cover? 2 reasons:

1. It gives you windscreen cover (and windscreens are expensive)
2. If you up your Accidental Damage excess to stupid amounts, it can work out cheaper

Yes. I said "cheaper". For some reason, some insurers will discount your premium by more than the cost of the AD cover if you go for a stupidly high excess on older cars. Essentailly, this means you get TPFT cover and windscreen cover for less than TPFT on its own.

Give it a go.....

Quentin

ShaunJUK wrote: »

What would be the point in that? and why wouldnt paying £100 excess be viable in replaceing a £400 car?? sounds like a saving to me

As you are contemplating third party cover I assumed your loss of NCD combined with the excess meant a claim wasn't viable.

If you took a £1000 (or bigger) excess it should reduce the premium!

ShaunJUK

Quentin wrote: »

As you are contemplating third party cover I assumed your loss of NCD combined with the excess meant a claim wasn't viable.

If you took a £1000 (or bigger) excess it should reduce the premium!

Oh yeh you dont think of the loss of savings do you, well I went for fully comp and no voluntary excess as the company I used were loads cheaper than anyone else no matter what the excess.

And to be honest I think with my regrettable record its a good quote, I have an SP50 and a DR10 and do 18,000 miles a year, I got £438.29 for the year

JPS29

ShaunJUK wrote: »

And to be honest I think with my regrettable record its a good quote, I have an SP50 and a DR10 and do 18,000 miles a year, I got £438.29 for the year

I would have expected there to be another zero on that:eek:

ShaunJUK

InTheBrownStuff wrote: »

I would have expected there to be another zero on that:eek:

I tried removing the convictions and re-quoted, it went down about £30 for the year

kiwichick

Hi All,

Sorry to hijack a thread but needed to ask a question - blonde of me really! Does fully comp mean others are insured to drive your car or only the person named on the policy?

Thanks,
Al

Quentin

No. You can put others on the policy to drive (as named drivers) on both third party and fully comprehensive.

The difference between the policies is in the cover they give.