Insurance Advice Please!

pinkdon

Hoping someone can help me as I'm totally comfused with which type of cover to go for. I'm a learner driver, hoping to take my test in the next couple of months and recently got a car. I have been playing about with insurance quotes - cheapest are £650 for fully comp or £430 for TPFT. The car is apparently worth £495/545 when I enter the reg on insurance sites. Is it worth the extra for fully comp or am I best to stick with TPFT? Any advice hugely appreicated!

TIA

Sgt_Pepper_2

What is the excess on fully comp?

No doubt the cheapest cover is the one to go for on a £500 car.

pinkdon

Knew I would forget to add something! The excess is £150 on fully comp and £100 on TPFT.

bazster

No point in paying fully comp on a car worth so little.

fivetide

So you are paying nearly £200 more plus and extra £50 for the excess if you claim under fully comp and at that value the car will be written off with you out of pocket.

Just not worth bothering with.

5t.

EdGasket

Note there is NO EXCESS on a claim by a third party (i.e. if you hit someone). The insurer is obliged to meet the full cost. That is true whether you take comprehensive or TPFT cover.

The excess referred to on TPFT policies is only the excess you would pay in a claim for damage to your OWN car by fire or theft. The excess on a comprehensive policy is what you would pay if the accident was your fault and your own car was being repaired by your own insurer. As even a simple body repair is around £500, they would just write off your car though so absolutely no point taking comprehensive cover. If you have the option of windscreen/glass cover with the TPFT policy for say an extra £15, then that is worth having though this is subject to typically a £75 excess if you need to claim.

pinkdon

Thanks guys, I was a click away from fully comp but it makes much more sense to go for third party after reading the replies

thegirlintheattic

Have you checked quotes based on you passing your test and having a full license?

Often the price goes up once you've passed.

vaio

and also check the effect of taking the biggest excess possible on fully comp.

I do my dear old dads insurance for him, his car is much the same value as yours and the cheapest cover is fully comp with a huge excess (£1000?).

pinkdon

Increasing the excess to £1050 fully comp only brings the quote down by £40. Haven't checked what I would be paying once I pass - for some strange reason I assumed I would be paying less! Would it be better to wait until I pass my test then sort it out?

pinkdon

thegirlintheattic wrote: »

Have you checked quotes based on you passing your test and having a full license?

Often the price goes up once you've passed.

Wow, just adjusted my quotes and once I pass TPFT is almost double at £790. However if I go fully comp its still showing at £650. I can't beleve the difference and would never have thought to check.