Car Insurance, fully comp or 3rd party fire n theft

takman

exiled_red wrote: »

Fair enough, that just doesn't make sense to me.

It's because people who tend to go for TPFT are people who don't care about their car or are a high risk so are trying to save some money. This means that statistics overy the years show that people on TPFT are more likely to make an insurance claim, which makes it more expensive.

System

takman wrote: »

so are trying to save some money. This means that statistics over the years show that people on TPFT are more likely to make an insurance claim, which makes it more expensive.

So they go on year after year buying more expensive TPFT? Don't they learn?

takman

Clifford_Pope wrote: »

So they go on year after year buying more expensive TPFT? Don't they learn?

Well from my experience most people when they start off driving go straight for TPFT thinking it's cheapest. Even people on this thread assumed it was cheaper.

So they stick at that for a few years until they get a good car then go for fully comp because they have a more valuable car now.

So by going TPFT in the first year of driving (which is when your most likely to have an accident) this pushes up the accident rate for TPFT and makes it more expensive than fully comp.

aoeiiking05

Oscarboy40 wrote: »

I'm just trying to decide which is best for me,
I have a 7 year old car nearly 8 . Valued and insured for £1500
I have 12 years no claims
There is a big difference in the renewal of my insurance , jumped up by £40 per month
Obviously I've been shopping around
And can't decide if because of the age and value I'd be better on third party , fire n theft or stick with fully comp

What's anyone else's opinion ?
Any advice appreciated x

Try this insurance comparison site:


www.mustard.co.uk

I found quotes on here myself which were noticeably cheaper than any other major price comparison website (inc gocompare and comparethemarket etc).

Also, its worth checking out cars in a lower insurance group. This list shows which models (spec and year) are in each group:

http://www.parkers.co.uk/cars/insurance/car-insurance-groups/