Third party fire and theft

nursebill57

QrizB - the DVLA did renew my licence so I am still able to drive e.g. a hire car from the likes of Enterprise should I want to on their insurance,but that would mean a large excess of £2500 at least.To be honest I don't see me driving again in the foreseeable future,having been so scunnered by the whole experience.A guy I know wants me to pick up an old banger on third party and run it around until it falls apart,but my heart wouldn't be in it.

QrizB

At the risk of repeating myself, grab a registration number of a small cheap car (the sort of car you might want to buy) from Autotrader and see what sort of insurance quotes you can get from one of the online sites. Compare the Market, for example.

It's the easiest way to see whether you're likely to afford it.

You could know the answer in 15 minutes!

(If you do get some quotes, share them here.)

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/6668816/third-party-fire-and-theft

TPO and TPFT are still a thing but due to negative selection they can be more expensive than Comp cover.

The obvious downfall of both of them is that there is no cover for your vehicle if you are involved in an accident.

The less obvious downfall is that your insurers will act on a defence basis only. So for example if its a narrow lane collision, both parties say they stopped but the other didnt then your insurer will just sit there and only wait until they receive a claim from the other party. If they have more minor damage than you below their excess that claim may never come. If you had comprehensive insurance then your insurers would likely be pro-active and be telling the third party insurer that they are holding them at fault for the accident from the get go.

Motor insurance is a volume game, people make a tiny amount per policy, or even a loss per policy, and really the money is made from add ons and services (eg referrals to accident management companies). Most small brokers offer motor because there is little time/effort to do so but they dont promote or push it. For an ok risk they are likely to be much more expensive because a £15 revenue for an hours work simply doesnt stack up.

You are much better off going onto confused.com or similar and getting quotes via their engines because whilst they also only get peanuts they have the volume and automation to make it worth while. I;d only go to a local broker if you want to support local, think they are good service or if you are a non-standard risk and for all of these Id expect to be paying much more than the average person