Looking for insurance for your new car? There are so many different types of car insurance out there, so how do you know which one is right for your needs?

Let’s look at the different types of car insurance and compare them to help you find the best car insurance option for your needs.

Third Party Property Only Insurance

If you are deemed at fault in an accident, Third Party Property Insurance will only provide cover for repairs to another person’s vehicle or property. For example, if you accidentally run into another vehicle, your Third Party Property, Fire & Theft policy will cover the repair of the other party’s vehicle, however, it won’t cover repairs to your own vehicle.

It is important not to confuse Third Party Insurance with Compulsory Third Party (CTP) Insurance. CTP provides cover for people who are injured or killed in a motor vehicle accident involving your vehicle and is part of your vehicle registration. CTP does not cover vehicles.

Third Party Property, Fire & Theft Insurance

Choosing Third Party Property, Fire & Theft Insurance covers you for any damage you cause to someone else’s property or vehicle in an at-fault claim as above, however, it also covers your vehicle in the event of fire or theft as well.

Comprehensive Insurance

Comprehensive Car Insurance is the highest level of car insurance cover. It covers you in the event of fire and theft, as well as both your vehicle and other vehicles in the event of an at-fault claim. Generally, Comprehensive Insurance is more expensive than Third Party Insurance, therefore it is important to consider your own insurance needs prior to taking our car insurance.

Need More Information?

For more information on different types of car insurance options, visit the Insurance page on our website or contact our friendly team on 1800 538 287 who are available to answer any questions you may have about everything finance and insurance. Whether you’re looking for bank-beating finance for your next vehicle or looking for affordable car insurance, our specialist Finance Consultants are here to save you time & money and get you the best deal!