There are a number of car insurance policies available on the market. The secret is locating the one that suits both your needs and your pocket. The last thing you want is to be involved in a car accident and find yourself without insurance coverage.
Car comprehensive insurance covers an array of areas. It will however change from insurance company to insurance company. Some policies will incorporate certain terms and conditions that limit how much cover you actually have.
The secret to finding the very best car comprehensive insurance is within the policy comparison. The method that is often found to be most beneficial is an one-on-one comparison. Once you have gathered all of your car comprehensive insurance quotes together, pick any two and then compare them. After you have chosen the best of those two, compare that one to the next quote on your list and so on and so forth until you are left with the policy that surpasses all the others.
It is required that you have at the very least third party insurance before you will get any financing for buying a vehicle, so if you are buying a new vehicle, consider taking out car comprehensive insurance. The benefit is that you will probably be covered for almost any kind of damage, regardless of who caused it. This way, if you have to repair some damages or even replace the car as it was too badly damaged in an accident, you will still be able to clear the loan or finance the repairs.
3rd party is generally sufficient for older cars which aren't worth much and no longer have any refinancing attached to them. All you really need to cover would be the other person's damages should you cause a car accident. You still get a pay out if the car is written off (a very likely occurrence as repairs will often be more than the vehicle is worth) and you will not be out of pocket for the other person's repairs.
So, to conclude, car comprehensive insurance is a good idea for brand new cars while 3rd party insurance is fine for older cars.