In fact, because insurers price for risk, and claims statistics show that new drivers are more likely to be involved in an accident than those with more experience, the cost of third-party cover has increased significantly in recent years. It can often be more expensive than more comprehensive policies, so we’d advise getting quotes for more comprehensive cover, too.
Stepping up from third-party insurance, this type of policy adds cover for your vehicle if it's stolen, damaged or destroyed by fire, but it still won't cover your costs if an accident is your fault.
Fully comprehensive insurance
Three-quarters of UK drivers opt for fully comprehensive motor insurance. As the name implies, it covers pretty much everything, including you, your vehicle, your passengers and property, as well as that of any other party/parties. It will provide cover if your car is stolen, damaged or set on fire, and insure you to drive other vehicles.
The level of cover varies between insurers, though. Not all policies will include legal protection, breakdown and windscreen cover and a courtesy car. Adding these 'perks' onto the policy could easily push the premium up by £50. So scour the small print to see what's included, and only pick the ones you want.
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