Insurance for Used Cars

I don’t know about you guys but for me, even though I have been buying car insurance for many years now, I still don’t actually understand exactly what I am covered for! I mean how complicated is it with all that small print?! So my little bit of knowledge that I have is below. The basics of car insurance are to provide financial cover in the event of an accident. People pay a monthly (or one off) payment to cover themselves against accident, injury, death and also for other people (depending on what type of agreement is in place). There are different types of cover; comprehensive (being the ultimate level of cover), 3rd party and third party fire and theft (this option is normally used for low value cars or very old used cars).

Follow up:

All these different levels of insurance offer different things to the driver. A comprehensive agreement will cover most things such as damage, theft, fire. It also covers other parties if they are involved in an accident. Third party insurance however covers other parties only. And finally third part fire and theft (this is the absolute minimum legal requirement) covers other parties and their property but not your own car! This is the cheapest option and is often a policy take out for those people driving old used cars or cars that are not of a high value.