Car Insurance - Fully Comp V Third Party Fire & Theft

[mayennaise]

Renewal received to day: £297 fully com with full no claims bonus, for a 06 plate Citroen Xsara Picasso.

Thought I'd save us a few bob and go Thirds party etc as the car is getting on a bit and was quoted £295 - a whole £2 cheaper!!!!

In the words of Victor Meldrew - Unbelievable!!!!!

[tonyav]

It's been like that for a while now, mayennaise. Dunno why though.

[ummmm]

It's because youngsters, who have more crashes, tended to have cheaper cars and get insured third party.

[gingejbee]

There have been several instances on here when full comprehensive cover was actually a bit cheaper....so fully believable!

[tonyav]

Yeah, that figures ummmm.

[mastercraft]

Don't even try to understand it Mayennaise, none of it makes sense.
I pay over £400 for a 1.7 03 plate that is worth sod all, garaged and max no claims bonus.
Just found out that a squash friend who is not even a British citizen - three years no claims - pays £800 for a 3Ltr 2014 Jag. And he is 16 years younger!

You're probably better off sticking with fully comp.

[bhg481]

Third party doesn't include windscreen cover, remember. Windscreens are expensive, separate windscreen cover costs a fortune and the windscreen is something that can need replacing however careful a driver you are.

[Buenchico]

It's not uncommon for '3rd party' cover to cost considerably more than 'fully comp' (with the same company) for the same vehicle. That's because of the 'actuarial risk factors' that show that people who use just '3rd party' cover are statistically more likely to be involved in an accident than those with 'fully comp' policies. (I've got 'fully comp' cover, on a vehicle that only cost me £350, for that very reason; it's a lot cheaper than '3rd party' cover!).

[Arrods]

The value of the car is largely irrelevant compared to the £millions of damage you could cause to other people.

[ToraToraTora]

no, very believable. Many people forget that most of your premium is not to cover your own car. That is why we often hear the irrelevant tome "but the cars only worth tuppance halfpenny" - The expensive part of the cover is for third party damage. Ie your £100 runaround can kill a brain surgeon or write off 250gt California. That's why there is very little difference for low value cars.

[hc4361]

Arrods is spot on. One crash can literally cost an insurance company millions.

[johnny37]

try the internet comparison sites. Theres no point in remaining loyal if you can get it cheaper elsewhere.