Okay, we do not exactly benefit from car insurance because it is something that we need to have by law. It is in part a legal requirement. It is in respect of the third-party element of our insurance policy, anyway. We can keep our costs down by just purchasing insurance for the legalities, but then what protection would there be for our expensive asset, should we cause damage to it ourselves? Accidents do happen, after all.
The solution to wanting to be provided with insurance to maintain our interests too is to check out an insurance provider such as one sure insurance and see how competitive they can make having the extra insurance cover in respect of the total cost of motoring.
This article will therefore consider the extra cover that we can obtain beyond the legal requirement that is only to benefit us in terms of its protection.
Comprehensive Cover
You could just obtain insurance cover for your vehicle that is known as third-party fire and theft cover. This protects the other person you might hit in terms of the damage and then just your vehicle should it be damaged by fire or be stolen and not recovered. However, this still does not cover you for damage you might cause to your vehicle that was not caused by the other driver. The solution is to purchase comprehensive insurance cover. This is full insurance coverage as a motorist and will cover damage to both vehicles involved in an accident when it is deemed your fault.
Windscreen Cover
By upgrading to a comprehensive cover, you will normally automatically be adding an extra windscreen cover too. This will come with a smaller excess than the damage cover. It is so easy for a windscreen to sustain damage when you are driving a lot on the motorway. It only takes a stray stone to cause damage that might mean a car will not make it through the MOT.
As a rule, windscreen cracks or chips will fail an MOT when they are larger than 10mm and in the so-called A-Zone (a 290mm region directly in front of a vehicle’s driver) or anywhere and more than 40mm in diameter.
Finance Agreements
It is essential to have comprehensive insurance cover when you are buying a car on a finance agreement. This is so that both parties are protected should something happen to the car in any circumstances. Also, vehicles purchased on finance agreements will have more value to protect.
High Performance and Luxury Vehicles
Although high performance and luxury vehicles already cost more to insure, that is not a reason to not insure them comprehensively. You do, after all, have more value to protect. Premiums can be brought down for these types of vehicles by accepting a higher compulsory excess or electing to have a voluntary one. Also, by not having young drivers on these kinds of policies. That will always cause premiums to skyrocket.
Peace of Mind
It is, of course, peace of mind to purchase insurance for yourself, as well as in a sense the third party, so that everyone is financially protected from accidents in respect of damage and injury.
We protect our finances in the long term by paying small premiums to protect against possible larger losses should the unfortunate happen. Life is unpredictable as are driving conditions. Nobody can say for certain that they will never encounter an accident or whether they might inadvertently find themselves causing one.
There are then several ways that the car driver can benefit from insurance and not just the third party. They can be insured for vehicle damage, including damage to the windscreen, minus the excess they will have to pay, and in situations where there are finance agreements to think of. It is extra peace of mind to have full insurance cover and not just the basic. This is in case an accident should be deemed your fault or 50/50 by insurers looking to reduce their pay-outs by mutual agreement.
