5 Main Types Of Car Insurance

Car insurance is a must regardless or whether you are a good or bad driver, experienced or just a beginner. This is to ensure that you are insured in case your car is stolen or involved in accident. There are many types of insurance available depending on your needs and each different type of insurance comes with its own cost. So, here are several types of car insurance that you should know.

First is the Fully Comprehensive Car Insurance. It is a complete policy and insured almost all of the accessories in your car. In case of accident, you are fully covered for all the damages incurred for your own car as well as other vehicles. This type of insurance is recommended usually for new cars or novice drivers. Often, this is always more expensive and the premium depends on the sum insured.

If you do not need a fully comprehensive insurance, go for Third Party Car Insurance. It is slightly cheaper but not all accessories are well covered in the policy. Usually overheating engines and chipped windows are not covered by the insurance policy. If there’s any accident happened, the policy only covers the damages on other vehicle as well as the injured passengers in your car. Damages on your own car shall be borne by yourself. This type of car insurance is suitable for experienced drivers.

In case you are afraid of car being stolen or caught in fire, you can get Third Party Theft and Fire Insurance for your car. You will be given compensation depending on the sum insured amount.

Besides that, there is also Student Car Insurance. Most of the students are young and inexperienced drivers. Thus, the premium they have to pay is slightly higher as the car is at a higher risk to involve in an accident. Depending on the type of car and driving skill, you can always choose to get either fully comprehensive insurance or third party insurance.

These are among the main types of car insurance. Now that you have known these, decide the best type of insurance for your car and start to compare quotations from different companies. Make sure you check properly what is included in the package offered before signing for one.