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Car Insurance Question. 3rd Party vs. Comprehensive

Discussion in 'Motors' started by bignev72, Mar 5, 2014.

  1. bignev72

    Wise Guy

    Joined: Mar 22, 2012

    Posts: 1,061

    I currently drive a R reg Astra which has done 168,000 miles so as you can imagine it has very little value in insurance terms.

    My insurance is up for renewal in a month and I was thinking that there isn't much point in insuring this as comprehensive as if I do have an accident the value of my car will probably be lower than the excess. I was thinking of just insuring as third party.

    Is there any pitfall with this that anyone can think of?
  2. Peerzy


    Joined: Nov 9, 2008

    Posts: 6,493

    Fully comprehensive insurance has always worked out cheaper than TPF&T for me.
  3. scratch


    Joined: Oct 18, 2002

    Posts: 4,093

    Location: Southampton

    First thing to check is actual costs. It's quite common nowadays for comprehensive cover to actually be cheaper than 3rd party!
  4. Haggisman


    Joined: Oct 6, 2004

    Posts: 11,695

    Location: Birmingham

    To echo what others have said, comp is often cheaper than tpft.

    Also, tpft doesn't cover windscreen repairs/replacement?
  5. teenwolf


    Joined: Jul 25, 2010

    Posts: 4,007

    Location: poop... letterbox

    TPFT worked out cheaper for me on a £1000 car.
    I too thought its not worth the extra on a low value car.
    If you do go TPFT though make sure it includes legal expenses.
    Some insurers will let you add windscreen cover for an extra fee.
  6. bignev72

    Wise Guy

    Joined: Mar 22, 2012

    Posts: 1,061

    Ok I will check whether it is cheaper to stick with Comp.

    I will also check if Windscreen and legal is covered.

    Anything else to check?

    Thanks guys
  7. Gribs

    Wise Guy

    Joined: Nov 12, 2003

    Posts: 2,315

    Location: Skipton

    As you'll basically have no intention to claim for any damage you do yourself it can be worth sticking a big excess on a comp policy. I used to do this when younger.
  8. frying_pan_cat


    Joined: Nov 6, 2006

    Posts: 715

    Location: Devon

    I've found higher excess doesn't necessarily equal lower premium, it actually can go up if you increase the excess. I guess after a certain point they realise you're using it like a tpft policy

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