Traditionally, third party cover has been the cheapest and minimal option for anyone who is looking to insure their vehicle within the budget. But it’s better to research different forms of cover using insurance comparison tool that takes your personal circumstances into consideration.
But usually markets are updated and revised often on insurance segment. This means you may well find that third party cover doesn't represent the best value for your money, either because a fully comprehensive policy is cheaper, or you can get better quality cover for a similar price.
Secondly, it is advisable when your vehicle isn’t worth a lot of money, third party cover will be the right option for you. However, it is also important to be aware that third party insurance will not provide entire level of protection that a comprehensive insurance policy would offer.
Third party, fire and theft cover provide the same level of protection as third party cover, but additionally they also cover you in the event that your vehicle was stolen or damaged by fire.
While taking a third party cover it really depends a lot on your profile, but always make sure if you want to get quotes for Third Party do consider a comprehensive cover as well. It is always good to compare and because you might come to know that Third Party cover might not be the cheapest even though they have the least cover.
Online insurance sites are great place to get competitive quote on vehicle coverage. Online quotes help you get the most competitive quotation for you and do look at the policy wordings before you decide what suit you best. Last by not the least it is better to do check with your insurance agent if there is any cashback when you cancel the policy. Always check your policy, so you know exactly what you are and aren't covered for in the event of a claim.
For claims it is advisable you should file a third party insurance claim when you believe the other driver caused the accident. The claim involves the insurance company of the other driver in the accident, so you must contact that insurer with details about the accident, identification of the policyholder, a copy of the police report citing the other driver or eyewitnesses who can confirm your report. If things are proven right that their customer has caused the accident the company will pay for your accident expenses.