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Here is a useful guide to car insurance. Buying car or motor insurance is important as it is legally enforced in the UK . You are required by law to have a policy to cover your liability to other road users.
Car Insurance protects motorists and drivers against liability in the event of accidents they may cause. It can also provide cover for the motorist's own vehicle. If you are the cause of an accident the car insurance company will pay your liability to other people involved in the accident.
Car insurance is a contract between you and the insurer, specifying each party's rights and obligations. Essentially the car insurance company promises to provide specific coverage for you in return for your payment of the car insurance premium.
Many different types of car insurance cover are available, ranging from third party cover which protects individuals against liability should they injure a third party or cause damage to a third party's property, but does not provide any cover for the individual's own vehicle or property, through to comprehensive cover, which can offer protection for accidental damage, theft, fire damage as well as liability towards third parties.
The basic legal requirement is Third Party Fire and Theft but this will not cover you for most things that can happen to your car.
The two main types of car insurance available in the UK are:
Third Party Fire & Theft Insurance which covers the following:
Liabilities for injuries to other people, including passengers
Liability for damage to other people's property
Liability of passengers for accidents caused by them
Liability of fire and theft
Fully Comprehensive Insurance which covers the following:
Liabilities for injuries to other people, including passengers
Liability for damage to other people's property
Liability of passengers for accidents caused by them
Accidental damage to your own car excluding any excess
A personal accident benefit
Medical expenses up to a stated limit
Loss or damage to personal effects in the car, up to a stated limit
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