Wednesday, 14 October 2009

How to choose car insurance

How to find the right car insurance and save on the premium.

There are a number of different types of car insurance:

  1. Compulsory third party (CTP or green slip insurance) is the most basic cover and every car must have it. It provides essential cover against claims for compensation if you injure or kill someone in a motor accident.

    If your car is not worth much you may think taking out CTP is enough. However, it doesn't cover you for damage caused to other people's property (if you're unlucky enough to run into a Rolls!)

  2. Third party property is the least expensive option. It covers you for the damage you may cause to another car and may include limited cover for damage caused to your car by an uninsured driver.

  3. Third party property, fire and theftalso covers you if your car is stolen or burnt.

  4. Comprehensive car insurance is the best cover option but also the most expensive. It includes the cost of crash repairs or replacing your car, even if you're at fault.

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