Looking At Insurance Motor Cars Might Require

Any person who owns a motor car will know how much it costs to repair damage from an accident or even just to pay for the regular services that every car needs. The last thing that you what is to have your car damaged in an accident that was not your fault and still be forced to pay for the damages because the person who hit you does not have insurance and neither do you. So let us take a look at the various kinds of insurance motor cars might need…

Third-party insurance

If you possess a really old car that does not have much of a resale value then this is probably the right kind of insurance for you. What happens when a car is damaged in an accident is that the car is assessed for the cost of repairing the damage. If the cost comes to more than a certain percentage of the amount the car is insured for as its replacement cost, then the car is written off. If you drive a really old car then the likelihood of this happening is much higher than if you drive a new or really expensive car. The third-party insurance that motor cars can have will cover the damages to the other person’s car so you will not be liable for that but damages to your own car will be your problem. This does not sound like a very attractive proposal but it is usually not worth getting any more insurance than this for an old car.

Comprehensive insurance

This kind of insurance motor cars can have will cover a lot more than third-party insurance. This kind of insurance will be ideal for more expensive cars or cars that have a good resale value because they are still relatively new. This is because the damage that an accident would most likely do would have to be really severe to cause the car to be written off. Comprehensive insurance will cover damages to your car that originate from a wide range of sources as well as damage that is caused to a car in an accident that was your fault. It is a lot more expensive than third-party insurance though, so be prepared for a shock if you apply for the comprehensive type of insurance motor cars can have.

There are other options when it comes to car insurance. There is the ‘pay as you drive’ option which more and more insurance companies are adopting where you only pay according to the amount of driving that you do. This is a very attractive option for people who do not do a lot of driving.

Regardless of the car that you drive though, you need to have some kind of insurance. You need to be sure that you will be able to either repair or replace your car if it is involved in an accident whether it was caused by you or not. The kind of insurance you get is up to you, just make sure that you have some before you go out on the road.

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