Third party only car insurance.

Car insurance is a legal requirement and third party cover is the minimum level of cover required under UK law. And, due to its basic level of cover, third party car insurance has long been considered to be the cheapest way to insure your vehicle.

But this is not always the case as more and more customers that compare quotes with moneysupermarket.com are finding that fully comprehensive policies not only provide the highest level of cover but are actually the cheaper option.

Third party car insurance ensures that compensation is available in the event of damage caused to someone else's property, including the cost of repairs to another vehicle, and injury caused to any third parties, including your own passengers.

You will also be covered for any accidents that arise from the use of a caravan or trailer attached to your vehicle as well as any accidents caused by your passengers.

The major downside to this type of policy is that there is no cover for yourself if you were to suffer an injury nor is your vehicle covered for any damage sustained in an accident, theft or through an act of vandalism.

Is third party insurance right for you?

It is accepted wisdom that this type of policy is the best option for new drivers with no insurance or those with cars of a very low value. But this is no longer the case and, now that fully comprehensive car insurance is often lower in price than many third party only policies, it's difficult to know who would actually benefit from this level of cover.

If you own a car that has a high value then it's probably a better idea to take out a policy with greater coverage than third party only car insurance as any saving you might make through the lower level of cover my be negated by the cost of repairs to, or replacement of, your own vehicle after an accident.

In addition, this level of cover does not provide any

 pay out to cover damages in the event of an accident or a replacement if your vehicle is stolen.

So when choosing your level of cover it's always worth using our price comparison tool to compare third party car insurance quotes against the different types of policy to ensure that you get the greatest level of protection at a competitive price.