This ‘money saving tip’ can cost you more money
According to a driving expert, scrimping on this one element could cost you more in the long run.
Alex Hasty, associate director at Compare the Market, said: “Third-party cover is the legally required minimum level of car insurance that drivers need.
“But our figures show that drivers with comprehensive policies typically pay half as much for insurance as those with third-party cover.”
There are three main levels of cover when it comes to car insurance.
Alex said: “Third-party policies provide less cover for claims but can cost more as insurers’ risk modelling anticipates that drivers with third-party cover are more likely to make a claim and could claim for larger amounts.
“There can also be less competition for drivers in the third-party market so insurers aren’t fighting to offer the best price.”
Click HERE to read more.
This post first appeared on thesun.co.uk
