For some time now, the number of people who refuse to replace their old cars with new models has increased. Some of these people mistakenly think that insuring an old or second-hand car will cost less than insuring a new car, but the truth is that this is not necessarily is true in all cases. If you want to ensure your old or second-hand car, you should bear in mind that the process should not be different just because your car has traveled a few kilometers over the years. Remember that insurers when calculating the insurance premium will take into account several factors other than the age or appearance of the vehicle. So you are probably wondering if expensive insurance (like comprehensive insurance) is really worth paying for your old car. This is why today we will give you advice about certain aspects that you should take into account before deciding to take out comprehensive insurance for your old vehicle.
Do not purchase insurance for your car without first evaluating all the options
Before selecting specific insurance, evaluate all other insurance alternatives and their benefits. In the UK legally you must have at least a basic level of car insurance, called third-party (even if you do not drive the car). In addition to the third party car insurance, there are two other levels of vehicle insurance: The third party, fire and theft insurance, and the comprehensive insurance. An insurer that will suit you widely if your goal is to save money is Nova Direct Car. If you want to know a little more about this insurer and its benefits, we recommend you to read the Nova Direct Car Insurance experiences.
Evaluate what each level of car insurance covers and select the one that best suits your needs
- Third party insurance: The main feature of this insurance is that it covers other people (third parties), but it does not cover you. That is, if you hurt someone or damage his/her property, that person and their belongings will be covered, but if your car is stolen or suffers any damage, you will be the one who will have to pay for that theft or damage. This level of insurance is not necessarily the cheapest, and it may be convenient for you only if you cannot find comprehensive insurance at an affordable price.
- Third party, fire and theft insurance: This is almost the same as the third party insurance. The only difference is that it does cover repairs or replacement if your car is stolen or damaged by fire.
- Comprehensive insurance: This is the highest level of coverage because it not only covers the basics of third parties, fire and theft but it is also the only one of the three levels that protects you if your car suffers damage, even if the accident was your fault.
After evaluating the advantages and disadvantages offered by the three levels, we could conclude that comprehensive insurance is the best option to protect your vehicle regardless of whether it is new or old. So in effect, it is a level of insurance that is worth hiring.