Insurance Center

Fully comprehensive car insurance is without doubt the most expensive. However, with so many cars financed by finance companies, it is also probably the most common type of car insurance – as the finance companies make it a requirement that the owner insure their automobile fully comprehensive.

In short, as its name suggests, fully comprehensive car insurance insures the owner of the car against all manner of events – from an accident to theft of the car. The upside of this type of insurance is there is no need to show ‘fault’ in order to claim. So, if you have an accident, which is not your fault, and the owner of the other car, who is at fault, doesn’t give you his car insurance details, or, worse, is uninsured, you can still claim against your own car insurance company. Similarly, if your car is stolen, then fully comprehensive insurance allows you to claim against the insurance company.

Read your car insurance policy carefully as most car insurance companies refuse to insure 100% of the value of a car, choosing instead to only insure 80%, or so, of the value. The car insurance companies claim that doing this prevents fraudulent losses of cars where the owner of the car either no longer wants the car, or is encountering financial difficulty.