Car Insurance Companies No Longer Want Your Money!

                      Car Insurance companies no longer want your money!

I have been driving in the UK for 29 years and being law abiding I have never driven without road risk and collision damage insurance.  The thought of having an accident and having to pay compensation for the rest of my life should be enough for any motorist to be fully and correctly insured.

There are three basic types of insurance available to motorists in the UK,

1. Third party only, this is the lowest form of road risk insurance and it only covers a third party I.e. another motorist other than yourself in an accident.  Third party only insurance is very hard to find these days.

2. Third party fire and theft, This is an intermediate level of cover. In the event of an accident the insurers will pay compensation to the third party if you the insured is at fault. Secondly if your car is stolen your insurer will compensate you at the market value of your car. Thirdly if your car suffers from a fire which renders the vehicle a write off you will also be compensated. As with third party only insurance, Third Party fire and theft insurance cover is dieing out.

3. Fully comprehensive insurance, this is as described on the tin. You should be covered for any damage to your car in nearly ever scenario. Theft or slight damage will be covered by your insurance company. Windscreen cover is sometimes included in fully comprehensive insurance as standard, however some companies do not cover windscreens without extra premium.

Over the last few years Insurance companies have become very greedy and devious to the point of operating sharp practises to their insured, I.e. you!  With all levels of insurance there will be an excess to pay in the event of a claim. As an example if your car is damaged on the drivers door and needs the door replacing you will be required to pay the first part of the claim this is termed as your excess.

  
Excesses have been slowly rising year upon year until recently, now excesses are going through the roof!  I will use myself as an example as I have the figures to hand. Six years ago I took out a policy with Direct Line insurers which is one of the biggest insurers in the UK.  My excess in the event of a claim on my Fully comprehensive cover was £60.  The excess slowly rose every year I.e. £70 then £100 to eventually it now stands at £250! Excess.