Types of Motor Insurance

There are different types of Motor Insurance available. It is important to choose the correct one as per your needs and requirements. The types of motor insurance are as follows -

1. Comprehensive Car Insurance
This type of motor insurance covers loss or damage to the insured vehicle, liability to third parties, and various other sections depending upon the type of car or vehicle involved. Some of the extensions to the cover are as follows -

a. Personal Accident Cover
b. Rugs
c. Coats and Personal effects insurance
d. Medical Expenses Cover
e. Legal expenses and so on.

2. Third Party Fire and Theft
This policy covers third party liability risk plus damage to the car if caused either by fire or by theft.

3. Third Party only
Third party insurance covers third party liabilities as a minimum legal requirement for motor insurance keep in line with the compulsory insurance requirements of the Road Tariff Act of 1988.

Tips on how to save on motor insurance premiums.

The lesser you use your car, the more eligible you are for a discount. Inform your insurance company about your usage and get a reduction on your premium.

The policy could be cheaper if a person other than yourself would be driving your car, it would make sense to name them on your policy.

Statistics has shown women to be safer drivers than men or at least less prone to accidents. This makes women eligible for cheap motor insurance than their male counterparts.

Shop around and get as many quotes as possible before inking the dotted line.