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Fully Comp or 3rd Party?

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  • 02-03-2006 5:18pm
    #1
    nirmalkishore
    Closed Accounts Posts: 10 ✭


    I thought this would have been a popular enough topic and checked all the posts but no luck.
    I got a new car and getting car insurance for the first time in my life. I am a bit confused about makiing a choice between Fully Comprehensive and 3rd Party fire and theft insurance. Can someone tell me what would be the advantages and disadvantages.

    Thanks


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  • Options
    #2
    johnnyrotten
    Registered Users Posts: 3,593 ✭✭✭johnnyrotten


    Third party only covers the third party i.e. the other car(s) so if you are in an accident the other cars are insured and not yours. So if yours is a write-off you are not covered

    Fully Comp covers you too


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    #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,712 Mod ✭✭✭✭Henry Ford III


    TPFT covers you for 3rd party damage, fire and theft - if you crash into someone their car repair bills and any personal dmaages claim. It does not cover your own repair costs.

    Comp. is comp.


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    #4
    kdevitt
    Registered Users Posts: 2,278 ✭✭✭kdevitt


    johnnyrotten wrote:
    Third party only covers the third party i.e. the other car(s) so if you are in an accident the other cars are insured and not yours. So if yours is a write-off you are not covered

    Fully Comp covers you too

    If you're in an accident that you're at fault for that is - although I'm sure thats what you meant.

    One thing that sways it for me everytime now is the whole uninsured drivers issue. If you're Fully Comp, and get hit by an uninsured driver, you can claim immediately against your own policy, which in turn claims against the MIBI - and your no claims bonus isn't affected. If you're covered tpft, you have to make a claim through the MIBI, which can take quite a while and leave you stuck without your car.


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    #5
    m_stan
    Registered Users Posts: 1,653 ✭✭✭m_stan


    For me, if you're buying a new car that's worth a lot and the price difference between 3rd party and comp is affordable then get the comp. It's worth the peace of mind if nothing else.

    If you're driving a banger and/or the price difference between the policies is huge then don't bother.

    That's my plain and simple formula for determining which to get ;)


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