Third-party auto insurance: definition and guarantees
Also called “liability coverage”, third party auto insurance is the most basic form of auto insurance. This is the minimum compulsory insurance formula imposed by law for all vehicle owners. This basic coverage is the cheapest auto insurance option. It is essential to protect other road users. Indeed, it only covers bodily or material damage that the driver causes to others.
Third party auto insurance does not cover any bodily damage that the driver may suffer. Thus, in an accident for which the driver is responsible, the owners of damaged material goods or those who have been injured are compensated. On the other hand, the driver and his vehicle are not protected.
Third-party auto insurance does not reimburse damage due to natural disasters, fire, vandalism or theft.
Third party auto insurance: for whom?
Third party auto insurance, while the least protective, is the most beneficial for certain vehicles and motorists. This insurance is the one for you if:
- You are a young driver;
- You are unhappy;
- You own an old car that has been in service for more than ten years;
- Your car is of low value;
- You don’t use your car often.
Choosing third party auto insurance is attractive as long as it is affordable. If you are a young driver or a malussé driver, it allows you to reduce your car budget, especially if you are forced to pay an insurance premium that is more expensive than the average each year. If your car is old or of low value, premiums for comprehensive insurance can cost you much more than the amount of compensation for damage to your vehicle. This is an attractive alternative for auto insurance for your second car that you rarely use.
Third-party auto insurance: you can add additional guarantees
When you purchase third-party auto insurance, you can add additional coverages to your contract as needed. You have the option of supplementing your coverage by choosing other options. Thus, your insurance covers the risks that you are likely to incur. Third-party auto insurance can be personalized so that you don’t have to purchase comprehensive insurance that can cost you significantly more. To choose your insurance company, it is advisable to refer you to an online insurance comparator in order to study the available offers and obtain free quotes.
To read also:
Road safety: cyclists more and more victims of accidents
How to avoid road accidents?
