Considering the amount of money you spend on buying and maintaining a car, it just doesn't make sense not to have it insured. Unfortunately on our roads anything can happen. Accidents are a common occurrence (it doesn't have to be your fault), and then there is of course crime - the amount of hijackings and breaks ins per year keeps going up. To avoid losing hard earned money, you have to protect your investment. This is where vehicle insurance comes in.

Insurance Companies generally offer three main types of insurance:

Third party only insurance (TPO)

This is the cheapest type of insurance available. It only covers you against damage caused to another party's property - or a third party driver.

This means that neither you nor your car will be insured, so if your vehicle is stolen you won't receive any money.

Third party fire and theft cover (TPF&T)

If you can afford it, TPF&T is a better option than TPO as it adds cover against your car being stolen, or set on fire.

As with TPO, no payment will be made towards the repair of the vehicle.

Comprehensive (Full Comp)

This is the best policy you can buy. You will be covered if your vehicle is stolen, set on fire and any damage to your vehicle will be paid for - whether you are responsible for the accident or not.

And as with TPO, damage to a third party vehicle will also be covered.

TIP: Make sure you ask the right questions, and do as much research as possible in order to find the correct insurance for you.

Factors influencing vehicle insurance:

• Age A vast amount of insurance companies offer higher premiums to younger drivers because of the higher rate of accidents among drivers aged 17-24


• Power and performance If you have a high performance car your insurance will increase, due to the expense of the vehicle as well as the desirability of the vehicle to thieves. Where you park your vehicle will also play a part in the final quote.

Get hassle-free vehicle insurance today - with InsuranceBusters!