Buying a new car is a milestone event, regardless of whether it is your first, second or third! The research involved, test driving options, checking out cars on the road and reading reviews, is a very involved process. But often insurance comparisons are left out of the information gathering.
Depending on how you plan to use your car, your age, who else will drive the car, it is important to choose a policy to cover all possible scenarios. The various levels of car insurance generally cover the type of damage that may occur;
Compulsory Third Party (CTP) is required as a minimum by law and covers damage to other people’s property (i.e. their car or home) and legal costs,
Third Party, Fire and Theft includes CTP as well as some cover if your own car is damaged due to fire or stolen,
Comprehensive insurance covers damage to your own vehicle and other people’s property if your car is involved in an accident or is stolen.
Your car insurance cover will be categorized as either agreed or market value which will affect the cost of the policy. An agreed policy includes a set value for your vehicle, while a market value policy relies on a valuation based on make, model and year.
Port Group can help get you some quotes and you choose the best option/price for you.