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  • Writer's pictureMax Insurance Brokers

Third Party versus Comprehensive - which one should you choose?

Updated: Jan 20, 2020

Choosing the right kind of insurance can be crucial, especially when you’re living in Malta, with all the traffic accidents happening on the daily and whatnot. However, deciding between a third-party or a comprehensive cover is very much dependent on the car you drive as well as the price you’re willing to pay. It goes without saying that having a basic motor insurance cover is the law, but that’s not to say you should necessarily go for that option either. Let’s take a look at 4 things you absolutely need to consider before deciding which motor insurance cover is most viable to you.

Coverage


Naturally, the main difference between third-party and comprehensive insurance lies with the kind of coverage each one offers. While a third-party insurance only covers you against third-party damages, having a comprehensive motor insurance will cover you for your own damages too, albeit for a higher premium on that policy.


Price

Although third-party is more than often cheaper than comprehensive, it still may just end up costing you more in the long-run, depending on the car you drive. If you’re driving an old clunker that’s cheap to repair, then it’s safe to say that third-party is probably the way to go for you. However, if you happen to be driving an expensive car that costs a bomb to repair, you will very likely need to pay a lot more if you crash. In that case, a comprehensive insurance cover is more suitable for you.


Still unsure about what motor insurance cover is more viable to you? Don’t worry, we’re here to help!



Customisation


Unfortunately, and even though this is largely dependent on the insurer themself, third-party car insurance leaves very little room for customisation. With a comprehensive cover on the other hand, you can often benefit from a few extra add-ons thrown into the mix as well. Such add-ons may include windscreen repairs, the use of a courtesy car if yours is being repaired, engine and gearbox protection, breakdown assistance, etc.


Natural Disasters


Let’s face it, no matter what kind of coverage you decide to go for, nobody can control nature’s many furies. But, with a comprehensive cover, you can at least protect your car from any damage caused by the aforementioned. Whether it be a flood, storm damage or an earthquake, your vehicle can be protected all throughout.


Now that you know the most important differences between third party and comprehensive covers, feel free to drop us a line. We’ll help you get the right policy at the right price!

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