Comprehensive Insurance Vs. Third-Party Liability Insurance: Which Gives You Better Coverage?

​Vehicle insurance is a necessity when you are driving in the states. It gives you the peace of mind you need whenever you are driving your car. In this article, you are going to see its worth regarding the coverage of risks and help you decide what kind of insurance do you need. 

Comprehensive Insurance
Comprehensive insurance offers a wider scope of protection against damages that may happen to you, and the other party, in case of an accident. Because of its scope, the premiums for getting a comprehensive insurance policy is quite pricey.
Here are the coverages:

• Damages to the car by animals, or civil disturbances 
• Fire
• Theft
• Natural Disasters
• Legal Liability to Third-Party
• Personal accident coverage

Without it, you will have to pay for all of those mentioned above from your pocket.

Third-Party Liability Insurance
Its policy recommends coverage against any legal liability to a third-party caused when you are at fault. It also covers any damage or injury initiated by the insured, to another person or property. It is mandatory to other countries in the world, but in the US, drivers are required to carry at least the minimum liability coverage. The premiums are also more affordable.

If you happen to need more coverage than usual, you can also acquire the Third-Party Fire, and Third-Party Theft insurance. There will be additional premiums as well.

Which one should you get?
The main difference between the two is the kind of protection they offer. Third-Party Liability insurance only covers you against third-party impairments and forfeitures. Comprehensive car insurance will cover your damages as well.  

It is a well-known fact that third party and third party fire and theft cover were much cheaper than comprehensive insurance. Many people also see comprehensive insurance as an exorbitant choice. But that is not the case all the time. For younger car owners, they should get comprehensive insurance. It’s more practical and relatively cheaper for newbies than getting separate Third-Party Liability Insurances for Fire and Theft. Perhaps companies purposely inflated the premiums for newbies for very obvious reasons. For experienced drivers and car owners, these Third-Party liability insurances are still lower by only 1% compared to comprehensive insurance!

Always check with your insurance agent before you get a policy. Compare notes and choose which one would best suit your needs. Sometimes, it’s better to seek advice before and learn, than live with the consequences afterward.

At Cornerstone Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (888) 661-8831. You can also request a free quote by CLICKING HERE.