Motorists are choosing the cheaper option of Third Party, Fire and Theft, rather than fully comprehensive. The third party option will not cover the drivers own care, but will cover damages to any other vehicle.
The last few months has created a huge financial struggle, which has made around 10% more people choose this option.
Motorists cut back on Car Insurance
Cash-strapped motorists are cutting back on comprehensive car insurance to drive down costs, it was revealed.
In the last 12 months, there has been a 10% increase in the number of drivers choosing third party, fire and theft cover rather than comprehensive when they renew policies, insurance company Swinton said.
This is really surprising that people are opting those options that are actually not of much benefit when compared to fully comprehensive coverage. I think its a big mistake on their part to chose cheaper option and avoiding the most important option.
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