Fully comprehensive is traditionally the most expensive and covers everything - damage to your car, personal injury costs and any third party's vehicle and property.
On very old, cheap cars, annual comprehensive premiums can cost more than the car is worth. But it's a must if you are buying a car using a credit agreement or a loan because if the car is a write-off or stolen you still have to
continue paying the finance.
Third party insurance is the minimum legal cover allowed and is typically comparatively cheaper. It covers damage to the other person's car or compensation but if your own car is stolen, burnt out or damaged it is not covered.
If you are considering third party insurance double check that it is actually cheaper. One of the upshots of the rising cost of insurance for young or risky drivers over recent years is that third party cover - the one they usually take - has shot up in price and can be more expensive than comprehensive. The best way to double check is to use a car insurance finder, such as This is Money's.
If you are in an accident that isn't your fault, it's highly likely you will be offered the chance to try and get a hire car through legal cover, ie a solicitor acting on your behalf will claim against the other party.
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