No, not always. Some insurers offer cheaper cover when you take out a comprehensive policy.
This is because these insurers find that high risk drivers choose lower levels of cover to try to save money.
Although some companies will quote you less for a third party, fire and theft policy, be aware that you will not be fully protected.
What does third party, fire and theft cover?
It protects you against:
Any damage or injury you cause to another car or other third party property
Loss or damage caused through the theft of your vehicle
Any damage caused by fire
For example, if you crashed into another car and both vehicles were damaged, you could only claim to cover the cost of the repairs to the other driver's car. You would have to pay to repair your own car yourself.
However, you would be able to claim if your vehicle is stolen or damaged by an accidental fire or arson.
Who should get a third party, fire and theft policy?
This level of cover could be a good option if you drive an inexpensive car that would not cost much to repair. This is because you will not have to pay out as much if your car is damaged in an accident.
However, this is only worth considering if it is cheaper than comprehensive cover, so you should still get quotes for both levels.
How to find the best policy
Always compare as many quotes as possible to find the best cover. The table above shows insurance companies that offer third party, fire and theft cover, but you should compare comprehensive policies too.
The best policy will offer the most protection for the cheapest price. Third party, fire and theft insurance may cost you more if you have an accident because you will have to pay for your own repairs.
Try these 10 ways to cut the cost of your car insurance to help you get the best possible deal.
Third party, fire and theft car insurance FAQs
Is third party, fire and theft cheaper than comprehensive cover?
Not always, so make sure you get a range of quotes for both levels of cover before you buy a policy. Here is what each level covers you against.
Can I get third party only cover?
Yes, some insurers offer this but not all. It is the minimum legal cover you can have to drive in the UK and will only cover third party claims.
How much does third party fire and theft car insurance cost?
The cost of third party, fire and theft insurance depends on factors like: your car, age and where you live. This guide explains how it is worked out.
Is third party fire and theft better for young drivers?
No, because you will not have much cover in place compared to comprehensive cover and it is not always a cheaper option.
Do I need added extras?
Check what comes as standard with your policy before you add extras like breakdown cover. Here is how to work out which extras you might need.
How can I get cheaper car insurance?
There are several things you can do to get cheaper cover. Try these 10 easy ways to cut your car insurance costs.
Is it cheaper to pay annually or monthly?
Paying annually in one go will usually work out cheaper because if you pay monthly you will be charged interest of up to 30%.