In many countries and states, it is essential for you to have your vehicle insured before you take it out on the road. The first time you get a quote for insuring your car, there is a temptation to ignore fully comprehensive insurance and go for the cheaper option of third party fire and theft. When you opt for third party fire and theft insurance it is actually a false economy because if you have an accident, it will only cover damage to the other person and their vehicle, not your vehicle.
Fully comprehensive car insurance means exactly what it implies, that you covered for everything, so if you are involved in an accident and your car is a write off, you will receive its replacement cost. In the long run, it makes more sense to take what may appear to be the most expensive option, because it will save you money if the unexpected does happen.
An all-inclusive insurance policy will usually include breakdown insurance as well, although you would need to check this out with your insurer as policies do vary. Breakdown insurance is something every driver should have if they do not want to find themselves stuck in the middle of nowhere with a car that just refuses to go any further.
If you go on holiday you would probably ensure that you had fully comprehensive travel insurance just in case the worst happens and you have to be treated in hospital and then air lifted home.
Most insurance policies whether it is your car, general travel, or comprehensive health insurance, are more cost effective in the long run when you are covered for all eventualities. If you do not want to find yourself stuck with medical bills that you cannot afford and a car that is only fit for the scrapper’s yard, then you should always opt for all inclusive car insurance.