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About 20% students own a car in UK. As freshly graduated drivers, they tend to face car insurance premiums because they just start driving. Three basics level of cover are automatically offered to students. The third party fire and theft is about protecting you if your car is destroyed by arson or stolen. This is one of the most popular options for young drivers especially when they are still at school.
Why? They very often buy cheap and old cars, easier to steal in comparison to the new vehicles, which need a set of key to be forced.
Young drivers live in low-income areas where criminality is above the national statistics. The third party only insurance, cheaper deal available on the market for this population covers the minimum incidents allowed by the legal system. This package never covers the young drivers or their cars if they are damaged, destroyed or stolen. In the same way, if these drivers are responsible for an accident, there is no compensation.
The comprehensive car insurance scheme is the one, which may provide the most useful protection for both young drivers and their cars. Covered when you are faulty is possible because of the high charge also called “excess”, applicable to the insured drivers. £300 is the first portion of the cost of a claim you need to pay to start the repair. This last option is a guarantee for serious incidents only as the minor injuries are not taken into consideration.
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