Asda Money t/a Asda Financial Services Limited

October 04, 2012 01:00 ET

Comprehensive Car Insurance Explained

LEEDS, UNITED KINGDOM--(Marketwire - Oct. 4, 2012) - Comprehensive car insurance is the most popular type of insurance for UK motorists. To help motorists in their search for best value motor insurance, Asda Money offers a guide to comprehensive car insurance.

According to figures from Asda Money, a staggering 93% of Asda customers have taken out full comprehensive car insurance*. A third of UK drivers have also opted for the all inclusive insurance**. As a growing number of motorists opt for the all inclusive car insurance, Asda money reveals how it could benefit you.

What is comprehensive car insurance?

Comprehensive car insurance, which is also known as fully comprehensive, is the highest available level of car insurance. It provides the same level of cover as third party insurance, but with additional extras. For example, accident damage is also covered with comprehensive car insurance, but not always on third party.

Typically with this type of insurance you are protected against injury, damage and accidents, even if the accident was not your fault. Whilst you might have to pay an excess fee on a claim, there are a number of other benefits to comprehensive car insurance.

What are you covered for?

Comprehensive car insurance typically covers motorists for loss or damaged caused by fire, theft or attempted theft. Loss or damage to audio equipment, liability if someone else is hurt or killed as a result of an incident involving the insured vehicle are also commonly covered with this type of insurance, however it would be advisable to check your policy for details. Personal injury to you, a spouse or your insured drivers is not often covered with third party insurance but can be with comprehensive cover.

There are a number of benefits to fully compressive compared to third party insurance. Third party, fire and theft car insurance is the second most popular option for Asda customers with some 4%*** taking out this level of cover. This type of insurance could also cover you for loss or damage caused by fire but might not cover you for accidental damage.

There might also be a cap to the amount you can claim on, however policies could vary and it could be worth reviewing exactly what you are covered for and the benefits you could have.

Asda Money could help those looking for cheap car insurance.

Notes to editors

*Source: Asda Insurance Research (Nov 2011), 93.93% of those polled said they have fully comprehensive car insurance.

** Source: What Car Running A Car - Car insurance explained 24/05/12
http://www.whatcar.com/car-advice/running/car-insurance-explained/3487408

*** Source: Asda Insurance Research (Nov 2011), 4.18% of those polled said they have third party, fire and theft car insurance.

About Asda Car Insurance

  • 5 star Defaqto rating
  • Breakdown* and legal cover included as standard
  • Cover starts from £261**
  • Multi-car cover, for up to 4 cars and people (subject to underwriting criteria)
  • A courtesy car as standard following an event that is covered by your policy
  • 10% online discount
  • Protected No Claims Discount for the life of your policy, at no extra cost, if you're entitled to 4 or more years No Claims Discount at the point of purchase

* For vehicles under 8 years of age. Applies to comprehensive policy only. Cover is added on the first day the policy starts or renewal date.

** 10% of all customers buying car insurance with us from 1st Jan 2012 to 30th April 2012 paid £261 or less. Source: Southern Rock Insurance Company Limited. The premium you pay will depend upon individual circumstances, cover chosen and driving history.

Asda Money is a trading name of Asda Financial Services Limited. Asda Financial Services Limited uses a selection of companies to provide its products and services. Please refer to www.ASDA.com/money for details of our product partners and the relevant terms and conditions for each of our products and services.

Asda Car Insurance is a trading style of Asda Financial Services which is an Introducer Appointed Representative of Commercial Vehicle Direct Insurance Services Ltd, who are authorised and regulated by the Financial Services Authority (Firm reference No. 302216). Commercial Vehicle Direct Insurance Services Ltd registered in England and Wales number 04137311. Registered office: MMT Centre, Severn Bridge, Aust, Bristol BS35 4BL.

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