Which type of car insurance is the cheapest?
The cheapest car insurance will depend on your personal circumstances – and it won’t always be third party insurance. You’d be forgiven for thinking that comprehensive car insurance is going to be the most expensive level of cover because of what it includes. But you might be surprised to hear that’s not the case for the average quote on our site.
The average comprehensive policy premium with Compare the Market is a little over £692^. But the average third party, fire and theft policy is just over £987^^. For third party, the minimum level of cover, the average price was £1,743, more than twice the cost of comprehensive^^^.
This is because insurance providers know that drivers who take out third party policies are generally higher risk drivers, such as young drivers or drivers with convictions, compared to those with comprehensive insurance.
^50% of people could achieve a quote of £692 per year for their fully comprehensive car insurance based on Compare the Market data in May 2018
^^50% of people could achieve a quote of £987 per year for their third party fire and theft car insurance based on Compare the Market data in May 2018
^^^50% of people could achieve a quote of £1,743 per year for their third party car insurance based on Compare the Market data in May 2018