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Is it worth having fully comp on an old car?

Fully comprehensive car insurance covers you for any damage to yours or another's vehicle should you get into an accident. If you’ve got an old car, you might wonder whether this kind of policy is worth having.

After all, it provides better coverage than third-party, so it must be more expensive. But strangely enough, this isn’t always the case.

Despite being slightly counter-intuitive, fully comprehensive car insurance can be cheaper than third-party only. This is because there are proportionately more claims by those with third-party coverage. So, this means that many providers will actually charge more, as there is a statistically higher chance of an accident.

It’s important to note that this isn’t always going to be the case. However, it’s worth checking as if you can get more for less, then why wouldn’t you?

If you are in a situation where a third-party is cheaper, then, depending on the value of the car, third-party might be worth considering. 

When a provider is assessing how much your policy will be, they will look at a few different factors. One of the most influential will be how much your car is worth. If its value is lower, then a potential claim would be a lot less. Therefore, your premiums could be very affordable.

As you can see, whether you should have fully comp on an old car depends on a few factors. We would always recommend checking out how much fully comp costs before taking out a third-party policy, as most of the time, you will be able to get a deal that is at least comparable in price.

*51% of consumers could save £518.14 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from June 2025 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

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