There are two very common kinds of auto insurance namely the comprehensive auto insurance and third party auto insurance policies. For anyone who has a vehicle, perhaps the best auto insurance policy one can ever dream of having is the comprehensive policy. This is a policy that covers everything about the accident regardless of liability. The third party auto insurance policy only covers damages on third parties who may be involved in the auto accident. If there is no third party involved, the car owner simply repairs their own car and claims nothing from the insurance policy provider. It is however comparatively cheaper as compared to comprehensive auto insurance.
In simple terms, comprehensive auto policy will actually pay in full for the insured value of the car as well as any victims that may be involved in the mishap. As compared to third party auto insurance policy, this policy gives the car owner as well as any passengers in the car the peace of mind that everything will be taken care of should anything go wrong. It is however important to also note that the premiums for comprehensive auto insurance policies are much higher. This is only understandable considering that you must pay for whatever policy or risks you want covered. It is perhaps a better kind of policy because you can drive without having to worry about any likely misfortunes that can take place on the road.