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Fully comp on a cheap old car?

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  • 03-03-2017 1:46am
    #1
    mikeoneilly
    Closed Accounts Posts: 479 ✭✭


    Is there any point having fully comp on a cheap runaround (1k value)

    Or is better to have 3rd party

    You wouldn't claim for your own anyway would you if it got damaged?


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    #2
    Steve
    Moderators, Category Moderators, Entertainment Moderators, Sports Moderators Posts: 22,584 CMod ✭✭✭✭Steve


    TPFT only.
    Fully comp will cost you more than the car is worth. (Take into account premium, excess, etc.)


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    #3
    Del2005
    Registered Users Posts: 18,924 ✭✭✭✭Del2005


    My last few times looking for insurance TPFT or TPO was more expensive than fully comp, not that I've cheap cars.


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    #4
    Steve
    Moderators, Category Moderators, Entertainment Moderators, Sports Moderators Posts: 22,584 CMod ✭✭✭✭Steve


    Del2005 wrote: »
    My last few times looking for insurance TPFT or TPO was more expensive than fully comp, not that I've cheap cars.

    What was the value?

    The OP's is only 1k..


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    #5
    Del2005
    Registered Users Posts: 18,924 ✭✭✭✭Del2005


    Steve wrote: »
    What was the value?

    The OP's is only 1k..

    You should never get a quote for a 1k car;) I usually bottom out at about 4k for quotes, as I found going lower increased the premium.

    04 Punto for my mother was coming in more expensive for TPO/TPFT v's fully comp.


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    #6
    beauf
    Closed Accounts Posts: 22,651 ✭✭✭✭beauf


    Steve wrote: »
    TPFT only.
    Fully comp will cost you more than the car is worth. (Take into account premium, excess, etc.)

    For me there was no difference. Comp was cheaper slightly.


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    #7
    Steve
    Moderators, Category Moderators, Entertainment Moderators, Sports Moderators Posts: 22,584 CMod ✭✭✭✭Steve


    beauf wrote: »
    For me there was no difference. Comp was cheaper slightly.

    Again, what declared value?

    I'm interested... maybe for low value cars there is an exception. :)


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    #8
    beauf
    Closed Accounts Posts: 22,651 ✭✭✭✭beauf


    1K, I think I raised the excess to 350 or such. Had the same policy for a good few years.


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    #9
    Steve
    Moderators, Category Moderators, Entertainment Moderators, Sports Moderators Posts: 22,584 CMod ✭✭✭✭Steve


    So , say you paid for 3 years, it's more than you paid for the car...

    Sorry, insurance just gets my heckles up.. :D


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    #10
    beauf
    Closed Accounts Posts: 22,651 ✭✭✭✭beauf


    The only way to avoid that is not have a car.


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