In most parts of the world or countries car insurance is a must as it is illegal by law to drive an uninsured vehicle on public roads. Most income protection insurance companies handle car insurance as it is probably now the most important or most used type of insurance among people today. Car insurance premiums are very competitive across the different insurance companies. Everyone is trying to find the edge so that they can get as many customers as possible. Some may offer safe driving discounts for every year of safe driving without an accident. They may have slightly lower premiums. These car insurance providers will also have 2 options for insuring your vehicle. One would be third party insurance which enables you to legally drive on public roads but does not cover your vehicle. Instead it covers anyone’s property that you damage should you be involved in an accident. The other type of car insurance is the comprehensive policy. This policy covers both you and the other party in the event that an accent occurs. This is usually done in new cars as the value is very high. For older cars however you may find that the insurance companies will only give you the option of doing a third party insurance on them.