Car insurance is very essential for everyone including drivers who are experienced as well as beginners. The importance of car insurance lies in the fact that it covers the expenses for which a car is insured in case of theft or an accident. Car insurance is a pact signed between a car insurance company and the person whose car is to be insured. Here are some types of car insurance policies that cover various damages that can occur during an accident or a theft:

• Fully Comprehensive Car Insurance – As the name suggests, a fully comprehensive car insurance policy provides cover to the car owner against any misfortunate event that may happen. It insures almost all the accessories in your car completely which makes it ideal in case your car is stolen. Also, the policy covers the damages occurred to your car as well as other vehicles involved in case of an accident.
• Third Party Car Insurance – The third party car insurance policy insures you only in situations of accidents aroused as a result of your fault. In this type of car insurance, you act as the first party whereas the car insurance company is the second party. The third party is the owner of the vehicle involved in the accident. The damage done to the vehicle of the third party is covered by the Third Party Insurance along with any injuries suffered by the passengers. The insurance company is not responsible to bear the expenses of your car damage.
• Third Party, Fire and Theft Insurance – The third party, fire and theft insurance works along the similar lines like the third party insurance. The car insurance company is subjected to pay for the damages occurred during an accident if and only if it is your fault. Besides, the insurance company pays for your car damage either if the car catches fire or it is stolen.

These are the three most common types of car insurance policies available. After a proper analysis of your requirements from car insurance, you can decide and opt for the insurance policy that is best suited for you.