Why do you have to take on the risk when somebody else is ready to take it on, think twice!!!
You can get reasonably cheap insurance cover. 
The big plus in having Comprehensive cover is peace of mind in the event of an accident, or any damage being done to your car. Most eventualities will be covered, your insurer should organise the repair of your car, and many will provide a courtesy car for you to use while your car is out of action.
Car insurance is based on such a huge number of factors about you, your driving record, your car and your personal circumstances that this is a very hard question to answer in general terms.
But generally speaking, if you have a car worth sh1 , 000,000 /= or less , then it's not worth buying Comprehensive insurance - unless you particularly want some of the extras that come with such policies.
If you have just a small accident, the cost of even minor repairs will likely add up to the value of the car. So the insurance company will just write it off.
After excesses are deducted from your car's already low market value, you'll be left with a small payout and no car. And you'll have paid extra in the first place for the Comprehensive cover.
That's why it can make more sense to only buy Third Party Fire & Theft cover on cheaper cars. You'll have to pay for repairs yourself if you have a minor accident - if you choose to repair the car at all. But at least you'll still have a car, and some saved money from paying less for your policy, in your pocket.
The real risk in this plan is if you have a serious accident and damage your car so badly that it's really not worth repairing. You'll get no money towards replacing it, so could face the loss of its whole value.
The same advice applies to drivers under 25 and those with a poor driving record , even if a more expensive car is involved. Balance how much extra you're being asked to pay for Comprehensive insurance compared to the value of your car - what you stand to lose if you have an accident.
As soon as you get over 25 or the value of your car goes over around sh1 , 000,000 /= , depending on your driving record, it starts to make more sense to buy a Comprehensive policy.
This is because your age means the extra cost of Comprehensive cover isn't so much. And the value of your car means it's likely minor damage would be repaired under the insurance, or you stand to lose such a significant amount if you damage your car beyond repair that what you'd get back is worth the cost of the cover.
Third Party insurance is really only useful for very young drivers , for whom the cost of any more cover than this is likely to far outweigh the value of the car. More cover is rarely worth paying for - often better to keep the money and pay for repairs, or a new car, if you have an accident.
Cutting the cost....
On the downside we get insurance to cut down on the cost of the unexpected for example in the event of an accident, or any damage being done to our cars however we need to cut down the cost of insurance as well.
The golden rule: shop around. Don't just sign on the dotted line to renew with your existing insurer every year, or it's likely you'll be paying more than you need to.
Why is shopping around so important? The price of insurance from the many different providers depends on a wide variety of factors about you, your driving record and your car. Insurers place different emphasis on different factors. Plus, due to the competition between insurers, each company's 'formula' also varies year-to-year.
This means that, for the same car & driver circumstances, different insurers will quote widely differing prices. And that the best for you one year might not be cheapest the next year.
Many people can save up to sh300 ,000 /= by shopping around properly. See how much costs could vary for your own circumstances using our simple formula .
Avoid paying monthly. The admin fee or interest rate for paying your premium by monthly direct debit may cost you far more than if you paid in one go on a competitive credit card.
Many insurers charge more than a typical credit card interest rate for paying in instalments - some at least 24%. So always ask the APR for paying monthly and consider using a credit card if you don't have the cash available. Ideally a card with an introductory interest-free period.
Paying up front will also prevent your insurer automatically renewing your policy, possibly at an uncompetitive rate. This will ensure you'll shop around again for the best deal available at that time. Insurers can give you very short notice in which to instruct them not to renew your policy and, if you wish to cancel shortly after they have renewed it, they may first ask you for proof that you have bought cover elsewhere. Meanwhile the brief window within which you may cancel without incurring punitive extra charges ticks away.
Consider cutting your cover - do you really need Comprehensive cover when Third Party, Fire & Theft may do? You could end up footing the bill for any repairs to your own car if you have an accident. But might that work out cheaper than a heavy premium for 'fully comp' cover?
Also, if you don't intend to use the car for commuting to and from work, say so. Limit your cover to social use only.
Finally, consider your real annual mileage. If you do fewer than the average 10,000 miles a year, say so. Insurers realise that less time on the road is likely to mean fewer claims, so will reward lower mileages appropriately. Just don't exceed the limit you have set, without informing your insurer.
Fit approved security devices. Even small items like an approved steering wheel lock can help cut your premium. Approved alarms and immobilisers cost more, but could save you up to 30% on your insurance every year. Just don't forget to actually use any security devices you have declared. If your car is stolen without them having been activated, you may not be covered.
If you're married, add your partner to your policy. It might seem strange that adding an extra person could cut the cost of cover, but perhaps insurers equate marriage with responsibility. Whatever the reason, surveys suggest doing this could be worth a 20% saving on your premium.
Garage your car overnight. Clear out all that junk from your garage and put your car in it. It's a guaranteed saving, particularly in higher risk areas.
Buy online. Most insurers give a 5 - 15% discount and other benefits for buying your cover online .
Don't modify your car's standard specification. Any mods from alloy wheels to spoilers and body kit makes insurance companies fret and prices rise.
Don't judge the premium by the excess. It's a mistake to assume that a policy with a high compulsory excess is likely to be one of the cheapest. Search out the combined cheapest and lowest excess policy for the cover you need, then consider offering to pay a higher excess to bring the premium down further.
Young drivers. C onsider adding an experienced driver to your policy - that can have the effect of cutting the premium. But don't get a parent to 'front' a policy for your own car, with you as a named driver. Insurers are catching on to this and, if you have to claim, will look at who the 'main user' of the car is. You also can't get any valuable no claims discount until you have a policy in your own name.
The best type of car for the most reasonable insurance bills is something small and inexpensive with a diesel engine. With such a car, and less chance of a big financial loss if it's stolen or damaged beyond repair,
Always remember you don't have to take on the risk when somebody else is ready to take it on, think twice!!!
You can get reasonably cheap insurance cover.