Insurance is something that will cover your financially if you have an accident at home, on the road, on holiday or if you damage your, or someone else's property.
There are many types of insurance covering many different types of things and the cost of these will vary enormously depending on your age, history, where you live and whether you have had any previous accidents or claims.
The purchase of most insurance is voluntary. You decide on what and how much cover you want. The exception to this is motor insurance. Here the law says that you must have at least third party cover before you can drive a motor vehicle. This means that your insurance company will pay for damage on somebody else's car if you hit it (they somebody else is the 'third party') but they will not pay for repair of damage to yours.
Some types of Insurance
Things to watch for
No Claims Discount
Cost comparison sites