Why the cheapest car insurance may not be the best deal?

There are four (4) types of car insurance: Full Comprehensive Car Insurance, Third Party, Fire and Theft, Third Party Insurance, and Specialized Car Insurance. These types of car insurances are designed to suit a variety of needs as each individual have different lifestyles, finances, and preferences. The most expensive is the Full Comprehensive Car Insurance, while the cheapest is the Third Party Insurance. Third Party Insurance is usually purchased by car owners who have old cars. These old cars can either have little value or no value at all. Third Party Insurance is the cheapest type of car insurance because it only covers circumstances where a car owner is involved with an accident with another driver, are at fault, and hit a third party. But in terms of any other situation, another kind of accident, fire, theft, etc, the car insurance company is not required to pay the car owner.