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There are three main types of car insurance that you can purchase depending on the type of coverage that you want.

The first of these insurances is third party car insurance. This type of insurance is the most basic of the three. Third party car insurance means that if you cause an accident then the insurance company will only cover the cost of the damage that is done to the other vehicle. The insurance company will not cover damage done to your car. Accordingly this is the cheapest of all types of car insurance

The second type of car insurance is third party, fire and theft car insurance. This includes the above, but also extends to include cover to your car if damage is caused by either loss or fire. Accidental damage however is not covered. This will cost you slightly more than the basic third party insurance, but the extra cost is worth it for the peace of mind that the added cover brings.

The third type of car insurance that you can buy is comprehensive car insurance. This is the most expensive of the three but covers third party, fire, theft and accidental damage. This means that even if you cause an accident your vehicle will also be covered for any damage that has been done. For people who like to be covered in all eventualities this is the policy to go for. In addition, you will most likely be covered when you drive other people’s cars or hire cars.

Other than these three there are many specialty policies for things like rare or classic cars, electric cars and cars that are intended for business. You will normally need to look for these more specialist policies through a broker however. You can find independent insurance brokers who specialize in bespoke insurance (and other financial) packages by searching for companies that sell everything from classic car insurance to landlord insurance to umbrella companies and contractor insurance.

What are the top five supercars? To attempt an answer, this list includes only currently available high performance vehicles. Prices range from reasonable to exorbitant. Each car is a street legal production car that you can drive every day.

The 2012 Nissan GT-R sells for a bargain basement price starting at $89,950. Despite the low price, its 530 hp turbocharged V6 can carry you from 0-60 mph in a mere 2.9 seconds. Its quarter-mile time is 11.1 seconds and the car’s top speed is 197 mph. The impressive performance is due in part to a 0.26 drag coefficient that makes it literally slice through the air.

The 2012 Corvette ZR1 is the fastest production car ever produced by General Motors. The 638 hp supercharged LS9 engine launches the Vette to 60 mph in 3.3 seconds. The quarter-mile comes up in only 11.1 seconds and the LS9 keeps pounding the pavement to 205 mph. Shod with Michelin Pilot Sport Cup zero pressure tires, it corners at a mind bending 1.1 g. At the famed Nürburgring race track, the ZR1 completed the 12.9 mile course with a 7:19.4 elapsed time. At a price as low as $112,000, it is hard to beat.

The 2011 Porsche 911 Turbo S delivers an impressive 0-60 mph time of 2.9 seconds. The quarter-mile arrives at 10.6 seconds and the twin-turbocharged 530 hp engine effortlessly carries you to 195 mph. A torque vectoring system applies the inside rear brake on corning. This creates a yaw effect about the car’s vertical axis that aids in pointing the car correctly in turns. The car completes Nürburgring in 7:37 according to Porsche. It is an affordable supercar with a base price starting at $160,000.

The 2011 Ferrari GTO 599 rockets to 60 mph in 3.3 seconds and does the quarter-mile in 11.1 seconds. The top speed of the GTO is 208 mph. The 12-cylinder engine delivers 661 hp at 8250 rpm and 460 lb-ft of torque at 6500 rpm. A large supply of power is available from idle to redline making it a formidable machine on the track. In fact, it finished the Fiorano test circuit in 1:24, which is one second quicker than the Ferrari Enzo. The base price for this beauty is $383,500. Production is limited to 599 cars.

The 2011 Bugatti Veyron 16.4 Grand Sport is not only one of the fastest cars in the world, it is the most expensive street legal car in the world. You can purchase a Veyron for a base price of $1,700,000. The high-end models sell for $2,400,000. Its 16-cylinder engine boasts four turbochargers with an astounding 1001 hp and 923 lb-ft of torque. The car can reach speeds of 267 mph, but is electronically limited to 253 mph to protect the tires. It can go from 0-60 mph in 2.4 seconds and gets to the quarter-mile in 10.1 seconds.

Legally, there are only two types of insurance that are compulsory: motor insurance for driving on the roads, and employer’s liability insurance. Any other types of insurance cover are purely optional, but there are some that make better sense than others, and motor trade insurance very definitely falls into that category.

By its very nature, the motor trade means that you are working with highly valuable assets, whether they are vehicles, specialised tools and equipment, or premises and they need to be protected to make sure that, if the worst does happen, your business does not suffer from a financial set back from which it cannot hope to recover.

The motor trade is a diverse industry covering a multitude of aspects that have an interest in vehicles, and as such motor trade insurance has to reflect this diversity. Policies can be arranged to suit individual circumstances and will include vehicles and goods in transit; motor trade liabilities; any driver; vehicle stock; commercial buildings, and tools and equipment, for example.

There is a huge amount of money tied up within the motor trade and it is imperative that this capital is protected from accident or deliberate damage, and from theft. It is also vital that vehicles belonging to your customers are also protected while they are in your care, and from (however unlikely) any faults that may occur as a direct result from being worked on by someone employed by you.

There is a variety of different policies for motor traders, so you can be sure that there will be one that suits your business and your budget. There are those that operate in a similar way to car insurance in as much as they are available as third party, third party fire and theft and fully comprehensive policies.

There are also policies that concern themselves with motor trade liabilities and there it is also possible to get combined policies that will cover all aspects of the business. Obviously, this will be more expensive, but the real question is, can you afford to be without it?

Motor trade insurance is something to take seriously, and Blue Angel Tech’s motor insurance section just does that.