I have been a Budget Direct insurance customer for several years now. The policy has a rock bottom price, provides a great level of cover and the company is easy to deal with. The policy is underwritten by Auto General Insurance, one of the biggest insurance providers in the world. Budget direct have won a number of awards, including Money Magazine Insurer of the year, and a five star Canstar rating for 14 years running!
realistically you should only insure against things which are going to destroy you financially, like your house burning down. Driving your car into the back of a $300,000 Ferrari is going to be a bad day; but with appropriate third party property insurance it’s not going to ruin your life.