Question

What type of insurance would you recommend for my car example: Third Party, Full Compressive…etc.?

NOTE: Question published as asked.

Answer

In principle, conventional insurance is impermissible as it has elements of gharar (deception) and khimaar (gambling). However, as it is the law of the land (UK) and cars are a necessity, one may take out the insurance package that costs the least money, be that third party insurance or fully comprehensive.