Difference Between 1St Party And 3Rd Party Insurance. As a first party in car insurance, you as a car owner can initiate the policy purchase process. The first party is the insured individual.
For example, if a drunk driver runs a red light and collides with your vehicle, you would likely file a claim with the drunk driver’s insurance company. The most fundamental difference is the parties involved in filing the claim. And the injured person (or company) is the third party.