No, there are 3 main types of insurance policy:
Third party: This is the minimum level of car insurance required under UK law, and is essentially intended to protect other drivers when you take to the roads. It covers you if you damage someone else’s property or injure them while driving, and will cover your passengers too. Third Party does not cover some key elements, those include: damage to your car if you caused the accident and you will not be covered if your car is stolen or destroyed by fire. You must check if this policy is right for you.
Third party, fire, and theft (TPFT): In addition to the above, you will also be covered if your car is stolen or destroyed by fire.
Comprehensive cover: This is the highest level of cover, in addition to Third party, fire and theft you will also be covered for damage to your vehicle if you cause the accident. There are often many additional benefits that are added to the policy in order make ‘Comprehensive cover’ even more attractive. You must check if this policy is right for you.