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What’s The Right Insurance Policy For Your Car?


The choice between "comprehensive" vehicle insurance and "third-party" insurance is a toss-up when it comes to choosing car insurance coverage. Here is a quick analysis of the advantages and disadvantages you should consider as well as the differences between the available solutions before you buy car insurance online.


How Does Comprehensive Insurance Work?

Simply put, comprehensive auto insurance provides significant coverage for both your own vehicle's damage and obligations to third parties. Although it is not mandated by law to obtain comprehensive auto insurance, many buyers prefer it because of the advantages it provides.


Third-Party Insurance: What Is It?

The losses that the insured four-vehicle causes to a third-party vehicle, person, property, etc., are covered and compensated, as the name implies, by third-party auto insurance. It is the most simple and cost-effective type of automobile insurance available in India.


Benefits And Drawbacks Of Purchasing Comprehensive Auto Insurance

It provides broad coverage. And by that, we mean that, in contrast to third-party coverage, it will also pay for your own damages. Your vehicle is protected against theft, fire, natural disaster-related damages, and man-made disasters (riots/vandalism).


Additionally, you may upgrade your protection package by purchasing add-ons like engine and gearbox covers and zero depreciation. Additionally, no-claim benefits are offered through lower premiums in years when the owner doesn't file a damage claim.*


Comprehensive car insurance costs slightly more than standard third-party insurance but provides extensive long-term protection for your vehicle.


Benefits And Drawbacks Of Purchasing Third-Party Insurance

Third-party insurance has lower predetermined IRDAI-approved premium rates than comprehensive insurance. However, customisations are not offered, and the owner is not protected against damage to his own vehicle.## #


Third-party insurance policies do not qualify for any bonuses or reductions. Although the policy covers third-party damages, one is still liable for "own" damages, making it the most straightforward and fundamental car policy available in India.*


What Type Of Insurance Should You Get For Your Old Car?

Purchasing third-party insurance will be a sensible choice for you if you are buying an old automobile in India, you drive safely, or you don't use your car frequently. You won't need to be concerned about paying high premiums with this approach.


Selecting the correct insurance policy for your car is a vital decision that requires careful consideration. It is crucial to assess your individual needs and budget, as well as the coverage options provided by different insurance companies, before you buy car insurance online. Factors like the value of your vehicle, your driving record, and the level of risk you are willing to assume should also be taken into account.


Thorough research and professional advice may help you choose a reasonably priced insurance policy with sufficient coverage. Make sure you renew your car insurance on time.




*Standard T&C Apply

#Visit the official website of IRDAI for further details.

##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply


Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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