Which is the Best Car Insurance Plan?


Car Insurance



Car insurance is a must for every motor vehicle owners in India. However, most of the motor vehicle owners only go for the compulsory third party car insurance since it is mandated by law. They generally want to save more on premium although they also compromise their protection and coverage. There are basically two types of car insurance plans to choose from:

  • Third Party Liability Only Plan
  • Comprehensive Car Insurance Plan
Apart from these two, you also go for a bunch of add-on covers available to strengthen your protection. You will have to pay extra to avail the benefits offered by these add-on covers.
The third party car insurancepolicy have been specifically designed to save a vehicle owners steer clear of legal liabilities in case of an accident causing death, injury or property damage to a third party. It should be kept it mind that the third party motor insurance plan will not compensate against the damages of your own car. Third party car insurance is mandatory by law as per Motor Vehicles Act 1988.  Comprehensive car insurance plan on the other hand, is a total package. This car insurance plan is optional, and is basically costlier than the third party car insurance plan.
But it will be worth it since the comprehensive car insurance plan covers third party legal liabilities as well as the damages to yourself or your own vehicle. Therefore, comprehensive car insurance is the best plan you must insure your car with. It’s important that you consider the security of your first and then the premium since you may suffer financially a lot if you encounter any sever damage to your own vehicle and you have a third party insurance. However, if you want to save big on car insurance premium with comprehensive plan, it’s advisable that you compare car insurance online. 

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