What is 4wheeler Insurance ?
Car insurance, also referred to as motor or auto insurance, is an insurance policy that provides you financial protection if your vehicle suffers damages due to accidents, natural disasters, or thefts.
With a Comprehensive Car Insurance Policy, you will be financially secured in case of any losses to your vehicle due to an unfortunate event. Apart from that, a private car insurance policy also covers third-party liabilities and ensures that you comply with the law of the land.
Insuring your car with us is simple, easy, and convenient. Being digital-first helps us seamlessly offer almost all of our services online.
The following table highlights the key differences between comprehensive and third-party car insurance
PARAMETER | THIRD PARTY CAR INSURANCE POLICY | COMPREHENSIVE CAR INSURANCE POLICY |
Meaning | Third-party car insurance is a basic law-mandated policy that covers third-party liabilities. | Comprehensive car insurance is an optional policy that provides coverage against damages to your car and third-party liabilities. |
Coverage | Damages to third-party property/vehicle and injury/death of a third party. | Third-party property damages, injury or death of the third party and damages to the insured car due to accidents, natural/manmade calamities, theft, etc. |
Premium | Low premium | Higher premium due to extensive coverage. |
Add-ons | Not available | You can opt for add-on covers. |
Legally Mandatory | Yes | No |