• Third Party Car Insurance VS Comprehensive Cover

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    There are several key factors that come into play when you have to choose a car insurance scheme. One such point of concern is deciding whether to choose a comprehensive car insurance scheme or a standalone third-party car insurance scheme. In India, insurers sell both comprehensive covers and standalone third-party covers. While comprehensive motor policies cover both personal damages and third-party liabilities, standalone third-party car insurance cannot be used for own personal damages.

    What Is Comprehensive Car Insurance Coverage?

    A comprehensive policy, as the name suggests, offers overall protection against damages to both parties involved in an accident. This scheme is extensive, and it covers damages to car, theft, legal liability to third-party, and personal accident cover. The policy coverage can be further improvised by opting for add-ons like accessories cover, engine protector, zero depreciation cover, medical expenses, etc. This coverage is highly popular since it offers end-to-end coverage and hence ensures less stress for the policyholder.

    Without a comprehensive insurance cover, you risk paying from your pocket for expensive repairs of damages following an accident. Comprehensive car insurance in India is often costlier than standalone third-party insurance cover. However, it provides a lot more benefits to the insured compared to standalone third-party covers.

    Comprehensive car insurance often includes coverage for: theft, fire, natural disasters like a hurricane or a tornado, vandalism, falling objects, Damage done to your car by animals, civil disturbance, like a riot that results in damage or destruction of your car.

    Types of Motor Insurance Policy

    Essential Components Of Comprehensive Car Insurance Policy

    A comprehensive car insurance policy is the highest form of protection you can buy for your vehicle. It is always recommended to have comprehensive insurance even though the law does not mandate it. With a comprehensive insurance plan, you can be rest assured that the potential losses due to accidents are easily taken care of. Some of the essential components of comprehensive car insurance are as follows:

    • It provides protection against damages from accidents, even if you are at fault.
    • It provides end-to-end protection for a vehicle even against theft or damages caused by natural disasters.
    • Add-on covers like zero depreciation and engine protection are also available along with comprehensive insurance covers.
    • No additional premium is required for covering third-party liabilities in the case of accidents.

    Reasons to Upgrade to Comprehensive Car Insurance

    Comprehensive is also known as “other than collision” coverage because it normally includes coverage for:

    • Theft
    • Vandalism
    • Glass damage (such as a broken windshield)
    • Damage sustained from hitting an animal or bird
    • Damage from falling objects or missiles
    • Fire incidents
    • Floodwaters
    • Damage sustained due to severe weather or natural disaster -- such as windstorm, hail, hurricane, tornado, etc.
    • Damage to a third party.

    Without comprehensive coverage, a car insurance claim cannot be made if your vehicle receives damage that is not due to collision. For high valued cars, this type of insurance is desirable as an additional protection.

    Comprehensive Car Insurance Exclusions

    • Aging, wear and tear, etc. of the vehicle
    • Depreciation
    • Electrical or Mechanical breakdown
    • Damage to tyres and tubes. However if the vehicle is damaged at the same time, liability of the company will be limited to 50% of the replacement cost.
    • Damage caused by a person driving without a valid license.
    • Damage caused due to drunken driving or driving under the influence of drugs.
    • Loss/ damage caused by war, mutiny or nuclear risk.

    Third-party Car Insurance

    Third-party car insurance offers cover against any legal liability to a third party caused when you are at fault. It covers any damage or injury caused by the insured, to another person or property. A third-party liability cover is made mandatory in India under the Motor Vehicles Act, 1988. There is no specific limit on the liability coverage for injuries or death of a third party. However, liability coverage for property damages sustained by a third party is capped at Rs.7.5 lakh.

    Benefits Of Buying Third-party Car Insurance

    This type of car insurance covers the owner in case of any legal liability owing to death or injury to any individual or damage to any property caused by the insured vehicle. The Motor Vehicle Act stipulates that a third-party claim can be made under the categories of "no fault liability claims" where the claimant is under no obligation to allege and prove negligence on the part of the vehicle that caused the accident or "fault liability claims".

    Third-party Car Insurance Exclusions

    Third-party only car insurance policy does not cover the cost of damages to a vehicle or the belongings in the vehicle in case of an accident. It will also not provide cover if your car or belongings are stolen or destroyed.

    Difference Between Third-party & Comprehensive Cover

    One major difference between third-party insurance and comprehensive insurance is the range of protection offered to you and your vehicle. While a comprehensive plan provides multiple protection covers for you and your vehicle, a third-party cover is limited to offering protection against the claims of a third party. The strengths and weaknesses of these two types of car insurance depends on several underlying factors. It is necessary to better understand these variables in order to compare, analyze and decide upon the right car insurance scheme.

    • Value of the car: If value of your car is low, it is better to take third-party motor insurance since repairs to damages caused can be managed cost-efficiently and easily. It is cheaper to pay for repairs when compared to paying the high premiums associated with comprehensive cover. However, if the car is brand new and expensive, comprehensive cover is the better option.
    • Coverage: Third-party insurance covers damages to third-party vehicle, injuries caused to other people in an accident, as well as damage to third-party property. Some companies charge extra for third-party property coverage. This coverage has become a priority these days since cost of repairing damages to the car is high. But it does not provide you any coverage against damages to your own vehicle.
    • Expense: A comprehensive cover is more expensive than a third-party cover since it provides coverage for a wide variety of damages/injury/loss.

    What Insurance Cover Is Right For You?

    If what you are looking for is coverage for yourself and your vehicle, a comprehensive car insurance policy is what you need. It is a wider coverage plan since it has provisions for third-party as well. Comprehensive coverage policy is expensive as compared to just third-party insurance cover. In the end, choosing the right insurance cover comes down to your specific requirements. If you own a new, high-end car, it is a good idea to have a comprehensive cover that offers maximum protection for your vehicle. You can also choose additional covers like engine protection to ensure that your vehicle is well-protected. A standalone third-party cover could be opted for old vehicles that are no longer in prime condition.

    It is better to be safe, than sorry. Accidents happen unexpectedly, and it can heavily weigh on your finances. There might be slight variations in the benefits and exclusions depending on the insurance agency and it is advisable to check the terms and conditions in detail before taking a policy. To attain peace of mind when it comes to getting the right coverage, take a third-party or comprehensive insurance that meets all your requirements.

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    Keep these points in mind when buying a new car and insuring it

    As the eagerly awaited festive season approaches, you will be showered with a slew of discounts and offers from car manufacturers and insurance companies. So, if you already have plans to purchase a new set of wheels in the near future, this is the best time to do it.

    However, there are certain things you should keep in mind when buying a new car and insuring it. This includes assessing your needs and understanding the coverage offered by the assortment of insurance products available in the market.

    This page enlightens you on the various aspects of buying a car and an appropriate auto insurance policy. Use this as a checklist when you start shopping before the holidays.
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    Safeguard your vehicle with the return to invoice cover in car insurance

    Did you know that the coverage offered by a comprehensive car insurance policy is not as exhaustive as the name indicates? There are several exclusions under a comprehensive/package policy, and some of these can be added to the coverage through the use of add-on covers.

    Add-on covers are car insurance riders that can be bought from the insurance company at an extra cost. These riders offer specific levels of protection to the insured car and can be opted to suit the unique insurance needs of the customer.

    One such add-on cover is the return to invoice (RTI) rider. Consider a scenario in which your vehicle meets with an accident that causes total damage to it. The car insurance company is liable to pay you the Insured Declared Value (IDV) of the vehicle as the maximum claim amount. But if the car was protected with the RTI cover, then you will receive the original invoice value of the vehicle, i.e., its on-road price at the time of purchase!

    This page gives you a detailed insight on this extremely attractive rider.
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    What new car warranties are all about

    The festive season is closing in on us, and it brings a tide of discounts from car manufacturers and insurers alike. If you have plans to buy a new car in the near future, do not delay it any further. The festive season is the best time to get your dream car and also save some money in the process.

    Car manufacturers today offer warranties that protect engine, transmission, and other powertrain components for an extended period of time. This is completely unlike the warranties offered traditionally.

    There are also certain exclusions with respect to warranties. This page elaborates on the new car warranties and the steps you need to take to ensure that you are abreast of the fine print in the owner’s manual.
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    Driving safely on Indian roads

    There are few places in India that are more dangerous than the roads. The enormous volumes of vehicles using the roads and the lack of adequate infrastructure has led to bad driving habits and traffic congestion. The statistics of accidental deaths in the country are appalling.

    The best way to make the roads safer is by practising defensive driving techniques and following road safety guidelines.

    This page elaborates on how you can equip yourself to be a better driver on Indian roads. It also gives you tips on time management and getting your vehicle updated with adequate safety features.
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    Case study - reading through the policy documentation

    When you buy an auto insurance policy, it is imperative that you read through the fine print of the policy documentation in detail. This equips you better to take the right steps at the time of a claim under car insurance. Also you will be aware of the exclusions under the plan, so that you are not disheartened at the time of a claim.

    We have a host of case studies on the website that illuminate the necessity of understanding the coverage under your plan. This is one such case study.
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    GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

    News About Third Party VS Comprehensive Car Cover

    • IOC enters into an agreement with Phinergy to develop batteries for EVs

      Indian Oil Corporation (IOC) has signed a pact with Israeli company Phinergy Ltd. for the development of ultra-lightweight metal air batteries that will be used in electric vehicles (EVs). The agreement refers to joint research and development activities for metal air batteries that will be used in electric mobility and energy storage solutions.

      The metal air battery that can be used in an EV is ultra-lightweight and has a long-lasting regenerative cathode with high energy density. IOC has also got into an agreement with Yeda Research and Development Co. Ltd. for working together on solar thermal technologies.

      Apart from these pacts, seven more agreements were signed for bolstering bilateral ties between India and Israel. This was done after the discussions between the respected Prime Minister of India and Israel Prime Minister, Benjamin Netanyahu, on his visit to India.

      5 February 2018

    • Launch of 2018 Isuzu D-Max V-Cross in India

      The 2018 version of the Isuzu D-Max V-Cross has been launched in India with new features and equipments. The car will be available in two variants, i.e., Standard (priced Rs.15,76,240, ex-showroom Chennai) and High (priced Rs.14,26,241, ex-showroom Chennai).

      The Isuzu D-Max V-Cross has found a strong fan base in India since its launch in May 2016. This is the first time it is being upgraded since its launch.

      The car will have prominent exterior updates, such as LED tail lights, side steps, new chrome bumper, and a redesigned tailgate. LED DRLs will replace fog lamps and the cabin will have substantial updates as well. The car will also have an Auto Cruise Control for additional comfort.

      The safety devices in the vehicle have seen an upgrade with features like Traction Control System (TCS) and Electronic Stability Control (ESC) being made available with the high-end model.

      The upgraded model will also come in a Ruby Red colour scheme, apart from the existing colours of Cosmic Black, Orchid Brown, Obsidian Grey, Titanium Silver, and Splash White.

      The vehicle will retain the 2.5 litre diesel engine that generates maximum power of 132 bhp and 320 Nm of peak torque. The car will continue to have the 5-speed manual that powers all four wheels.

      2 February 2018

    • Honda Civic and CR-V to be unveiled at Auto Expo 2018

      Honda will be showcasing its new Civic and CR-V at the Auto Expo 2018. Earlier the company had announced the unveiling of the Amaze at the expo. These three models are part of the six fresh models that Honda will be launching in India by 2020.

      The new CR-V will be introduced in the country this year. Unlike its predecessors, the SUV will have a third row of seats and will be available with a diesel engine. The vehicle will also seat 7 people, offering the brand a new degree of versatility. The engine is a 1.6 litre unit that generates 160 hp of peak power and 350 Nm of maximum torque. The engine will be assembled locally to reduce the overall cost of the vehicle.

      The new Civic that will be showcased at the expo will not be the one that will be launched in India. However, the model that will be launched here will have a spruced up cabin. The Civic will also have the 1.6 litre diesel engine that will be seen in the new CR-V. Additionally, the car will come in a petrol variant with a 1.8 litre VTEC petrol motor.

      1 February 2018

    • Hyundai Verna will be launched in India soon; price expected to be Rs.7.29 lakh

      Hyundai will be adding a new car to its Verna lineup this year with a 1.4 litre petrol engine. The price of the base variant of the vehicle is expected to be Rs.7.29 lakh, ex-showroom Mumbai.

      The 1.4 litre petrol engine is currently provided with the Hyundai Elite i20. The motor produces 98 bhp of peak power and 132 Nm of maximum torque. The engine will be coupled to a 5-speed manual gearbox in the new Verna.

      This is the second petrol engine in the Verna lineup. The 1.6 litre petrol motor is more powerful than the the 1.4 litre engine that will be present in the new Verna.

      The features in the new Verna will be identical to that of the facelift launched in August 2017. The facelift of the car was competing in the market with Honda City and Maruti Suzuki Ciaz. The launch of a cheaper model of the vehicle will definitely give Hyundai an edge over its competitors.

      31 January 2018

    • Volkswagen introduces the new Passat priced at Rs.29.99 lakh

      Volkswagen launched the new Passat yesterday with a price tag of Rs.29.99 lakh, ex-showroom. The car will compete with the likes of Honda Accord, Toyota Camry, and Skoda Superb in the Indian automobile market.

      The latest version of Passat is equipped with an MQB platform and a 2 litre TDI diesel engine.

      The director of Volkswagen Passenger Cars, Steffen Knapp, mentioned that the company is pleased to announce the launch of the technologically advanced model that has supreme security features.

      25 October 2017

    • Volkswagen will rely on its partnership with Skoda to make region-specific cars

      Volkswagen is counting on its partnership with Skoda Auto in India for coming up with region-specific cars that are competitively priced to drive growth volumes.

      Volkswagen has mentioned that their R&D team in Pune will assist in developing region-specific vehicles and will have a greater hold on the process of product development than before. The company, however, refused to specify a timeframe within which the first product from the joint venture will be launched.

      The manufacturer stated that the partnership with Skoda will be advantageous to Volkswagen as Skoda is renowned for its cost-effective and clever solutions.

      23 October 2017

    • Tata plans to launch Q501 SUV in 2018

      Tata Motors is currently planning the launch of its Q501 SUV model in the year 2018. This SUV will be built on the Freelander 2 platform, and it will be available in both 5-seater and 7-seater versions. It is most likely to feature an all-wheel drive. It is also expected that this vehicle will be available in both petrol and diesel variants.

      Tata already has a few models of SUV in its lineup with the likes of Hexa and Safari Storme. Another model of subcompact SUV named Hexon is also ready for launch soon. In addition to this, Tata also own Jaguar Land Rover, which is known for making high-end luxury utility vehicles.

      21 September 2017

    • Get Adequate Insurance Cover for Your Vehicle This Monsoon Season

      Having a good vehicle insurance cover is important for every vehicle owner. Vehicle insurance becomes even more important during the monsoon season when vehicles are prone to damages from rains. The recent floods in Mumbai and Chennai are examples of what could happen when rains get worse during the monsoon season. During unexpected floods, vehicles suffer a great deal of damage and it costs a lot to repair them.

      According to Manohar Bhat, Chief Business Head-Motor at Bajaj Allianz General Insurance, it is necessary to have adequate vehicle insurance cover during the monsoon season. For customers using high-end cars, it is better to have engine protection add-on during the monsoon season to minimise damages due to unforeseen events.

      If you already have insurance cover for your vehicle, you must check with your insurer to understand the type of protection you have for your vehicle. By getting the right cover, you can minimise the costs associated with vehicle damages during monsoons.

      18 September 2017

    Third Party Car Insurance VS Comprehensive Cover Reviews

  • Page 1 of 50 1 2 3 4 5
    • Reliance General Car Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      For the past 3 years I am renewing my car from the RELIANCE GENERAL INSURANCE company,. I paid Rs,20,000 to renew the policy last year. The policy coverage is good with the policy . The cashless garages options is good with the RELIANCE GENERAL INSURANCE car policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 19, 2018
    • Royal Sundaram Car Insurance
      "Car insurance with ROYAL SUNDARAM "
      0.5 4.0/5 "Great!"
      I have taken a car insurance from ROYAL SUNDARAM GENERAL INSURANCE. The provide bumber to bumber, cashless garages, road assistance. Every year i have to renew the policy and first i made the payment to the showroom itself. Its a good policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 17, 2018
    • Tata AIG Car Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have four wheeler, which got insured with the Tata AIG general insurance company. I have not faced any issues with them and the coverage value is good one too. Online portal of the Tata AIG general insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • HDFC Ergo Car Insurance
      "Good Service and Online Support"
      0.5 4.5/5 "Excellent!"
      I took a Car Insurance from HDFC Ergo and the process was really simple and customer friendly. Also during the Insurance tenure I transferred ownership of my Car and I got an endorsement of my Car Insurance Policy on new owner name done ONLINE without any hassles.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 16, 2018
    • United India Car Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I took my car insurance from United India Insurance by last year. It was good experience and suggested by the dealer. Once I go for claim only can come to know about the service. They are giving bumper to bumper offer. I paid 8K to purchase this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Oriental Insurance Car Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have faced some claims with the Oriental insurance company. Premium is very nominal one with them and the claim got completed on immediate basis. Everything is better one with the the Oriental insurance company.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • Reliance General Car Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have insured my car with the Reliance general insurance company. I have got the two claims , which got processed through them. Everything is excellent one with the Reliance general insurance company. Claim processing were done in easy manner with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 16, 2018
    • National Insurance Car Insurance
      "Its Best"
      0.5 4.0/5 "Great!"
      I took Car Insurance from National, the premium was economical compared to other competitor. IDV value Rs. 4.85 lakhs for my Maruthi car with third party cover, road side assistance. May thing I like in National Insurance, they are providing cashless service and the premium was standard.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • Future Generali Car Insurance
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the claim experience with the FUTURE GENERALI GENERAL CAR INSURANCE , I have got the settlement within a week time, so that was the reason i have choose the FUTURE GENERALI GENERAL INSURANCE for my car . The customer support gives the intimation to renew the policy before the due date.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 15, 2018
    • National Insurance Car Insurance
      "Best Policy to hold"
      0.5 4.0/5 "Great!"
      Car Insurance premium is good, they gave me policy cover based on the age of the vehicle. National Insurance sent me the policy copy on time. My spouse have been taking insurance from same company for long term because they give third party, road side assistance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
    • Royal Sundaram Car Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken Car Insurance with Royal sundaram,the premium amount is 5000 per annum.The payment is done through a different modes as per the requirement.The policy coverall amount is 70% for fibre materials and for other its 50-60% ,i have claim experiences once they had covered completely.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • New India Car Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car Insurance with New India Assurance with them,the premium amount is 7000 paid by cheque per annum.I have no claim experience with em till date.The policy coverage amount is three lakhs,I have taken this long back,whenever i approach them they respond on time.
      Was this review helpful? 0
      , kanpur
      Reviewed on Feb 14, 2018
    • Oriental Insurance Car Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a car insurance with Oriental Insurance by last year. I don't have any claim experience. I paid 17,000 rupees for one year and purchased this insurance. It was purchased through online. They offered a good IDV value and benefits.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 14, 2018
    • Tata AIG Car Insurance
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car Insurance with TATA Aig General Insurance.The premium amount is 6000 per annum.I get a policy coverage amount of one lakh.I have taken this insurance five years ago.I have no claim experience with them till date.The service is good they give prompt response to the customer,the model of my car is Tata Nano.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • ICICI Lombard Car Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The service is good with Icici car insurance service. The payments are through online and the documents have been collected directly from the showroom. The response is good with Icici,they use to intimate me regularly. It was a good experience with Icici car insurance service for my Swift Dzire car.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 14, 2018
    • United India Car Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Car Insurance with United India Insurance,the premium is 13,000.This was taekn one year ago.I pay my premium online at times by cheque.I get a policy coverage amount of 80% for metal and for plastic its 100%,they are every quick in processing the request.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 14, 2018
    • ICICI Lombard Car Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I am using ICICI lombard car insurance from last 2 years and it is one of the good policy when compared to all other policies. This policy has to be renewed every year and i pay a premium of Rs 18000 for this insurance. They have a coverage from bumper to bumper in this insurance. I am satisfied with the coverage of this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • Future Generali Car Insurance
      "Good insurance policy"
      0.5 4.0/5 "Great!"
      I am having a Car insurance with Future generali insurance from last 1 year and it is a good insurance policy. I pay a premium of Rs 18000 for this insurance. I do not have claim experience so far with this insurance. They cover bumper to bumper damages in case of any accident. Customer service was good and they gave all correct information about the insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • Bajaj Allianz Car Insurance
      "Best insurance policy"
      0.5 4.0/5 "Great!"
      I have taken a Car Insurance with Bajaj Allianz.The premium amount is 16,000 i pay it through online payments.The policy coverage amount is five lakhs and its covered 100% of the value and its a zero depreciation. The customer service is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 13, 2018
    • ICICI Lombard Car Insurance
      "Good protection for my vehicle"
      0.5 5.0/5 "Blown Away!"
      I took car loan from ICICI, they provided insurance from ICICI Lombard. I made the premium around Rs. 9000 for the tenure of one year. IDV value was best, it covers entire metallic body of my vehicle, they tie up with good center service as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 13, 2018
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