Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • Third Party Car Insurance VS Comprehensive Cover

     4.5 / 5.0   by 2131 users
    Used this product? Write a review >>

    Policy Coverage

    Customer Service

    Claim Experience

    Responsiveness

    Cashless Garages

    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.

    Car Insurance Guide Page

    Recent Articles on Car Insurance:

    • 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.
      Read More...

    • 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.
      Read More...

    • 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.

      Read More...

    • 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.
      Read More...

    • 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.
      Read More...

    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

    • Bookings Open For Maruti Suzuki Ciaz Facelift

      Many Maruti Suzuki dealers in India have opened bookings for the Ciaz facelift. The booking can be done with an amount ranging from Rs.11,000 to Rs.21,000. The refreshed version of the car has received significant cosmetic changes and a host of advanced features and upgrades. With the launch of the car, Suzuki aims to bring its sales back on track as the same has seen a significant drop in the past few months due to lack of new launches in a long time. Maruti Suzuki believes that the facelifted Maruti Suzuki Ciaz will help the company strengthen its position in the premium sedan segment.

      11 September 2018

    • Maruti Suzuki May Launch An Entry Level Car in 2020

      As per some media reports, Maruti Suzuki is working to develop an entry level car which may be launched in 2020. The car is expected to have a petrol engine with the capacity of 800cc-1000cc. The challenge for the carmaker is to ensure that the car remains ahead in terms of regulations and norms that will prevail in 2020. The car may be placed between the entry level Alto 800 and Wagon R hatchbacks in the Maruti Suzuki lineup.

      22 August 2018

    • Diesel Version of BMW 6 Series Gran Turismo Launched In India Starting At Rs 66.5 lakh

      BMW, the German automaker has launched the diesel version of its 6 Series Gran Turismo in India at a starting price of Rs.66.5 lakh. The locally produced diesel variant of the luxury car will be available in two design schemes – M Sport and Luxury Line. Powered by a 6-cylinder 3-litre diesel engine, the car can go from 0 to 100 kmph in just 6.1 seconds. The newly launched diesel variant of the car will be available across all the dealerships in India.

      1 August 2018

    • Nissan’s EV Leaf to be Launched in 2018

      After a lot of anticipation, Nissan has finally revealed that it will finally launch the Leaf EV in India towards the end of 2018. The second-generation Leaf EV will be imported to India as a CBU since Nissan is not hoping to make big sales on the model.

      The car is expected to be priced between Rs.40 to 50 lakh. Nissan is hoping for the Leaf to be viewed as a technology demonstrator rather than a mass-market EV. The vehicle will be made compatible with the charging infrastructure available in India. The EV is powered by a 40Wh battery that generates up to 140hp.

      24 July 2018

    • Italian Carmaker Maserati to Unveil 6 New Cars in Next 5 years

      Maserati, the Italian carmaker plans to launch 6 new car models in the coming five years to take on its rivals Porsche and Tesla. The upcoming launches will include a compact SUV, the much awaited Alfieri supercar, and four other electric-powered cars. The Alfieri will be built on an aluminium frame and will come in three advanced powertrains. As per the company, the upcoming car will be able to hit a speed of 100 kmph in just 2 seconds. To take on Tesla, the brand will also launch four electric powered cars under a ‘Maserati Blue’ moniker.

      18 June 2018

    • Mercedes-Benz Rolls Out Its 100,000th Car In India From Its Plant In Chakan

      Mercedes-Benz, the German carmaker has achieved a cumulative production of 1 lakh cars in India. The 1,00,000th car manufactured by the automaker in India was the E-Class sedan. The car was rolled out from the plant in Chakan (near Pune). The company began its operations in India 24 years ago and has witnessed a significant growth in the Indian market since then. In the year 2014, the company had reached a milestone of producing 50,000 cars.

      11 June 2018

    • Hyundai Opens an Online Booking Facility for its Indian Customer Base

      Hyundai has launched an online booking facility to make it easier for their customers to book their cars. Hyundai is India’s second largest car manufacturer.

      The MD and CEO of Hyundai Motors India Ltd, YK Koo, spoke at the launch stating that as a brand, Hyundai is customer-centric and is moving towards digitisation. He also stated that Hyundai is one of the front-runners in the Online Media Innovation domain and the online booking facility is likely to empower customers and “redefine online car purchase in India”.

      This initiative was created with the vision of creating faster and more convenient experience. The online booking process would enable customers to register for their car and pay the token amount without having to visit a dealership.

      21 May 2018

    • Porsche 911 GT2 RS to be launched in India

      Porsche 911 GT2 RS, one of the fastest street-legal cars in the world, is on its way to the Indian market by the end of the second quarter of 2018. The Porsche 911 GT2 RS is supposedly reaching India before the new Cayenne. Special and hyper-performance models have been mostly kept away from the Indian market in the past but this time Porsche has allocated more than one car to India.

      Based on the extra-wide body of the Porsche 911 Turbo, the Porsche 911 GT2 RS has a record lap time of 6 minutes and 47.3 seconds at the Nurburgring as the fastest road-legal, rear wheel drive vehicle. The hood covers a 3.8-litre twin-turbocharged flat-six engine that churns out a maximum power of 686 bhp and a peak torque of 750 Nm, that makes the car clock 0-100 kmph in just 2.8 seconds. The car also gets Porsche’s PDK dual-clutch 7-speed transmission system that operates in both auto and manual modes and comes with the GT-specific mode that allows quicker upshifts and aggressive downshifts. The top speed clocked by the Porsche 911 GT2 RS is 340 kmph. In spite of all the power, the Porsche 911 GT2 RS manages to serve an astounding fuel efficiency of 8.5 kmpl.

      16 April 2018

    • Ferrari launches 812 Superfast, priced at Rs.5.20 crore

      Ferrari has officially launched the 812 Supersport in India. This V12 powered GT is set to replace the F12 Berlinetta in the country. With a peak power of 789 bhp and a peak torque of 718 Nm, the top speed of the 812 Superfast is a stunning 340 kmph. The model looks like an evolution of the older F12 packed with a lot of aggressive details. Like most Ferrari models, the 812 Superfast looks breathtaking and comes in various colors including the trademark range of reds and hues of blue and silver. The 812 Superfast is set to compete with other GT cars in the Indian market like the Aston Martin DB11 and the Bentley Continental GT.

      20 March 2018

    • From 1st April, BS-VI grade fuel will be sold in India

      The Central Government has announced that BS-VI grade fuel will be available in Delhi from 1 April 2018. The government was targeting to have this in place by 1 April 2020; hence, this is an advancement by 2 years.

      After covering the National Capital Region (NCR), the fuel will be made available in the rest of the country. The government will, hence, be moving from BS-IV grade fuel directly to BS-VI grade.

      The thought of making BS-VI grade fuel available was in adherence to the report from Environment Pollution Control Authority. Only vehicles that are compliant in BS-VI emission standards will be sold in the country from 1 April 2020 as well.

      5 March 2018

    Third Party Car Insurance VS Comprehensive Cover Reviews

  • Page 1 of 50 1 2 3 4 5
    • Royal Sundaram Car Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I am having a car insurance policy with Royal Sundaram from last 2 years, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. They cover bumper to bumper damage for this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 19, 2018
    • Royal Sundaram Car Insurance
      "Good"
      0.5 3.5/5 "Pretty good"
      I have taken my car insurance with Royal Sundaram. The policy coverage is good. The premium is on the costlier side when compared to TATA AIG and ICICI Lombard. Likewise the benefits are also not up to the mark. They are not covering electric and non electric parts and plastic as well.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 18, 2018
    • HDFC Ergo Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My car is insured with HDFC ERGO for 1 year, i am happy with the policy benefits and plan coverage of this insurance policy. A insurance premium of Rs 18000 has to be paid for this insurance policy. This policy includes full coverage.
      Was this review helpful? 1
      , gulbarga
      Reviewed on Sep 12, 2018
    • Oriental Insurance Car Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a car insurance with Oriental insurance for 1 year, i am happy with the coverage value of this insurance policy. I have to pay an insurance premium of Rs 5000 for this insurance. Customer service was good and they explained everything about the policy terms and conditions.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 12, 2018
    • Tata AIG Car Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      My car insurance is with TATA AIG and i have taken this policy for 1 year. I have to pay an insurance premium of Rs 9000 for this insurance. They cover bumper to bumper damages and i am happy with the coverage value of this insurance policy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 12, 2018
    • Reliance General Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a car insurance with Reliance general insurance for 1 year, a premium of Rs 7600 has to be paid for this insurance policy. I am happy with the coverage value of this insurance policy. This policy has a basic coverage and i am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 12, 2018
    • Reliance General Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My car insurance is with Reliance general for 1 year and it is a good insurance policy to use. I pay a premium of Rs 25000 for this insurance policy and it has full coverage. I am satisfied with the terms and conditions explained by the customer service of this insurance.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 12, 2018
    • National Insurance Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have taken a car insurance with National insurance for 1 year, I have to pay a premium of Rs 10000 for this health insurance policy. The benefits of this car insurance is, it is 0% depreciation and it has a full coverage. Customer service was very good and their response was on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 12, 2018
    • Iffco Tokio Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my car insured with IFFCO TOKYO and i have taken this insurance for 1 year, it is a zero depreciation and it has a full coverage. A premium of Rs 21808 has to be paid for this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , palanpur
      Reviewed on Sep 12, 2018
    • National Insurance Car Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      My Car insured with the National Insurance. I am paying a premium of 3000, I do not have any claim experience with the policy and it offers features as cashless garage and roadside assistance. So far it has been an hassle free experience with their services.
      Was this review helpful? 1
      , lucknow
      Reviewed on Sep 11, 2018
    • National Insurance Car Insurance
      "Fraud on insurance"
      0.5 1.0/5 "Really Bad"
      Loan Acc No : 5002098252 TN22 DD 7996 Based on the guidance of the officials who works at T nagar branch, Chennai, i did the insurance. They told me hereafter insurance is to be renewed by myself as my insurance alliance with TMF was cancelled so i did insurance myself. But now they are not responding for refund my money. So please pay back my money which i have paid so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 11, 2018
    • review Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a car insurance policy with Bharti AXA for 1 year, a premium of Rs 15000 has to be paid for this insurance policy. I am happy with the coverage value of this insurance policy. No claim experience so far and they cover bumper to bumper damage.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 08, 2018
    • HDFC Ergo Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My car is insured with HDFC ERGO and i have taken this insurance for 1 year, a premium of Rs 21000 has to be paid for this insurance policy. The benefits of this insurance is, there is full coverage for this insurance and they can cover up to 90%.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Sep 08, 2018
    • HDFC Ergo Car Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have my car insured with HDFC ERGO and i have taken this insurance for 1 year. I am not aware of the premium amount for this insurance policy. They cover bumper to bumper damage for this insurance policy and the customer service was good with this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 08, 2018
    • review Car Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a car insurance policy with Bharti Axa general insurance for 1 year, i am happy with the coverage value of this insurance policy. I have to pay a premium of Rs 12500 for this insurance policy. Customer service was good and they explained about the insurance in detail.
      Was this review helpful? 1
      , pune
      Reviewed on Sep 08, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken car insurance policy with New India Assurance for 1 year, a premium of Rs 29000 has to be paid for this insurance policy. This policy covers full coverage and i am happy with the coverage value. Customer service was good as they explained about the insurance terms and conditions.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 08, 2018
    • Shriram Car Insurance
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      My car insurance is with Shriram Finance. The services and response is good. I was able to get the policy on time and with ease. They have also provided a good policy coverage. There are good benefits like road side assistance and the premium is normal.
      Was this review helpful? 1
      , indore
      Reviewed on Sep 07, 2018
    • Bajaj Allianz Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      My car is insured with Bajaj Allianz from last 10 years and it is a good policy to use. I pay a premium of Rs 5000 for this insurance policy. I have claimed this insurance 4 years back and they covered 80% and i am happy with the coverage value of this insurance policy.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 06, 2018
    • United India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a car insurance policy with United India Insurance from last 1 year, i am happy with the coverage value of this insurance policy. A premium of Rs 24000 has to be paid for this car insurance policy. They cover bumper to bumper damages for this car insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 06, 2018
    • HDFC Ergo Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my car insured with HDFC ERGO from last 1 year and it is a good policy to use. I have to pay a premium of Rs 19000 for this insurance policy. I have not claimed anything so far from this insurance policy and they cover bumper to bumper damage.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 06, 2018
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.