Which is the Best Car Insurance Plan?

by anshi roy financer

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. 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 insurance policy 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.

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. Simply click here and avail the best comprehensive car insurance quotes.

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About anshi roy Junior   financer

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Joined APSense since, November 23rd, 2018, From Kolkata, India.

Created on May 1st 2019 06:59. Viewed 389 times.


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